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Vietnam's giant cement plant under construction

HANOI - Construction of northeastern Vietnam's largest cement plant began in the mountainous province of Yen Bai on Sunday.

The Yen Binh cement plant, which is designed to produce 910,000 tonnes of cement per annum, will cost the Yen Bai Cement Joint Stock Co VND1.16 trillion (US$73.8 million).

Company president Phi Thai Binh said the plant will be equipped with overseas technology and is scheduled to start operating in December 2005, generating 600 jobs.

At Sunday's ground-breaking ceremony, Deputy Prime Minister Nguyen Tan Dung asked the company to strive for high-quality construction while not exceeding its budget.

Dung urged provincial administrators to ensure resettlements for a yet-to-be-determined number of households displaced by the new plant, with plans to finish a new residential area before the plant's completion.

The deputy prime minister held working sessions with Yen Bai leaders, where he praised the province's socio-economic achievements but pointed to problems with unemployment.

During his visit to Yen Bai, Dung also inspected the Van Phu bridge construction site, Thac Ba hydroelectric power plant and Hoang Lien Son Technical China Joint Stock Co.

Meanwhile, the Vietnam Cement Corp said it would invest more than VND3 trillion ($191 million), double last year's expenditure, to put the Tam Diep and Hai Phong cement plants into operation over the next two years. Construction of these plants had stagnated due to design changes and rising steel prices.

After the corporation's discussions with investors, the Hai Phong plant will focus on installing a 110-kilovolt electricity line, production lines and warehouses. The Tam Diep plant should conduct a trial run late this year.

The corporation would also continue building the Hoang Thach 3, Binh Phuoc, But Son 2 and Ha Tien 2-2 cement factories.

(Asia Pulse/VNA)


Mar 5, 2004


 
         
         
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