(VOVworld)-Prime Minister Nguyen Tan Dung on Sunday attended a ceremony to start construction on the Ha Tinh Formosa steel plant in the Vung Ang economic zone in Ky Anh district. This is one of the largest projects by the Formosa group with a total capitalization of US$ 15 billion.

Prime Minister Nguyen Tan Dung pays working visit to Ha Tinh

The project covers 3,300 hectares and includes a steel metallurgy mill, a seaport and a thermal electricity plant. PM Dung hailed Formosa’s efforts in implementing facilities on time: “I hope that investors will compete their commitment on schedule. The local government and relevant ministries must create all favourable conditions for the investors to ensure the success of this project”

Earlier, the Prime Minister had a working session with key officials from the neighbouring province of Ha Tinh  to remove obstacles and boost sustainable economic development. The Government leader praised efforts made by the provincial Party committee, authorities and people in achiving an economic growth rate of 14%.