The huge potential market is mainly driven by large investments and favourable tax policies, but the business picture in the third quarter of 2022 of these enterprises is facing many challenges with large losses.
The Son Duong deep-water port in Ha Tinh Province is expected receive 28 million tonnes of cargo from roughly 1,513 ships in 2019, according to the Formosa Ha Tinh Company.
The Ministry of Finance has transferred VND3 trillion (US$134 million)
to four coastal central provinces of Ha Tinh, Quang Binh, Quang Tri and
Thua Thien Hue where fish died en mass due to environmental pollution in
April.
The Government has announced how compensation will be paid to people
affected by the toxic discharge by a steel plant owned by Taiwanese firm
Hung Nghiep Formosa Ha Tinh Steel Corporation that caused Viet Nam''s
biggest ever environmental disaster along the central coast.
Chairman of the Government Office Mai Tien Dung yesterday announced that
the Taiwanese Hung Nghiep Formosa Ha Tinh Steel Corporation was
responsible for the massive fish deaths in several central Vietnamese
provinces in the past few months.
The Planning and Investment Ministry recently sent a document to the Government Office, saying that it disagreed with a proposal to set up the Vung Ang special steel economic region.
Taiwan''s Hung Nghiep Formosa Ha Tinh Steel Limited Company, a subsidiary
of Formosa Plastics Group, has offered its services in setting up the
government-managed Vung Ang special steel economic region.
The Government has agreed to offer import tax incentives to the Formosa
Ha Tinh Steel Project to the most favourable conditions for the
project''s implementation.