Vietnamese steel firm Hoa Phat Group received approval on Monday to build a steel complex worth 60 trillion dong ($2.7 billion), the company said in an online statement.
The complex in the central province of Quang Ngai is expected to take four years to build and to produce 4 million tonnes of steel products a year, it said.
Hoa Phat took over the project from Guang Lian Steel Vietnam, which has delayed the project for 10 years, the statement said.
Source: Tuoi Tre News
Photo: Hoa Phat