BTG Holdings called back to decide fate of $500 million project in VietnamSlovakia's BTG Holdings, the registered investor of a $500 million industrial park and related investment projects including a $116-million Budweiser brewery in the northern province of Hoa Binh, which is considered Asia’s biggest brewery, has disappeared since October 2017, leaving the project immobile. At that time, Zmajkovic said BTG Holdings’ investment projects within the Lac Thinh IP would draw the attention of other European investors who have expressed interest in building furniture, plastics, and ethanol factories in the park. BTG Holdings’ primary focus is on traditional energy, steam-gas cycles, combustion of biomass, small hydropower plants, and construction of breweries worldwide. Being the largest foreign-invested project in Hoa Binh at the time with a methodical investment plan, people expected to enjoy the plant’s products soon. According to the latest developments, the Hoa Binh Industrial Zones Management Authority has issued a document to call the investor back to resolve the long-delayed project.

Source: VietNamNet News March 28, 2018 06:56 UTC