A ground breaking ceremony for a wood processing plant funded by Laos was held in the central province of Ha Tinh on July 4.
The US$50 million facility will be operated by Laos’ Phone Sack Group and is designed to have a capacity of processing 180,000 m3 of wood annually.
Situated on a 30 ha site in the Vung Ang Economic Zone, the factory will manufacture wood products such as floorboards, tables and desks with most of the raw materials imported from Laos, Myanmar, Indonesia and Malaysia.
Once operational in late 2013, the factory is expected to generate jobs for over 1,500 local people.