Attending the event were Nguyen Phi Long, alternate member of the Party Central Committee, Secretary of the provincial Party Committee; Bui Thi Minh, permanent Deputy Secretary of the provincial Party Committee, Chairwoman of the provincial People's Council; and Bui Duc Hinh, Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee.
The project, totaling more than 8 trillion VND (307.4 million USD), includes a factory with a total capacity of 2.16 million tonnes a year and a Boi River port with an annual capacity of 8.2 million tonnes, built on a total area of 158.4 hectares. According to the plan, its first phase, with a total investment of nearly 3.5 trillion VND and a capacity of 760,000 tonnes a year, will be inaugurated in July 2026, while the entire project will be completed in July 2027.
The investment in the lime and light powder production plant is a preparation for proactively providing about 1.5 million tonnes of input materials each year for Xuan Thien Group's green steel production complexes in Nam Dinh province and Chan May economic zone in Hue city.
Leaders of the provincial Party Committee and People's Committee present flower baskets to congratulate Xuan Thien Hoa Binh Company Limited on the project commencement.
Speaking at the groundbreaking ceremony, Quach Tat Liem, Vice Chairman of the provincial People's Committee, praised the initial efforts of the investor and related units to start the project as planned.
He affirmed that the project, once operational, will create more jobs and income for local people, increase revenue for the state budget; promote production and business sectors; contribute to the completion of socio-economic development goals as set in the Hoa Binh provincial Master Plan for the 2021-2030 period, with a vision to 2050, and Resolution of the 17th provincial Party Congress, creating momentum for the province's industrial development in the 2025-2030 period.
Liem requested departments, sectors, authorities of Lac Thuy district and Yen Bong commune, and local residents to facilitate the project implementation.