Vietnam’s An Giang province has approved two major cement investment projects with a combined value of more than US$640m as part of a wider industrial development programme.
According to Vietnam Investment Review, Ha Tien Kien Giang Cement, part of the Tan A Dai Thanh Group, will invest approximately US$223m in construction of the Ha Tien Kien Giang cement plant. Sinoma has previously been announced as a project partner.
In addition, Siam City Cement will further develop the Hon Chong cement plant with planned investment of around US$419m.
The projects formed part of 19 newly-approved investments announced during a provincial investment promotion conference on 17 May. Total approved investment across all sectors amounted to VND66.95trn (US$2.58bn).
An Giang authorities said processing industries and industrial infrastructure remain priority sectors under the province’s long-term development strategy.
Chairman of the An Giang People’s Committee Ho Van Mung said the province would continue supporting investors through administrative assistance, land access and infrastructure development.
Handpicked stories, in your inbox
Our editors pick the top news delivered to your inbox. Sign-up today!