Binh Dinh, June 9 -- Authorities in the south central province of Binh Dinh have officially granted an investment registration certificate to Sweden's SYRE IMPACT AB for a large-scale polyester recycling and production complex valued at around 1 billion USD.

The project will be located in Nhon Hoi Industrial Park (Zone A), spanning nearly 29 hectares. Once operational by 2029, the complex is expected to produce between 100,000 and 250,000 tonnes of PET pellets a year.

According to the Binh Dinh provincial Investment Promotion Centre, the investment licence will be presented to the investor at the upcoming Vietnam-Sweden Business Forum in Sweden, which is expected to be attended by Vietnamese Prime Minister Pham Minh Chinh. The move is p...