Chinese Mintal Group to Announce $2 Billion Investment in Vietnam

(Engineering Daily) Nguyen Anh Duong = Large-scale steel investment is carried out in Vietnam.

Mintal Group, a Chinese steel group, has expressed its intention to invest in large-scale plant construction in the Nghi Son economic zone.

The investment project being pursued by Mental Group is a project that will cost about $2 billion and aims to build a plant that can produce 1.5 million tons of high carbon steel plants annually in the first stage and 1 million tons of steel and nonferrous steel annually in the second stage.

Vietnam's local people's committee is said to be in the process of discussing permits for related projects, and if final permits are issued, the Mintal Group will begin construction on about 3 million square meters of land in the Nghi Son economic zone.