The expansion will cover 9.1ha in the Nhơn Hội Economic Zone and aims to boost production capacity for key product lines, targeting an output of 350,000 tonnes per year.
The Ministry of Industry and Trade (MoIT) has reported some positive signs in the handling of 12 major State-owned projects that have long reported losses, as some have managed to resume operations after suspensions or even record profits.
The central province of Quang Tri has licensed domestic firm Viet Quang Limited Company to build a stainless steel plant with total investment of US$60 million.
Ten out of 12 loss-making projects under the management of the Ministry of Industry and Trade (MoIT) have continued falling in the negative numbers, the ministry’s report said.
Prime Minister Nguyen Xuan Phuc has halted construction of the US$10.6-billion Hoa Sen Ca Na steel plant in south-central Ninh Thuan Province, while requiring more studies to be completed on the consumer demand and the environmental impact of the plant.
Hoa Sen Group will build a steel plant with a capacity of 16
million tonnes a year in the south-central province of Ninh Thuan at a
cost of US$10.6 billion.
JFE Group of Japan has announced it has cancelled its investment in the
US$3-billion Guang Lian steel plant project at Dung Quat Economic Zone
in central Quang Ngai Province.
Order has been restored in southern industrial parks and export
processing zones as most businesses in HCM City and neighbouring
provinces have resumed operations following riots led by extremists who
incited workers to violate security regulations, the vice chairwoman of a
provincial labour federation...
A cast iron and steel plant, built with Chinese investment and having a
capital of US$50 million, opened in the northern mountainous province of
Tuyen Quang on Monday.