C&D Group plans to invest $2 billion in pulp and finished paper facility in Quang Binh

At a meeting with provincial leaders on May 21, a representative of C&D stated that the group is committed to planning, researching, and investing in the production and business of pulp and finished paper products, with a total investment of $2 billion covering 400 hectares. The construction will be divided into three phases.

The Chinese business delegation has conducted field surveys of infrastructure at several industrial parks (IP), including Cam Lien IP, Bang IP, and the planned IP in Quang Trach district, and visited Hon La Port.

Established in 1980, C&D Group primarily operates in the fields of supply chain management, urban construction and operations, tourism and exhibitions, healthcare, and investment in emerging industries. The group generates annual revenue of approximately $117 billion and has total assets of $100 billion.

The group also has a subsidiary, Xiamen C&D Paper & Pulp Group, established in 1992, which is a professional operator of pulp and paper supply chains in China.

During the first quarter of 2025, Quang Binh organised various investment promotions and granted investment policy decisions to numerous projects spanning different sectors. The province has also directed investors to allocate resources to accelerate the construction progress of several projects, particularly those identified as key initiatives.

Key projects include the Quang Trach thermal power plant the Khe Net railway upgrade, a passenger terminal and aircraft apron expansion at Dong Hoi Airport, Component Project 2 - Nhat Le 3 Bridge and connecting roads as part of the Coastal Road and Nhat Le 3 Bridge, and Component Project 1 - coastal road.

Due to concerns about environmental pollution, the Haiphong Party Committee decided to withdraw its announcement related to the Haiphong People’s Committee’s support to Nine Dragons Paper (Holdings) Limited to develop a $800 million paper and pulp mill complex South Dinh Vu Industrial Zone.

Vietnam Paper Corporation (Vinapaco) is seeking approval to apply a 10 per cent discount at any of a number of auctions of Phuong Nam pulp mill to increase the chance of a sale.

The failure of auctioning Phuong Nam Pulp Mill, along with numerous issues of equitisation and struggling divestment from other businesses, is interrupting Vinapaco (Vietnam Paper Corporation)’s restructuring project.

As of the end of 2018, the government had to advance EUR82.6 million ($97 million) to help Vinapco pay off the debts of Phuong Nam Pulp Mill, with plans for the Ministry of Industry and Trade (MoIT) and Vinapco to sell the project and then repay the government loan – which has not happened yet.

Deputy Prime Minister Vuong Dinh Hue agrees 12 loss-making State-funded enterprises may bring their conflicts with contractors to arbitrators if those conflicts are not resolved by the end of this year.

Many pulp and paper manufacturers are continuing to seek effective tools for greenhouse gas inventories and going green.