$77.9 million Ha Tinh plant licence revoked
The plant, licensed in June 2007, was expected to garner the total capital of VND1.76 trillion ($77.9 million), have an area of 26 hectares and to start operation in August 2010 with a capacity of 250,000 tonnes in the first phase and 500,000 tonnes in the second phase.
Ha Tinh Iron and Steel Joint Stock Company (JSC) was the project’s investor, together with two major shareholders, namely Van Loi Company and Hop Thanh Investment and Mineral JSC, both located in Hanoi.
In the 2007-2010 period the project was delayed due to a lack of capital. At the time, various banks having branches in the province lent the investors VND700 billion ($32.1 million) to continue its construction works.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Industrial parks within Vietnam keen on Taiwanese investment (April 17, 2024 | 23:00)
- Vietnam can emulate Taiwanese high-tech success (April 17, 2024 | 21:00)
- Capital influx from Taiwan builds up steam in Vietnam (April 17, 2024 | 19:00)
- Chip industry taking on new players (April 17, 2024 | 16:38)
- Support rises in semiconductor chip development in Vietnam (April 17, 2024 | 16:00)
- Beacon Investment Fund to expand Lotus Group's F&B operations (April 17, 2024 | 11:09)
- Public investment progress requires a stronger thrust (April 17, 2024 | 09:21)
- Disbursement delay deemed unacceptable (April 17, 2024 | 09:13)
- Lack of sand prompts alternatives for traffic projects (April 17, 2024 | 08:00)
- Vietnam asks Apple to make it global production base (April 16, 2024 | 16:11)
Mobile Version