A steel factory capable of producing 300,000 tonnes of shaped steel per year was inaugurated in the Tam Phuoc industrial park, the southern province of Dong Nai, on December 28.

Covering 3 hectares, the factory was built at a total cost of 400 billion VND (19 million USD) by the Tien Len Steel Corporation Joint Stock Company and the Bac Nam Joint Stock Company.

The corporation’s products are now mainly sold in southern and central provinces and expected to be shipped to other countries in the future.

The same day, the corporation opened its headquarters, invested with more than 40 billion VND (1.9 million USD), in Dong Nai’s Bien Hoa city.-VNA