Vietnam News reported that Vietnam’s Prime Minister Mr Phạm Minh Chính during his visit to long-suspended state run Thái Nguyên Steel & Iron Corporation project in Thái Nguyen Province have asked ministries and agencies to solve problems with the highest determination, putting the country’s interest foremost. Mr Chinh said “It is important to identify whether the project will continue or not, why is it so, how to do it, who will be in charge, when it gets finished, which resources and mechanisms will be used and who will be the one to make the decision.”He ordered investors to update statistics and propose solutions for problems under the direction of the Commission for Management of State Capital at Enterprises and assigned Deputy Prime Minister Mr Lê Minh Khái to be in charge of directing relevant authorities to solve the problems of the project.In late 2004, the then Prime Minister gave Thái Nguyên Steel & Iron Corporation the go-ahead to draft a feasibility study for tripling the capacity of steel billet production from 250,000 tonnes to 759,000 tonnes. One year later, the project was approved at an initial tally of VNĐ 3.8 trillion (USD 166 million). The project was originally scheduled for completion within two and a half years. But later total investment increased to over VNĐ 8.1 trillion. It was launched from 2017 and has been postponed since 2013. In 2021, the Thai Nguyen Iron & Steel proposed the resumption of the project
Vietnam News reported that Vietnam’s Prime Minister Mr Phạm Minh Chính during his visit to long-suspended state run Thái Nguyên Steel & Iron Corporation project in Thái Nguyen Province have asked ministries and agencies to solve problems with the highest determination, putting the country’s interest foremost. Mr Chinh said “It is important to identify whether the project will continue or not, why is it so, how to do it, who will be in charge, when it gets finished, which resources and mechanisms will be used and who will be the one to make the decision.”He ordered investors to update statistics and propose solutions for problems under the direction of the Commission for Management of State Capital at Enterprises and assigned Deputy Prime Minister Mr Lê Minh Khái to be in charge of directing relevant authorities to solve the problems of the project.In late 2004, the then Prime Minister gave Thái Nguyên Steel & Iron Corporation the go-ahead to draft a feasibility study for tripling the capacity of steel billet production from 250,000 tonnes to 759,000 tonnes. One year later, the project was approved at an initial tally of VNĐ 3.8 trillion (USD 166 million). The project was originally scheduled for completion within two and a half years. But later total investment increased to over VNĐ 8.1 trillion. It was launched from 2017 and has been postponed since 2013. In 2021, the Thai Nguyen Iron & Steel proposed the resumption of the project
