The local Vietnam Construction & Import-Export Corp is currently gearing-up to build a new cement plant and associated facilities in the country. Construction plans under consideration call for building a factory with an installed production capacity of 2.3Mta of cement; grinding station with a capacity of 1.48 tpa of cement; limestone and clay quarry; deep sea ports capable of handling 15,000t vessels to be sited in Quang Ninh and another port in southern Ba Ria-Vung Tau province’s My Xuan Industrial Zone;
The cost to complete the project, within 42 months, has been estimated at about US$300m. Of this amount some US$115m will be provided by 5 Vietnamese banks, VINACONEX will contribute US$49,000 and another US$134m will be made up of foreign loans.
