US$500 Mln Steel Mill to be Built in Central Province
The Vietnam Steel Corporation, or VNSTEEL, plans to build a steel plant with an annual capacity of one million tons in central Binh Dinh province, said Dau Van Hung, VSCs general director.
The US$500 million steel factory will cover between 120 hectares and 150 hectares in the locality.
The project will be kicked off in 2009 and completed in 2015.
Binh Dinh province has pledged to favorable good conditions for the VSC to ute the project.
VNSTEEL is considering three sites in the province to set up the plant &ndash Nhon Hon Economic Zone, Long Industrial Zone and Nhon Hoa Industrial Zone.
The corporation will cooperate with a Japanese company and some local companies to carry out the project. (STD, Labor)
Vietnamese
