Construction of Cheng Loong Binh Duong Paper Plant in southern province approved by PM.
Prime Minister Nguyen Tan Dung has approved the construction of the Cheng Loong Binh Duong Paper Plant, which will produce industrial packaging paper at the Singapore Ascendas - Protrade Industrial Park in southern Binh Duong province, with investment from the Cheng Loong Vietnam Paper Investment Co..
The large-scale project will contribute significantly to the local economy and community once opened. It is consistent with the overall planning for the province’s socioeconomic development to 2020 and towards 2025 under Decision No.893 / QD-TTg.
The factory is expected to produce 1 million tons of industrial paper per year and 50,000 tons of consumer paper per year.
The PM asked the investor of the Singapore Ascendas - Protrade Industrial Park to make adjustments and add paper production from recycled materials to the categories for attracting investment to the park under the Law on Environmental Protection.
He also requested the management board of provincial industrial parks issue Cheng Loong Vietnam an investment certificate, provide support, and supervise the implementation of the project to ensure it is conducted on schedule and meets environmental protection commitments.