Following the agreement, the two companies will provide 10 lines of ready-mixed concrete and hot-mix asphalt, with a capacity of producing 60 to 360 cubic metres per hour, for the market in the central region and the whole country.

DA NANG (Biz Hub) — Ha Giang Phuoc Tuong mechanical company and South Korea's Young Seong company have signed a deal involving ready-mixed concrete and hot-mix asphalt production lines in Viet Nam, Laos, Cambodia and Myanmar.

It's the only deal that Young Seong has signed with a Vietnamese partner in Viet Nam.

Following the agreement, the two companies will provide 10 lines of ready-mixed concrete and hot-mix asphalt, with a capacity of producing 60 to 360 cubic metres per hour, for the market in the central region and the whole country.

Young Seong will help train the human resources of its Vietnamese partner as well as implement the full production line technology transfer within five or 10 years.

It's expected that the cooperation would bring US$2 million in revenue from domestic sales annually. — VNS