The management board of Vung Ang Economic Zone in the central province of Ha Tinh handed over last Friday 3,300 ha of land and sea surface to Taiwan’s Formosa Group, investor in a US$16billion industrial complex. The project includes a 7.5 million tonne/year steel mill, a 1,600MW power plant, and the Son Duong Seaport which [...]
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 [...]
The General Director of Chinese Formosa Group, Ngo Quoc Hung, has stated that the group will raised its investment in the Vung Ang Economic Zone from US$16 billion to US$23 billion. Mr Hung made the pledge at a meeting with the Chairman of the Ha Tinh provincial People’s Committee, Vo Kim Cu while he was [...]
The clock is ticking on a landmark ferromanganese manufacturing project’s race to operate in the central Ha Tinh province’s Vung Ang Economic Zone. Manganese Mineral Joint Stock Company is cooperating with Taiwan-backed Stanco International Corporation to manufacture ferromanganese, an important material for steel manufacturing. Thai Van Hoa, vice chairman of the zone’s authority, said the [...]
The People’s Committee of central Ha Tinh Province granted three investment licences for new operations at the Vung Ang Economic Zone. Two South Korean firms, Vision Land Co., Ltd and Humantech Company, received licences and will bring more than US$50 million in investment capital in their first stage. Addition of these two new projects will [...]
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