Prime Minister launches construction of cement plant in Binh Phuoc

08:24 | 03/01/2017 Economy

Prime Minister, Nguyen Xuan Phuc attended a ground-breaking ceremony for the Minh Tam Cement Plant in the southern province of Binh Phuoc’s Hon Quan district on January 2. The project is invested by Thaigroup at a total cost of VND12 trillion (US$528 million) and an annual capacity of 4.5 million tonnes.

A ground-breaking ceremony for the Minh Tam cement project

Speaking at the ceremony, Prime Minister Phuc praised the investor for pouring investment into a remote area and using advanced German technology but noted that the plant should use natural resources in an effective and economical manner.

He also emphasised that in addition to economic development, the investor should pay attention to protecting the environment because the plant cannot bring about a better life if it affects the environment.

The government leader expected the investor to keep its promise of completing the project in less than 24 months.

During his visit to Binh Phuoc province, PM Phuc also visited a high-tech agriculture centre which covers 50 hectares in Dong Xoai town and was invested with VND100 billion (US$4.4 million).

According to provincial leaders, the establishment of the centre is the foundation to develop farming areas where advanced technology will be applied in future to increase the economic value of agricultural products.

The Prime Minister expected that the centre would work with scientists, cooperatives and enterprises to expand this model to other provinces and pledged that the government's ongoing support by refining policies to facilitate high-tech agriculture.

He also mentioned the VND60 trillion (US$2.6 billion) credit package which would be channelled through many banks to give agricultural investors easier access to capital.

Theo NDO