Wood manufacturing workshop of Phu Tai Joint Stock Company 

Of the four projects approved, one project is a manufacturing factory of products from cement and the other three projects are all wood processing factories. Specifically:

 - Hue Tai Ltd. Company has registered to invest in a manufacturing factory of products from cement at Lot D3, Tay Xuan industrial cluster, Phu An village, Tay Xuan commune, Tay Son district. The factory is going to  be built on an area of 6,811 m2, capital of VND 5.7 billion. The project objectives are to produce unburnt colored tiles with a capacity of 1,000,000 tiles/year, encaustic cement tiles with a capacity of 100,000 tiles/year. According to the registration, the project construction will be started in August 2021 and in May 2022, the factory will go into production. 

- Tay Phu Production and Trading Ltd. Company has registered to make investment in a forest product processing and manufacturing factory at Go Cay industrial cluster, Binh Thanh commune, Tay Son district. The factory is going to be built on an area of 23,323.7 m2; with investment capital of VND 9.3 billion. The project’s objective is to produce indoor wooden furniture with a capacity of 2,200 m3 of finished wood/ year. The project implementation duration is from May 2021 to January 2022.

- Luu Gia Bao Ltd. Company has registered to invest in a forest product processing and manufacturing factory at Lot C3-C4, Tay Xuan industrial cluster, Tay Xuan commune, Tay Son district. The factory will cover an area of 16,075 m2; with a capital of VND 11 billion. The project’s objective is to produce veneer and finger-joint board with a capacity of 3,000 m3/year. The project will be built from quarter II/2021 and go into operation in quarter II/2022. 

- Vuong - Nhat - Quan Ltd. Company’s project is a forest product processing factory in Go Bui industrial cluster, An Lao town, An Lao district. The factory will be built on an area of 8,505.9 m2 with investment capital of VND 3 billion. The project aims to produce split wood with a capacity of 2,000 m3 of wood/year. The project will be built from quarter II/2021 and go into operation in quarter IV/2021. 

According to the Report of Binh Dinh Timber and Forest Products Association (FPA Binh Dinh): In 2020, despite many difficulties, the industry's export turnover reached USD 540 million, increasing 14% compared to 2019 and accounting for 51% of the total export value of the province. In the period of 2021-2024, FPA Binh Dinh is determined to promote the development of a sustainable wood processing industry with the brand "Binh Dinh Wood Furniture". Specifically, in 2021, Binh Dinh wood industry strives to achieve an export turnover value of USD 595 million, an increase of more than 10% compared to 2020; and by 2024, the total export turnover of wood and wood products will be approximately USD 790 million.