The US$5 million pulp plant on a 3ha-site at the zone in Thanh Hoa Province, slated to come on stream by year’s-end, has a designed annual capacity of 400 tons of pulp in the first phase.

Located in Nghi Son District, the mill is expected to provide jobs for thousands of workers and a source of income for thousands of local forest growers.
A recent government decision is drawing foreign investment to the economic zone, specialized in that it has both tariff and non-tariff zones, includes an urban centre, industrial parks and covers port and logistics and tourism services as well as a residential area.
The operation of the non-tariff zone would comprise production, business, commerce and trade promotion services.
Investment projects in the economic zone can qualify for import tax exemptions for five years from the start of operation.
The construction of new pulp factories is encouraged, especially with domestic pulp production projected to rise to one million tons in 2010, which could cut Vietnam's reliance on foreign imports, according to the industry ministry.
Industrial figures show that Vietnam can currently produce close to 300,000 tons of pulp, while it has to import 600,000 to 700,000 tons of foreign product annually.
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