Prime Minister halts 10.6 billion USD steel plant

by VTV418 April 2017 Last updated at 11:03 AM

The 3D image of the Hoa Sen Ca Na Steel plant in the south-central province of Ninh Thuan (Photo: hoasengroup.vn)
The 3D image of the Hoa Sen Ca Na Steel plant in the south-central province of Ninh Thuan (Photo: hoasengroup.vn)

VTV.vn - PM Nguyen Xuan Phuc has ordered the suspension of construction of the 10.6 billion USD Hoa Sen Ca Na steel plant in southern-central Ninh Thuan Province.

A statement from the Government Office has cited the prime minister as saying that the preparations for the project had been too "hasty" and only provided a preliminary assessment.

He asked the province to clarify the effects on the environment, assess the domestic steel demand, as well as the total investment of the project. In addition, PM Phuc said the authorities also needed to weigh the technology and possible environmental impacts to insure against a disaster similar to that caused by the Formosa Steel Plant in Ha Tinh Province.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2017-05-29 05:07 UTC

WEATHER FORECAST

Today - Monday May, 29
Mostly Cloudy
24/32
Tuesday May, 30
Mostly Cloudy
23/32
Wednesday May, 31
Mostly Cloudy
26/35
Thursday Jun, 01
Mostly Cloudy
28/38
Friday Jun, 02
Thunderstorms
29/37
Saturday Jun, 03
Thunderstorms
28/34
Sunday Jun, 04
Thunderstorms
28/33
Monday Jun, 05
Thunderstorms
27/31
Tuesday Jun, 06
Thunderstorms
26/29
Wednesday Jun, 07
Scattered Thunderstorms
25/29