China’s C&D Group plans $2 bln paper, pulp facility in central Vietnam
C&D Group of China, which ranks 85th on the Fortune Global 500, has proposed a $2 billion finished paper and pulp facility in Vietnam’s central province of Quang Binh.
The company presented its plan to local authorities during a working session on Wednesday. Accordingly, construction of the 400-hectare complex will be divided into three phases.
The company has conducted surveys at several locations in Quang Binh, including Cam Lien and Bang industrial parks in Le Thuy district, and the planned Quang Tien Industrial Park and Hon La Port in Quang Trach district to support the future project.
At a working session between China's C&D Group and Quang Binh province in central Vietnam, May 21, 2025. Photo by The Investor/Dinh Duy.
Quang Binh province's standing Vice Chairman Doan Ngoc Lam requested relevant agencies to provide further details on incentives related to paper and pulp production for the Chinese investor.
He assigned the provincial Economic Zone Authority to carry out zoning plans and develop infrastructure at the site selected by the investor, aiming to facilitate the project’s implementation in the near future.
Founded in 1980, C&D Group mainly operates in supply chain management, urban development and operation, tourism and exhibitions, healthcare, and investment in emerging industries.
The group generates annual revenue of about $117 billion and holds total assets worth $100 billion.
Its subsidiary Xiamen C&D Paper & Pulp Group, established in 1992, is a professional supply chain service provider of pulp and paper in China.
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