Guang Lian Dung Quat Steel Project | Vietnam Business News

Delay jockeying could prove billion-dollar Guang Lian steel project as white elephant

Big questions hang over the long-delayed giant Guang Lian steel complex and the Vietnam Steel Association (VSA) has sent a letter to prime minister Nguyen Tan Dung opposing a proposal to raise production capacity at the $3 billion project in central Quang Ngai province’s Dung Quat Economic Zone. The VSA claimed the capacity adjustment “is [...]

Aug 4 2010 | Posted in Steel | Read More »

$4.5 billion steel investment sparks MOIT-VSA debate

The Ministry of Industry and Trade (MOIT) has allowed investors to increase the investment capital of Guang Lian Dung Quat steel project to $4.5 billion, thus raising the capacity to seven million tons per annum. The Vietnam Steel Association (VSA) has expressed its concern about the feasibility of the project. In a reaction to the [...]