Mintal signs an MoU for plant construction at Vietnam
Mintal Group has signed an MoU for the construction of a ferrochrome and stainless steel plant in the Nghi Son Economic Zone of Vietnam’s Thanh Hoa province, with an investment of USD2bn.
Novatek Signs LNG MoU with Vietnam
PAO NOVATEK recently announced that the Company and the Ninh Thuan Provincial People’s Committee signed a Memorandum of Understanding (MoU) to develop an integrated energy-generating project with the use of liquefied natural gas (LNG) within the Socialist Republic of Vietnam.
JFE Steel obtains stake in steelworks project
JFE Steel Corporation has signed a contract to pay USD 225M in order to acquire a 5% stake in Formosa Ha Tinh Steel Corporation (FHS), a joint-venture company which is currently constructing integrated steelworks in Vietnam.
Vietnamese steel makers facing cheap imports
As reported by Tuoi Tre News, Vietnamese steel manufacturers are facing a new challenge as businesses are tending to import cheap steel from other countries rather than buying locally made products. The trade deficit in the steel sector in the first two months of this year topped USD 1B.
ThyssenKrupp to build turnkey LDAN plant in Vietna
Vinacomin - Mining Chemical Industry Holding Corporation Ltd (MICCO) has awarded a Consortium a contract for the construction of a low density ammonium nitrate (LDAN) plant in the Thai Binh province in Vietnam on lump sum turnkey basis.
Alfa Laval wins off-shore marine order
Alfa Laval has won an order to supply Alfa Laval Aalborg boilers to an offshore oil production vessel in Vietnam. The order is valued at approximately US$7.6 million and delivery is scheduled for 2013.
Subsea construction work offshore Vietnam
SapuraAcergy Sdn Bhd has announced that it has won a USD 100 million contract for subsea construction work offshore Vietnam.
POSCO invest in stainless plant in Vietnam
POSCO will invest in a 200,000tns/yr cold rolled stainless steel plant in Vietnam. Commercial production will be available by February 2012.
EU cuts duty on stainless fasteners
The European Union stopped charging anti dumping duties on stainless steel fasteners and parts imported from Vietnam on 20 November 2010.
BP Venezuelan interests
BP is selling its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for USD 1.8 billion in a cash only deal.