Ninh Thuan gives the go-ahead to Ca Na steel complex

Central Ninh Thuan province has licensed a joint-venture between Malaysia’s Lion group and the Vietnam Shipbuilding Industry group (Vinashin) to build a steel complex with an investment of 9.8 billion USD.

The hi-tech steel complex, located in Phuoc Diem commune, Ninh Phuoc district, will have an annual capacity of 14.42 million tonnes.

The project will also include two power plants with a total capacity of 1,450 MW and a seaport with an annual loading capacity of 15 million tonnes.

Scheduled to be built in the first quarter of 2009, the first phase of Ca Na steel complex is expected to be completed in 2010.

VNA

>   US postpones announcing anti-dumping tax on Vietnam’s shrimp (20/09/2008)

>   Vietnam-made laptops: high quality and low prices (20/09/2008)

>   Inflation high, but beer still selling well (19/09/2008)

>   Vietnam national flag carrier flies high (19/09/2008)

>   German consulting company hails Vietnam’s car market (19/09/2008)

>   Vietnam studies Japan’s business experiences (19/09/2008)

>   City orders check of fee collection (19/09/2008)

>   Vietnam plans ‘major’ drive to boost cocoa exports  (19/09/2008)

>   River polluter told to suspend operations: minister (19/09/2008)

>   EU members reject duties on Vietnam shoes (19/09/2008)