Invested by Dong-Il Corporation from the Republic of Korea (RoK), the US$52 million factory will cover an area of 12ha. It will have a capacity of producing 9,000 tonnes of products every year to export to Asian markets.— File Photo

DONG NAI (Biz Hub) — Construction on the first fibre factory in Viet Nam commenced on Tuesday in Loc An-Binh Son Industrial Park in Long Thanh district, the southern province of Dong Nai.

Invested by Dong-Il Corporation from the Republic of Korea (RoK), the US$52 million factory will cover an area of 12ha. It will have a capacity of producing 9,000 tonnes of products every year to export to Asian markets.

Constructed by Posco E&C Viet Nam, the facility is expected to be completed by 2015, employing hundreds of workers.

According to Phan Thi My Thanh, Vice Chairwoman of the provincial People's Committee, Dong Nai has 35 industrial parks located in a combined area of nearly 10,000 ha. The province is currently hosting over 1,100 foreign – invested projects totalling $20.6 billion, she said. The RoK remains the second largest investor in Dong Nai with 276 projects worth $4 billion, added the official.— VNS