2/8/2017 7:21:46 AM

Vietnamese steel firm Hoa Phat Group received approval on Monday to build a steel complex worth 60 trillion dong ($2.7 billion), the company said in an online statement.

The complex in the central province of Quang Ngai is expected to take four years to build and to produce 4 million tonnes of steel products a year, it said.

 
Hoa Phat took over the project from Guang Lian Steel Vietnam, which has delayed the project for 10 years, the statement said.
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