KUALA LUMPUR, Malaysia (AP) - Khan Hoi Glass Factory of Vietnam and Malaya Glass

will set up a U.S. $22.4 million glass manufacturing factory in Vietnam, officials

said Jan. 22.

The Malaysian company will own 70 percent and the Vietnamese government 30 percent

of the plant near Ho Chi Minh City that will produce 50,000 tons of glass containers

annually, Commerce International Bankers Ltd. said in a statement.

The glass manufactured by the joint venture called Malaya-Vietnam Glass will be sold

in Vietnam as well as exported.