Central Vietnam province okays Swiss-invested $126 mln bamboo board factory
Vietnam’s central province of Thanh Hoa has given an in-principle nod for staBoo Thanh Hoa JSC to invest VND3,199 billion ($126 million) in a factory for manufacturing bamboo oriented strand board (bamboo OSB).
Bamboo for processing in Thanh Hoa province, central Vietnam. Photo courtesy of Dan Tri (People's Intellect) newspaper.
The factory, named OSB staBOO Thanh Hoa, is set to cover 26.1 hectares in Ba Thuoc district, including 25.9 hectares in the first phase and another 2.1 hectares in the second phase.
The investor has been asked to complete further administrative procedures in the next 12 months to progress the project, according to a document issued earlier this week by the provincial authorities.
After the land is delivered, the firm has been instructed to complete the factory within 24 months for the first phase and four months for the second phase.
The factory will have an annual capacity of 225,000 cubic meters of chipboard panels and OSB plywood. It will use 1,000-2,000 tons of bamboo daily, and employ 3,000 people.
In January 2024, staBOO Holdings AG, under Swiss firm BARD AG, and Vietnamese partner Sao Thai Duong Investment JSC signed a memorandum of understanding to build the OSB factory in Thanh Hoa. The signing took place on the sidelines of Prime Minister Pham Minh Chinh’s attendance at the World Economic Forum (WEF) in Davos, Switzerland.
- Related News
- Read More
Samsung Thai Nguyen, TTC solar plant become first participants in Vietnam's direct power purchase mechanism
Samsung Electronics Vietnam Thai Nguyen (SEVT) and TTC Duc Hue 2 Solar Power Plant have become the first entities to operate under Vietnam's direct power purchase agreement (DPPA) mechanism through the national grid from June 1.
Companies - Mon, June 1, 2026 | 3:40 pm GMT+7
Aboitiz Foods, Grab seek to expand investments in green agriculture, digital economy in Vietnam
Philippine food and agribusiness group Aboitiz Foods and Southeast Asian technology company Grab are seeking to expand their investments and partnerships in Vietnam in areas including energy, agriculture-food, digital transformation, smart cities, and green transportation.
Economy - Mon, June 1, 2026 | 12:23 pm GMT+7
HCMC metro stations await commercial ecosystem despite growing ridership
More than a year after the launch of its first metro line, Ho Chi Minh City is still working to develop the commercial economic ecosystem that has underpinned the success of urban rail networks in cities like Tokyo and Hong Kong.
Economy - Mon, June 1, 2026 | 12:12 pm GMT+7
Dai Quang Minh proposes $266 mln shipping channel project in central Vietnam hub Danang
Authorities in the central Vietnam city of Danang have granted in-principle approval for the nearly VND7 trillion ($266 million) Cua Lo shipping channel project, under a build-transfer (BT) model.
Infrastructure - Mon, June 1, 2026 | 8:23 am GMT+7
Singapore's leading firms seek to expand investments in Vietnam
Leading Singaporean companies, including CapitaLand, Sembcorp, SATS, SEA Limited, Keppel and UOB, have expressed interest in expanding investments in Vietnam across sectors ranging from green urban development and industrial real estate to logistics, data centers, digital finance and next-generation industrial parks.
Economy - Sun, May 31, 2026 | 8:23 pm GMT+7
Vietnam steelmaker Ton Dong A eyes Q3 mainboard listing, bond issuance for expansion drive
Ton Dong A Corporation (UPCoM: GDA), one of Vietnam's leading galvanized steel manufacturers, has unveiled plans for a mainboard listing on the Ho Chi Minh Stock Exchange (HoSE) alongside a multi-factory expansion strategy to capture high-value industrial manufacturing segments.
Companies - Sun, May 31, 2026 | 2:20 pm GMT+7
PTSC plans capital hike to $233 mln through stock dividend issue
PetroVietnam Technical Services Corporation (PTSC), a unit of state-owned energy group Petrovietnam, plans to raise its charter capital to more than VND6.14 trillion ($233 million) through a stock dividend issuance to strengthen its financial position and support a pipeline of major oil, gas and renewable energy projects.
Companies - Sun, May 31, 2026 | 8:26 am GMT+7
Vietnam's real estate developer Novaland seeks creditor waiver on $300 mln offshore bond
Embattled Vietnamese property developer Novaland (HoSE: NVL) is seeking a waiver on upcoming payment obligations for its $300 million international bond package, as the company pushes to restructure its offshore debts.
Companies - Sun, May 31, 2026 | 7:54 am GMT+7
Vietnam competition watchdog intervenes, Shopee delays new fee policy
Shopee has postponed the rollout of a new fee policy under its "Visibility Maintenance Program" after Vietnam's competition regulator raised concerns over its impact on sellers and market competition.
Companies - Sat, May 30, 2026 | 10:31 pm GMT+7
International media highlight Vietnamese top leader's keynote address at Shangri-La Dialogue
The keynote policy address delivered by Vietnam's Party General Secretary and President To Lam at the opening session of the 23rd Shangri-La Dialogue in Singapore on Friday has drawn wide attention from international media outlets and observers.
Politics - Sat, May 30, 2026 | 10:09 pm GMT+7
Vietnam, Singapore expand VSIP network, deepen next-generation economic cooperation
Vietnam and Singapore have agreed to deepen economic cooperation and expand the Vietnam-Singapore Industrial Park (VSIP) network, with five new VSIP projects receiving investment certificates during a state visit by Vietnam's top leader To Lam to Singapore.
Economy - Sat, May 30, 2026 | 9:49 pm GMT+7
Japan conglomerate Mitani Sangyo eyes agricultural processing investment in central Vietnam
Mitani Sangyo Co., a diversified trading and manufacturing group with nearly a century of history, is exploring agricultural processing opportunities in Dak Lak province, central Vietnam as part of efforts to promote deeper value-added production and a circular economy.
Industries - Sat, May 30, 2026 | 2:52 pm GMT+7
FPT signs six AI transformation partnerships with major Thai, Singaporean groups
Vietnam's leading technology company FPT has signed six strategic agreements on AI and digital transformation with leading corporations in Thailand and Singapore across the agriculture-food, manufacturing, banking, energy, logistics and ground-handling sectors.
Companies - Sat, May 30, 2026 | 10:26 am GMT+7
Rubber prices surge, Vietnamese producers remain cautious on new upcycle
Global natural rubber prices have climbed back to peaks last seen in 2017 as seasonal supply shortages and rising stockpiling demand tighten the market, but most Vietnamese rubber producers remain cautious about prospects for a sustained upcycle in 2026.
Companies - Sat, May 30, 2026 | 8:17 am GMT+7
SHB charts path toward becoming next-generation national-scale bank
Saigon-Hanoi Commercial Joint Stock Bank (SHB) is positioning itself as a “next-generation national-scale bank,” a strategy that reflects its ambition to expand beyond traditional banking and play a broader role in Vietnam’s economic development.
Banking - Fri, May 29, 2026 | 7:50 pm GMT+7
Vietnam’s mid-sized lender OCB names tech veteran Chris Shayan acting CEO
Orient Commercial Joint Stock Bank (HoSE: OCB) has appointed foreign AI and financial technology expert Chris Shayan as its new acting CEO, effective June 1, 2026.
Banking - Fri, May 29, 2026 | 6:05 pm GMT+7
