The BGT Slovensko group is getting set to invest around EUR 378 million in the mountainous province of Hoa Binh in Vietnam, after signing a contract with local authorities yesterday.
The company will start work in May on a total of five projects at the Lac Thinh industrial park, with work spread out over three phases. The first phase should be complete by 2014 and generate 1000 local jobs.
According to VietnamPlus website, the projects consist of a factory producing thermal power turbines, a large brewery with an annual capacity of around 200 million litres, a heat-proof materials plant, a dairy products plant and a factory for producing solar panels.