| US group to build 30-bln dollar steel plant in Vietnam |
HANOI, May 16 (Xinhua) -- U.S. group Eminence plans to pour 30 billion U.S. dollars into building a steel plant and auxiliary establishments in Vietnam's central region, local newspaper Young People reported Wednesday.
Eminence will submit its investment plan, some time in the second quarter, to the Vietnamese government for approval.
The plan includes 26 billion dollars for the plant and 4 billion dollars for such establishments as a thermoelectric plant, a shipyard, an urban residential area and a research institute, the newspaper quoted Le Dinh Tho, head of the management board of the Nghi Son economic zone in central Thanh Hoa province, as saying.
The U.S. group will spend 8 billion dollars building the steel plant from 2007 to 2012, and 18 billion dollars upgrading the plant in the 2013-2020 period. Once completed, the plant will have annual capacity of 30 million tons of steel products, mainly high-class items for export, and employ some 10,000 people.
Eminence's future project with a total capital of 30 billion dollars, the biggest-ever foreign-invested project in Vietnam, is expected to be carried out in the economic zone, said the report.
By April 22, Vietnam had housed operational 7,086 foreign-invested projects with total registered capital of roughly 64.2 billion dollars.
Among 77 foreign countries and regions having investment in Vietnam, Singapore ranked the first with 469 projects totaling nearly 8.8 billion dollars, followed by South Korea and China's Taiwan, according to statistics from the Vietnamese Ministry of Planning and Investment.
|
|
