Prime Minister Nguyen Tan Dung attended a ceremony on 2 Dec. 2012 to start construction on the Ha Tinh Formosa steel plant in the Vung Ang economic zone in Ky Anh district, Ha Tinh.
The US$15bn project is one of the largest by the Formosa group of Taiwan in the Vung Ang economic zone.
The project covers 3300ha and includes a steel mill, a seaport capable of receiving 300000DWTships and a 2100MW thermal electricity plant. It is expected to produce 7Mt/y of steel in phase one.
Addressing the event, Dung hailed Formosa's efforts in implementing facilities on time and affirmed that the Government would create favourable conditions for international investors to do long-term business in Viet Nam, including the Formosa group.
Source: Daily ‘Vietnam News’, Hanoi; 3 Dec 2012