CTQ Cement JSC announced plans to spend VND1.25 trillion  (about US$78m) on a new cement factory.  
 
Construction, which tentatively begins later this year, is expected to be complete in 2009.  
 
The facility will produce about 910,000t of cement a year when fully operational.  
 
CTQ was established recently with VND300bn (US$18.8m) in equity by affiliated of Viet Nam National Coal and Mineral Industries Group.