CP Viet Nam to invest biggest project in Ben Tre

The CP Viet Nam Livestock Limited Company (CP Viet Nam Co. Ltd.), a 100% Thai-invested company, is ready for investment in what seems to be the biggest foreign direct investment project Ben Tre Province ever since the province started its campaign to call for investments from foreign as well as domestic business concerns, according to Mr Huynh Minh Tri, Chief of Ben Tre's Industrial Parks and Zones Authority.

Mr Tri said, CP Viet Nam would invest to build a factory of food for aqueculture, which is said to ha a capacity of up to 384,000 tons of product per annual. The factory is said to be set up in the An Hiep Industrial Zone in Chau Thanh District. The total investment capital for the factory is reported up to US$68 million (equal to VND1,100 billion)

At the moment, the company has submitted its application and the project documentation to the IPZA for consultation and assessment at related provincial departments. The company is waiting for a reply from the authorities.

If things go smoothly, the IPZA would deliver 5 hectares (out of 12 hectares) of leased land to CP Viet Nam by the end of October, so that the company could start its construction works in as soon as November this year. By June, 2008, it is planned, the company would install the factory's facilities and equipment. By August, 2008, the factory would be put into operation in the first phase, and then it would be forwarded to the second phase of operation.

Translated by An Chau

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