Thanh Hoa’s provincial People’s Committee recently approved in Decision 1625/QD-UBND the investment policy and investor for the staBOO Thanh Hoa OSB Bamboo Panel Production Factory Project in Thiet Ong commune, Ba Thuoc district.
According to the Ba Thuoc District Electronic Information Portal, Ba Thuoc is a mountainous district in Thanh Hoa province, the district center is about 120 km northwest of Thanh Hoa city, with a natural area of 7.522,02 ha, including 22 communes and 1 town. As a mountainous district, the district’s terrain is diverse and complex, with 3/4 of its area being hills and mountains, and it is heavily divided by a system of rivers and streams, which makes it difficult for the locality to develop its economy and society.
It is known that this is one of the largest projects in Ba Thuoc. Thanks to its good investment promotion, Ba Thuoc district has welcomed many investors with large projects in the past year, which has contributed to creating jobs for thousands of local workers.
It is known that this project belongs to staBOO Thanh Hoa JSC, which is located at Km82 National Highway 15A, Thiet Ong commune, Ba Thuoc district. The project aims to build a bamboo panel production factory with a project area of 260.784 m2 in two phases. In which, the investment capital for phase 1 is about 3,196 billion VND, and the investment capital for phase 2 is about 2,651 billion VND. The investor’s contributed capital is 506 billion VND (15.8% of the total investment capital), and the borrowed capital is 2,693 billion VND (84.2% of the total investment capital). The project is expected to have a capacity of 225,000 m3 of products per year, consume 1,000-2,000 tons of bamboo per day, and create more than 3,000 jobs.
Accordingly, the project will be divided into 2 phases. Phase 1 of the project will build a bamboo shredding house, a crushing house, a dry grinding house, a boiler area, boiler accessories, a production workshop and distribution room, input transformer substation, finished product pit, biomass warehouse, sawdust warehouse, large bamboo storage, small bamboo storage, surface finishing workshop, production auxiliary house, water pump station, water tank, wastewater treatment area, weighing house, physical house, security house, etc. Phase 2 of the project will build a guardhouse and related technical infrastructure and auxiliary items.
This project is eligible for investment incentives and support in accordance with current legal regulations if the investor implements the project in accordance with the registration dossier and meets all the conditions as prescribed. Thanh Hoa provincial People’s Committee assigns relevant departments, branches, and localities to actively support businesses in completing investment procedures so that the project can be implemented soon.
Previously, in January 2024, on the occasion of attending the WEF Davos 2024 Conference in Switzerland, Prime Minister Pham Minh Chinh met with and received leaders of several large corporations and enterprises to promote investment in Vietnam, including leaders of staBOO Holdings AG – a subsidiary of BARD AG, specializing in researching, developing and manufacturing high-end furniture products.
Accordingly, at the meeting, Mr. Marcus Bards, Chairman of the Board of Directors of staBOO Holdings AG and his associates highly appreciated the investment environment in Vietnam. According to him, Vietnam has great potential for developing the furniture industry, especially from bamboo and rattan. Therefore, staBOO Holdings AG wishes to invest long-term in Vietnam and will use modern technology to reduce carbon emissions, meet Vietnam’s sustainable green development requirements, and bring Vietnamese bamboo and rattan products to the world.
