$ 9.9 billion for projects in Ha Tinh Formosa
Steel factory of Formosa has increased investment of $ 9.9 billion, leading to exciting changes in FDI statistics.
In December 2012, Formosa has conducted groundbreaking ceremony for construction of the steel mill in Formosa Ha Tinh, an important component project in the big project which is over 3,300 ha area.
Formosa (Taiwan) has completed procedures which allow increasing investment of $ 9.9 billion for first stage of the Formosa steel complex project, located in Vung Ang Industrial Zone (Ha Tinh province), that is increase $ 2 billion compared with $ 7.9 billion have been licensed previously, according to VnEconomy report.
With this funding, this project continues to be invested abroad than 14,500 largest of projects still in force in Vietnam.
The growing of Formosa’s capital was carried out in late 2012, but has only been reported on Foreign Investment Agency earlier this year, and this is one of the factors which make FDI statistics of Vietnam in 2012 grow $ 3 billion, as VnEconomy ever mentioned.
Because of this capital increase, in 2012, Ha Tinh province ranked second in charts of local attracting foreign investment with 2.148 billion US dollars, only after Binh Duong Province. Before this data was updated, Ha Tinh only ranked 34th with 31.53 million registered capital.
In December 2012, Formosa has conducted groundbreaking ceremony for construction of the steel mill in Formosa Ha Tinh, an important component project in the big project over 3,300 ha area, of which land area is 2,000 ha and water surface area is 1,200 ha.
The project includes Steel Smelter, deep seaport system with 300,000 tons capacity vessel access and thermal power having capacity of 2,100 MW.
Earlier this year, Formosa has committed to raise maximum resources and strive to 2015 will complete 3 blast furnaces with a capacity of 10.5 million tonnes/year, 13 berths in operation and 2017 will complete 32 berths, meet the requirements of exporting steel mill finished products.
(Nguồn tin: báo Vneconomy)