This event marks a significant step forward in the company’s sustainable development strategy.
The project, spanning over 80,000 square meters in Lot CN-23, Minh Quan Industrial Park, Lao Cai Province, broke ground on April 5, 2025. With a projected capacity of 10 million units per year, the factory will focus on premium granite porcelain tiles, targeting 80% domestic consumption and 20% exports. Once fully operational, the project is expected to generate approximately VND 900 billion in annual revenue, with an estimated profit margin of 32%, positively contributing to the company’s mid-to-long-term growth.
Construction is progressing well, with land leveling and equipment installation underway. On-site images depict excavators and modern machinery in action, reflecting the thorough preparation for the production phase. The project aims for completion and commissioning in Q4 2026.
The contract signing with BIDV – My Dinh Branch on August 5, 2025, will strengthen the project’s financial backing, ensuring timely completion. This underscores the strong collaboration between Create Capital Vietnam and its financial partners.
Beyond its economic impetus, the project will create hundreds of local job opportunities and boost Vietnam’s construction materials industry. It is envisioned as a pivotal step in CRC’s aspiration to become a leading manufacturer of granite and porcelain tiles in Vietnam and the region.
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