HOMEPAGE
Hot Properties
ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
Foreign investors still have good opportunities in Vietnam
Sierra Wireless gets a foot in Vietnam’s ICT market
INDOCHINA INTERNATIONAL CONSULTING CO., LTD
HO Add: 62L/36 Nguyên Hồng, Ward 11, Bình Thạnh District, HCMC - Vietnam
Biz Office Add: #48 Road No 11, Quarter 6, Hiệp Binh Chánh Ward, Thủ Đức, HCMC - Vietnam
®Source: http://viipip.com should be clearly quoted for any use of information extracted from our website.
Publication permit No: 60/GP-TTĐT , April 05, 2010.
Nippon Steel buys into steel venture
Date: 5/6/2009 8:51:07 AM
South Korea’s Posco, the world’s fourth largest steelmaker, has transferred a stake in Posco Vietnam Co., Ltd. to Japan’s Nippon Steel.
A source from the Ba Ria – Vung Tau Industrial Zone Authority (BIZA) told that Posco had informed BIZA of the transfer of the 15% stake to the Japanese firm. Procedures for the transfer have been finalized and registered with the authorities.
The international media earlier reported that Posco announced last October that Nippon Steel, the world’s number two steelmaker, would buy a stake of 10% to 20% in the steel project in the southern province of Ba Ria – Vung Tau.
Posco received an investment certificate in late 2006 for its steel project worth USD 1.13 billion in Phu My II Industrial Park in Tan Thanh District, some 80km southern of HCMC. The project will cover 130 hectares and produce hot-rolled and cold-rolled steel.
Work on the project stared in August 2007 with the first phase requiring a total of USD 361 million. The facility is expected to be operational in late 2009 with annual output of 7000,000 tons of cold-rolled steel.
Posco, which entered Vietnam in 1992 with three joint venture including a steel project, plans to produce three million tons of hot-rolled steel and 1.5 million tons of cold-rolled products, which will be supplied to both the local market and other Southeast Asian markets.
(Source:SGT)
Other news- Vietnam will become a destination for Chinese investors in the future (11/6/2023 1:03:19 PM)
- Thua Thien - Hue: Calling for investment (11/6/2023 1:00:42 PM)
- Hai Phong Planning to establish a series of industrial parks and economic zones (11/6/2023 12:58:13 PM)
- The Fastest Growing Economies In 2024 (11/6/2023 12:56:34 PM)
- Hai Phong reached the target of attracting FDI capital (10/17/2023 5:18:21 PM)
- Long An has 1,215 FDI projects with capital of 10,519 million USD (10/17/2023 8:40:41 AM)
- What do FDI enterprises recommend to the Vietnamese Government? (10/17/2023 8:38:33 AM)
- Vietnams 3 commitments to foreign businesses and investors (10/17/2023 8:35:45 AM)
- Up to now (2023), how much money have Asian tigers invested in Vietnam? (10/17/2023 8:31:59 AM)
- Another semiconductor manufacturer expands in Vietnam (10/17/2023 8:30:44 AM)
- Billions of dollars poured into Vietnamese semiconductor projects (10/17/2023 8:26:09 AM)
- Revealing the reason why Central region continuously invested by giants Foxconn, Goertek... (10/17/2023 8:24:49 AM)
- VIFTA: Vietnam-Israel Boulevard opened (8/28/2023 9:29:44 AM)
- Wistron announced to pour another 24.5 million USD into Vietnam to build a new factory. (8/28/2023 9:28:33 AM)
- Formulate policies to develop the logistics industry (8/28/2023 8:50:54 AM)
NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
