The US-invested TBC/Ball Beverage Can Vietnam Limited on June 12 began construction of a beer and beverage can plant worth 975 billion VND (roughly 50 million USD) in the southern province of Binh Duong .

With a designed capacity of 850 million cans each year, the eight-ha plant in Vietnam-Singapore Industrial Park II (VSIP II) is expected to become the main supplier for many foreign-invested companies in Vietnam , including PepsiCo Vietnam Company. It is scheduled to be put into operation in 2012.

The project is in accordance with the Government’s policies that encourage materials and components production in a bid to meet industrial demands and lure more foreign investment, according to the Binh Duong People’s Committee.

VSIP II has attracted the largest amount of foreign investment in the province with 32 projects, of which 12 have received licences at a total registered capital of 220 million USD./.