| $1 billion investment in manufacturing steel |
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3/19/2010 11:43:45 AM Mr. Pham Chi Cuong, Chairman of VN Steel Association (VSA), confirmed the information that Kobe Steel Group (Japan) is planning to invest in steel production plant projects worth $1 billion in Hoang Mai Industry Zone (Nghe An). According to Mr Cuong, Kobe Steel expects to produce 500,000 tons of steel for the first period, then increase to 1 million tons for the second period if the project is approved. Currenty the investor is arguing detailed technical documents for the project to the Ministry of Industry and Commerce for consideration after the appraisal has been through in terms of investment policy. |
| tuoitre.com.vn |