Binh Dinh Invest

Approving the investment policies and the investor of Ca Mau Fertilizer Factory project - Binh Dinh establishment

26/01/2024

Recently, the Economic Zone Administration of Binh Dinh province has decided to approve the investment policy and at the same time approve the investor for the Ca Mau Fertilizer Factory project - Binh Dinh establishment by Petrovietnam Camau Fertilizer Joint Stock Company is the investor.

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The project has a total investment capital of VND 119,970,013,000 with 100% capital contribution from the investor, carried out in Long My Industrial Park, Quy Nhon city, Binh Dinh province on an area of 29,755.4m2.

Accordingly, the goal of the project is to produce, mix and package fertilizers; to store and trade all kinds of fertilizers/fertilizer product materials. Regarding the scale of investment, production and mixing of NPK + TE fertilizers have a capacity of about 50,000 tons/year; packaging fertilizers has a capacity of about 50,000 tons/year; storing and trading fertilizers/fertilizer raw materials and products about 150,000 tons/year. The plan for constructing and putting the project into operation is from quarter I/2024 to quarter I/2025.

Ca Mau Fertilizer Factory Project - Binh Dinh establishment uses advanced technology, creating high-quality products, high productivity, and when going into operation, it will contribute to the development of agriculture and forestry, thereby creating jobs and income for local people, helping to promote the province's socio-economic development.

From the beginning of the year until now, Binh Dinh has attracted 8 new projects, including 5 projects outside the economic zone and industrial parks with a total registered capital of more than VND 1,558,755 billion and 3 projects in the economic zone, industrial parks with total capital value of more than VND 144 billion. It is the result of endless efforts in administrative reform and investment promotion in Binh Dinh province to achieve the goal of attracting 100 new investment projects in 2024.

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