Baosteel takes can-do attitude to Vietnam

SHANGHAI - Shanghai Baosteel Group Corp, the world's second-largest steelmaker by output, is planning to set up a beverage can factory in Vietnam, in a move to utilize increasing industry demand in the country.

The factory will be located in the Singapore Industrial Park, 18 kilometers from Vietnam's capital, Hanoi. Baosteel has already booked a plot of land in the park, a senior manager at the steelmaker's packaging unit told China Daily on Tuesday.

Two-piece steel beverage cans made at the factory, Baosteel's first outside China, will be sold in southern Vietnam and southeastern Asian countries, including Thailand, said the manager, who declined to be named because the matter has not been made public.