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Pomina to build Vietnam’s largest steel billet plant |
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VietNamNet Bridge – Pomina Steel Joint Stock Company inked a deal Saturday with Switzerland-based Concast AG Company for the preparation to build the country’s largest steel billet refining plant with an annual output of one million tons in the southern province of Ba Ria-Vung Tau. |
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Taiwan's Formosa Plastics plans huge port in Vietnam |
Formosa Plastics, a leading industrial conglomerate in Taiwan ( China ), plans to build one of the Southeast Asia’s biggest deepwater ports and a nearby steel mill as part of a multi-billion USD project in Vietnam .
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ADB approves 500 mln USD fiscal support loan to Vietnam |
The Asian Development Bank (ADB) on September 15 approved a 500 million USD loan to Vietnam in support of its efforts to bolster domestic economy and ensure social stability.
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Move to curb cement projects |
The Vietnam Cement Association (VCA) has made a recommendation to the Government to curb further licensing for cement production projects, according to the association’s chairman Nguyen Van Thien.
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Vietnam seeking foreign capital for demand stimulus programme |
VietNamNet Bridge – Vietnam is expected to get an additional billion dollars from donors in the coming time to stimulate the national economy.
The negotiations on a $500 million loan from the Asian Development Bank (ADB) have been wrapped up. The bank on September 15 officially announced it approved the five-year Countercyclical Support Facility (CSF) loan for Vietnam to help the country mitigate the impacts of the global economic crisis.
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