Home Economy

Central province opens cinnamon oil plant

May 20th at 14:32
20-05-2015 14:32:32+07:00

Central province opens cinnamon oil plant

The central province has put into operation a cinnamon essential oil plant for export in Tra Bong district on a total investment of VND69 billion (US$3.3 million).

The plant will produce 80 tonnes of cinnamon oil per year for domestic markets as well as exports.

The plant will process 10,000 tonnes of cinnamon leaves and branches to make cinnamon oil, material for bio-fertilizers, and for incense production.

The province, the second largest region cultivating cinnamon, has 7,000 hectares of cinnamon plantation while Tra Bong district is famous for cinnamon trade in Viet Nam.

Cinnamon is an important plant for ethnic Cor group.

bizhub

MOST READ

NEWS SAME CATEGORY

Vietnamese exporters need to plan for FTA lawsuit liability
ECONOMY May 20th at 14:30

Vietnamese exporters need to plan for FTA lawsuit liability

New free trade agreements (FTA) will help Vietnamese companies improve access to markets and diminish costs, but they will also require strategies and policies to...

Vietnam Exhibition Hall built for Milan Expo 2015
ECONOMY May 20th at 14:28

Vietnam Exhibition Hall built for Milan Expo 2015

Vo Trong Nghia Architects have designed and built the Vietnam Pavillion for Milan Expo 2015, which runs from May 1 to October 31 in Italy.

Samsung begins work on $1.4b complex in City
ECONOMY May 20th at 14:22

Samsung begins work on $1.4b complex in City

Samsung Electronics broke ground for its consumer electronics complex at the Sai Gon Hi-tech Park in HCM City's District 9 yesterday.

S Korea to approve trade deal
ECONOMY May 20th at 14:18

S Korea to approve trade deal

South Korea's National Assembly will ratify the Viet Nam – South Korea Free Trade Agreement to complete the necessary legal corridor, accelerating investment and...

Relocation woes haunt healthcare complex
ECONOMY May 19th at 16:12

Relocation woes haunt healthcare complex

Despite initial plans to begin operations in 2016, the $198 million Phuong Dong Health Care Complex is still facing difficulties in land clearance and compensation...

Samsung ramps up Vietnam operations to sharpen competitiveness of smartphones
ECONOMY May 19th at 16:07

Samsung ramps up Vietnam operations to sharpen competitiveness of smartphones

South Korean electronics conglomerate Samsung has decided to beef up its operations in Vietnam in an effort to increase the competiveness of its smartphones in the...

Vietnam prepares to tee off national golf course plan
ECONOMY May 19th at 15:59

Vietnam prepares to tee off national golf course plan

As golf has become an increasingly attractive sport here, as well as a lucrative component within the country's tourism industry, many foreign and domestic...

Start-up branding vital to success
ECONOMY May 19th at 15:37

Start-up branding vital to success

Branding is one of the things start-ups should plan for before launch, a conference heard in HCM City last Friday.

Fuel stabilisation fund hits $129m during first quarter
ECONOMY May 19th at 15:24

Fuel stabilisation fund hits $129m during first quarter

The fuel price stabilisation fund balance rose to nearly VND2.8 trillion (US$129 million) during the first quarter of this year.

Ministry takes control of statistics for non-State groups
ECONOMY May 19th at 15:19

Ministry takes control of statistics for non-State groups

The Ministry of Planning and Investment in a draft amendment to the Law on Statistics, for the first time, regulated the statistics operations of non State-owned...

Read More

MOST READ

Back To Top