The Viet Nam Steel Association (VSA) recently asked relevant ministries
and sectors to revoke the licences of nearly 30 steel projects that have
not implemented production technology standards.
Investors in several steel projects in industrial parks in the southern
province of Ba Ria-Vung Tau have withdrawn their investment
applications due to insufficient capital, according to the the
province''s Industrial Park Authority.
The steel industry was struggling to get loans for projects to build new
factories and upgrade existing facilities due to investor caution, said
an official from the Viet Nam Steel Association (VSA).
