On the afternoon of May 11, at Dinh Vu Industrial Park (Dinh Vu Industrial Park) in Dinh Vu - Cat Hai Economic Zone, Hai Phong City People's Committee and Ecovance Vietnam Co., Ltd. held the Groundbreaking Ceremony of the Material Manufacturing Factory project. ECOVANCE high-tech biodegradable material from investor Ecovance Co.Ltd (part of the Korean SK Group).
This project has a total investment of nearly 2.400 billion VND (equivalent to 100 million USD) and is expected to increase to nearly 11.900 billion VND (equivalent to 500 million USD) by 2030.
The goal of the project is to produce biodegradable plastic materials and products and related materials in the production of biological materials. According to the plan, the project will complete construction in June 6, test operation in July 2025 and official operation in September 7. ECOVANCE high-tech biodegradable materials factory is the first project of Korean SK Group in Vietnam, a unit specializing in the production of secondary batteries, semiconductor materials, production and sales. products from biodegradable plastic materials.
Previously, Hai Phong City and Korea SK Group signed a Memorandum of Understanding on cooperation in June 6 and was granted an Investment Registration Certificate by the Hai Phong Economic Zone Management Board on September 2023, 22.
