Steel sector needs 12 billion USD for growth

06/09/2007 -- 5:01 PM

Ha Noi (VNA) – Viet Nam’s steel sector needs between 10-12 billion USD for its development between 2007 and 2025, according to a 2007-2025 steel development plan approved by the Prime Minister on September 4. The plan require the sector to meet all domestic demand by 2025 and produce some more for export. Viet Nam is to forecast to require between 10-11 million tonnes of steel by 2010 and 24-25 million tonnes by 2025 to satisfy huge demand from property and infrastructure development. Towards these goals, the plan has singled out key projects for priority investment in the 2007-2015 period, including two steel complexes in northern Lao Cai and central Ha Tinh provinces, the Dung Quat Steel Complex, several high-quality rolled steel and zinc-plated steel plants, and the second phase of a project to expand the Thai Nguyen Iron and Steel Company.-Enditem
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