Hung Yen December 1 (VNA) - Sumitomo Osaka Cement Co Ltd (SOC) cut the ribbon on its first battery material plant in Yen My district, northern Hung Yen province on November 30.
Hung Yen December 1 (VNA) - Sumitomo Osaka Cement Co Ltd (SOC) cut theribbon on its first battery material plant in Yen My district, northernHung Yen province on November 30.
The 5 billionJPY (62.5 million USD) plant is specialised in manufacturing cathodematerials for lithium ion batteries, an essential material in the energyrevolution.
"The new plant in Vietnam willprovide a solid foundation to expand our lithium-ion battery cathodematerial business throughout the region and wider world," said GeneralDirector of SOC Vietnam Yoshihiko Sumitani.
Located in a 56,000 sq.m. plot in the Thang Long Industrial Park II, theplant is designed to produce 2,000 tonnes of product per year. Theproductivity could be increased to 10,000 tonnes per year, depending onmarket demands- VNA
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
