Ba Ria-Vung Tau (VNA)- Construction of a heavy industry factory at a cost of 450 billion VND started in the oil-field province of Ba Ria-Vung Tau on April 29 with full investment from the Vina-Halla Company Ltd of the Republic of Korea .
Vina-Halla company CEO Shon Ho Yong said the factory has a design annual capacity of producing 85,000 tonnes of industrial fans, 5,000 tonnes of pressure bottles and 10 units of heavy cranes all made of steel.
The project will also manufacture incinerators to deal with steel wastes, steel facilities for environmental protection and liquid waste treatment and other machines and steel equipment for cement, energy and steel-rolling factories.
Its products will be largely exported to Asian countries, said the RoK factory chief executive.
The factory is scheduled to become operational in the next four months with a licensed operation term of 40 years and provide jobs for 500 workers.--Enditem
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