Formosa Group of Taiwan said it may invest US$12.47 billion to build an oil refining and petrochemical complex in Vietnam’s central province of Ha Tinh. The firm expects to build the complex in Son Duong area, Ky Anh district with an annual capacity of 16 million tons, Formosa said, giving no timetable. Formosa is speeding [...]
Taiwan-based Formosa Group will pour extra $7 billion to raise its investment in the Vung Ang Economic Zone from $16 billion to $23 billion, Ngo Quoc Hung, the group’s general director stated. According to Hung, the additional capital will consist of equity capital and loans from foreign banks but not from Vietnam’s banks. After preparing [...]
Taiwanese Formosa Group, investor of a mammoth Ha Tinh city steel project, has asked the Government for preferences. If the Government agrees, experts argue that it must also amend current laws. With total estimated investment capital of $16 billion, the Son Duong Steel Complex and Deep Water Seaport project in Vung Ang Economic Zone in [...]
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