CEB and the Bank for Investment and Development of Vietnam (BIDV) signed in Hanoi on Sept. 29 a contract to co-finance the Phu Son project and a memorandum of understanding on investment in seven potential projects.
BIDV General Director Tran Bac Ha said the Phu Son Cement Plant will be built in northern Ninh Binh province at a cost of US$126.7m, to which CEB will provide 60 per cent in equipment to be imported from the Czech Republic.
Five among seven potential projects are to build a cement plant in northern Ha Nam province, hydro-electric power plants in northwestern Son La province, central Quang Nam province and central highlands Lam Dong province, and a thermo-electric power plant in central Ha Tinh province. Two other projects are for the transfer of Czech’s beer production technology and establishment of a joint-stock company to manufacture hydro-electric turbines.
