$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
- Key project headway to boost growth (November 04, 2024 | 07:00)
- Nhon Trach VI Industrial park welcomes new high-quality warehousing facility (November 03, 2024 | 20:19)
- Long-term funds to address logistics cost (November 03, 2024 | 19:52)
- C.P. Vietnam joins PPP to promote transformation of food industry (November 02, 2024 | 10:04)
- Hung Yen propels investment in Germany and the Netherlands (November 02, 2024 | 09:54)
- 2024 may be Vietnam's most successful year for FDI (November 01, 2024 | 16:10)
- Logistics supply chain efficiency on the rise (October 31, 2024 | 17:27)
- Digital transformation to compete in challenging logistics market (October 31, 2024 | 17:20)
- FDI success promising in light of fresh plans (October 31, 2024 | 17:12)
- Vietnam's logistics sector confronts new challenges (October 31, 2024 | 14:40)
Mobile Version