Vietnamese Pulp and Paper Industry Expects $1.85 Billion Investment Thru 2010
Oct. 26, 2006 - The Viet Nam Paper Association has estimated that about US $1.85 billion will be invested in expanding and building paper and pulp mills between 2006-2010. The investment would increase the region's output capacity to more than 1 million tonnes of pulp and nearly 2 million tonnes of paper per year, the Association said.
The Vietnamese paper industry intends to focus on large-scale pulp mills with advanced technologies and modern equipment that meet economic and environment protection standards.
According to the association, in order to mobilize the required capital from all economic sectors, especially from foreign direct investment, enterprises in the industry need to promptly restructure and turn to joint stock or joint-venture companies.
It is estimated that US $710 million will be needed for expansion projects at existing mills, while around US $1.15 billion would be earmarked for new construction.
SOURCE: Vietnam Agency