|Delegates attend the plant’s ground-breaking ceremony. - Photo thuonghieucongluan.com.vn|Viet Nam News
BÀ RỊA – VŨNG TÀU — Marubeni Group from Japan on Thursday kicked off construction on its new paperboard mill project, worth VNĐ4.81 trillion (US$206 million), in the southern province of Bà Rịa – Vũng Tàu.
Spanning 15ha in Phú Mỹ 3 Industrial Zone (IZ), the plant has a designed production capacity of 400.000 tonnes of products annually, thuonghieucongluan.com.vn reported.
The plant is slated for completion in November 2020, the news website said.
Head of Bả Rịa-Vũng Tàu IZs Authority Nguyễn Anh Triết said he hoped that the plant would make effective contributions to fostering not only provincial socio-economic development, creating more local jobs, but also the growth of the nation’s paper production industry once it comes into operation.
Local authorities will create the most favourable condition for the investor in implementing its project, Triết said.
Marubeni is one of the largest general trading enterprises in Japan. The group specialises in a wide variety of sectors including food, consumer goods, chemicals, forestry products, energy, machinery and transport, electricity and paper production.
Bà Rịa – Vũng Tàu has to date attracted 351 foreign-invested projects with total registered capital of about $27.18 billion. Among 27 countries and territories investing in the province, Japan ranked fifth with 31 projects, valued at $2.25 billion. — VNS