Hoang Phat Vissai Group has acquired Song Lam 2 Cement JSC in Vietnam's central province of Nghe An from state-owned PetroVietnamCement 12/9 JSC.

The group will invest VND500bn to complete and speed up construction of the plant in order to operate it in the next quarter.

By purchasing Song Lam 2 Cement Company, Vissai now owns nine clinker and cement production units across Vietnam.