First stage of Nghi Son steel rolling mill inaugurated
The first stage of Nghi Son steel rolling mill was inaugurated at Nghi Son economic zone in the central province of Thanh Hoa on October 23.
The inauguration ceremony for the first stage of Nghi Son steel rolling mill (Photo: VNA) Thanh Hoa (VNA) – The first stage of Nghi Son
steel rolling mill was inaugurated at Nghi Son economic zone in the central
province of Thanh Hoa on October 23.
The work is also to celebrate the 19th Congress of the provincial Party Organisation for the 2020-2025 tenure.
During the first stage, the mill has an annual capacity of 1 million tonnes of steel billets, using technology provided by Daniely Group – the world’s leading firm major in metallurgy and steel manufacturing based in Italy.
Speaking at the event, Vice Chairman of the provincial People’s Committee Nguyen Van Thi said the project, invested by the Nghi Son Iron and Steel JSC, has a total investment of 4 trillion VND alone.
From the second quarter this year, the mill will officially go into commercial operation, supplying steel billets and rolled steel meeting Vietnamese and Japanese standards to the market.
The project is expected to generate nearly 2,000 jobs and contribute about 1 trillion VND (43.7 million USD) to the provincial budget./.
The work is also to celebrate the 19th Congress of the provincial Party Organisation for the 2020-2025 tenure.
During the first stage, the mill has an annual capacity of 1 million tonnes of steel billets, using technology provided by Daniely Group – the world’s leading firm major in metallurgy and steel manufacturing based in Italy.
Speaking at the event, Vice Chairman of the provincial People’s Committee Nguyen Van Thi said the project, invested by the Nghi Son Iron and Steel JSC, has a total investment of 4 trillion VND alone.
From the second quarter this year, the mill will officially go into commercial operation, supplying steel billets and rolled steel meeting Vietnamese and Japanese standards to the market.
The project is expected to generate nearly 2,000 jobs and contribute about 1 trillion VND (43.7 million USD) to the provincial budget./.
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
Business
InfographicExport value of six key industrial crops to reach 14-16 bln USD by 2030
Vietnam aims to post export turnover of 14-16 billion USD from six key industrial crops by 2030.
Business
Long An, Japan's Okayama city explore cooperation opportunities
Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
