On December 13, according to a source from Lao Dong Newspaper, the People's Committee of Phu Tho province has just approved the adjustment of the investment policy, and at the same time approved the investor to implement the Phuc Loc Wood Factory Project in Cao Duong commune, an area bordering Hanoi.
The project is invested by Phuc Loc Brick Joint Stock Company, with a total capital of more than 102.8 billion VND, deployed on an area of nearly 3.7 hectares, with a designed capacity of 50,000 m3 of products/year. The factory specializes in the production of industrial wood pressure boards, serving domestic and export needs.
According to the plan, the project will complete site clearance and legal procedures in 2026, carry out construction from 20262028, and put into operation from October 2028.
When put into operation, the factory is expected to contribute to promoting the development of the wood processing industry, creating jobs for local workers and increasing budget revenue for Phu Tho province, especially in the area bordering Hanoi.
