Vietnam to sort out land issues for Tata Steel plant
Vietnam Prime Minister (PM) Nguyen Tan Dung Wednesday assured the visiting Indian Finance Minister Pranab Mukherjee that issues related to land acquisition for the proposed $5 billion integrated steel plant by Tata Steel would be resolved soon.
Mukherjee during his meeting with the Vietnamese prime minister said that the plant has the potential to become a symbol of strategic partnership between the two countries. He urged Vietnam to ensure that a level playing field is provided to Tata Steel and that there is no discrimination against Indian investment.
There were reports that the land allotted to Tata Steel for its planned 4.5-million-tonne plant in Ha Tinh province was in danger of being given away to Taiwanese or Chinese companies and that local authorities were creating hindrances in allotment of an alternative site.
The PM told Mukherjee that he has already asked concerned officials to resolve the matter at the earliest. – Vietbiz24
Tags: Tata Steel, Tata Steel Vietnam, Vietnam steel industry, Vietnam steel market
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