A 14.1 million USD mill producing raw iron ore pellets, the largest of its kind in Vietnam, was inaugurated in Vi Xuyen district, the north-western province of Ha Giang on October 15 after over one year of construction.
The factory, using advanced technology and equipment, is capable of churning out 300,000 tonnes of iron ore pellets a year, serving the Hoa Phat Integrated Steel Complex and nationwide iron smelting furnaces.
The plant is expected to generate jobs for more than 200 ethnic minority people with an average monthly income of over 4 million VND (188 USD). It is to contribute over 20 billion VND (940,000 USD) to the State budget.
On the occasion, the Ha Giang Electricity Company, the An Thong Mining Investment JSC and the Ha Giang Industrial Zone’s management board also put into operation a 110 kV transformer station and the 110 kV-35 kV Binh Vang electricity transmission line.
The facilities with a combined investment of nearly 60 billion VND (2.82 million USD) will facilitate local socio-economic development.
The two aforesaid projects will further speed up the province’s industrialisation and modernisation process, Chairman of the provincial People’s Committee Dam Van Bong said.
The province pledges to realise comprehensive and effective investment policies, aid investors in seeking investment opportunities and implementing their projects, and speed up administrative formalities reform, with the view to becoming an attractive investment destination, added the chairman.-VNA
