Taiwan-based firms Sun Steel Corp. and E United Group are joining hands to build a mammoth USD 1 billion stainless steel making factory in the southern province of Dong Nai in Vietnam. Mr Trinh Van Anh director of Planning and Investment Department’s Investment Cooperation Bureau said that Sun Steel Corp. has notified Dong Nai People’s Committee of its intention to establish the complex at Ong Keo Industrial Zone. Mr Anh said that the project would be developed in two phases. In the first phase, the joint venture would invest about USD 500 million into the project and USD 550 million would be invested into the second phase.
