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Vietnam Business Finance (Free subscription) | 09/25/2008
The project on the steel complex capitalised at $7.9bil by Taiwan’s Formosa Group has been licenced by the Vung Ang Economic Zone Management Board.The project covers an area of 3,000 ha of land and water surface in Vung Ang Economic Zone, comprising a cast iron-steel complex and Son Duong deep water port. The complex is designed to have the capacity of 15mil tonnes a year, 7.5mil tonnes in the...
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Vietnam Business Finance (Free subscription) | 09/19/2008
The provincial government awards the investment certificate to Vinashin-Lion Steel JV Limited, which is a joint venture between Maju Stabil Sdn. Bhd, a unit of Malaysia's Lion Group, and Viet Nam Shipbuilding Industry Group (Vinashin). The foreign partner holds a 74% stake and Vinashin the remaining 26%.The two partners will spend around US$9.8 billion for the project covering 1,650 hectares in Minh...
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Vietnam Business Finance (Free subscription) | 08/26/2008
... ten times more for labour costs in their native land.One of the examples is a Steel Complex and Son Duong seaport in the central coastal province of Ha Tinh , in which the Hung Nghiep Formosa Viet Nam under the Formosa Group of Taiwan has registered to invest almost 7.9 billion USD. The project received the investment license in June.The wholly Taiwanese-invested company has also added 160...
