The Slovakian BTG Holding Group has begun work on a 100 million euro (US$136 million) beer factory and thermal power plant in Hoa Binh province's Lac Thinh Industrial Park.— Photo vnexpress

HOA BINH (Biz Hub) — The Slovakian BTG Holding Group has begun work on a 100 million euro (US$136 million) beer factory and thermal power plant in Hoa Binh province's Lac Thinh Industrial Park.

The park, in Yen Thuy district, covers 220ha and has attracted total investments exceeding 45 million euro. Its modern, high quality infrastructure includes a hotel, accommodation for managers and workers, customs and banking agencies, post offices, sports and recreational facilities, and medical centres. Its first two licensed projects are BTG Holding Group's Slovak beer factory and thermal power plant.

The EUR86 million beer factory will produce 190 million litres a year of Budweiser Budvar. The factory will be Slovakia's biggest in Asia and will export its products to South Korea, Japan, and China. The factory is expected to begin operations in November 2015 and generate 2,000 jobs.—VNS