Minister of Planning and Investment Vo Hong Phuc handed over licences to a foreign invested projects at the Viet Nam Forinvest 2005 in Ha Noi on 3 November. The USD 700 million project to produce stainless steel, owned by the Taiwanese Samoa Qian Ding Group, will be located in the My Xuan A Industrial Zone in the southern coastal province of Ba Ria-Vung Tau. The plant is designed to be capable of turning out 720,000 tonnes of stainless steel a year.
