An artistic representation of the Hoa Sen-Ca Na Steel Project in Ninh Thuan Province. The first stage would begin operation in 2019, take up an area of 240ha and enable a capacity of 1.5 million tonnes per year. We have also learnt many lessons from the case of Formosa as to assessing environmental impacts while operating steel projects," he said. According to the department, Viet Nam has only been able to produce construction-grade steel and imports steel for manufacturing and support industries. The imported volumes amount to some 13 million tonnes every year, and annual trade deficits generated by the steel industry average around $7 billion.

Source: VietNamNet News September 14, 2016 02:48 UTC