Vietnam's Prime Minister, Nguyen Xuan Phuc, has approved the investment in Thaicement's 4.5Mta Ha Tien plant in the Mekong delta province of Kien Giang as part of projects to be implemented during the 2011-20 period with a vision to 2030.
The PM assigned the Ministry of Construction and People’s Committee of Kien Giang province to conduct a survey and exploration of limestone and clay assessment and present to National Mineral Reserves Councils for approval before granting the investment licence. In addition, the new works is to use the latest equipment and technology considering energy savings, low dust emission levels and environmental protection as key criteria.
He also requested the relevant agencies to assess financial capacity of the investor under the government’s Decision 1488 on approving the master plan on development of Vietnam’s cement industry which requires that investor must have at least 20 per cent of the project’s total investment.
Vietnam boasts excellent limestone reserve, sufficient for the next 100 years and of high enough quality to support a growing export trade. Cement and clinker sales in the country are expected to rise 4-7 per cent to 75-77Mt in 2016, according to the Ministry of Construction.
