Deputy Prime Minister Tran Luu Quang on May 11 attended a ground-breaking ceremony for a high-tech biodegradable materials factory, a trillion-VND project by Ecovance Co. Ltd under the Republic of Korea’s SK Group, at the Dinh Vu industrial park in the northern port city of Hai Phong. The project has an initial investment of over 2.3 trillion VND (90.3 million USD), and the figure is expected to increase to more than 11.8 trillion VND by 2030. Construction is expected to be complete in June 2025, and the factory will be officially put into operation in September 2025 after a trial operation in July.
Source: Vietnam News Agency