A ground breaking ceremony for a wood processing plant funded by Laos was held in the central province of Ha Tinh on July 4.
Speaking at the ceremony, the Chairman of the provincial People’s Committee, Vo Kim Cu, said that the construction of the factory was just one of the activities marking the 50th anniversary of Vietnam-Laos diplomatic ties, 35 years of the signing of the Vietnam-Laos Friendship Treaty and Vietnam-Laos Friendship and Solidarity Year 2012.
The $50 million factory will be operated by Laos’ Phone Sack Group and is designed to have the capacity to process 180,000 cubic metres of wood annually.
Situated on a 30ha site in the Vung Ang Economic Zone, the factory will manufacture wood products such as floorboards, tables and desks with most of the raw materials imported from Laos, Myanmar, Indonesia and Malaysia.
The provincial leader asked the economic zone management board to create favourable conditions for the investor to ensure the work progresses.
Once operational in late 2013, the factory is expected to generate jobs for over 1,500 local people.