Vina Roma Quang Tri Steel to Build Quang Tri Iron & Steel Complex
Strategic Research Institute
Published on :
03 Jun, 2022, 6:33 am
Vietnamese Vina Roma Quang Tri Steel plans to build a new steel plant in southeast province of Quang Tri with the total investments of VND 47 trillion (USD 2.01 billion Quang Tri Iron and Steel Complex will cover an area of just over 460 hectares in Quang Tri Southeast Economic Zone. The construction of the plant, which will have an annual production capacity of 4.5 million tonnes of plate, construction steel and sections, is scheduled to take five years. The construction will be implemented in 3 phases
1. USD 650 million for 1.1 million tonnes per year of construction steel
2. USD 390 million for 1.1 million tonnes per year of section steel
3. USD 1 billion for 2.3 million tonnes per year of hot rolled sheet
According to the Quang Tri, on 27 May, 2022, Chairman of the Provincial People’s Committee Mr Vo Van Hung chaired a meeting to listen to Vina Roma Quang Tri Steel Joint Stock Company report. According to the investor’s proposal, after surveying and researching in the Southeast Quang Tri Economic Zone, the unit proposed to invest in the Quang Tri Iron and Steel Complex project with the goal of producing construction steel, section steel and hot rolled steel plate with modern European technology. After listening to the investor’s report on the project proposal, opinions of leaders of relevant departments and localities, Mr Vo Van Hung agreed to the policy and assigned the Office of the Provincial People’s Committee to include the above content in plenary meeting of the Provincial People’s Committee to seek opinions. Along with that, Mr Vo Van Hung assigned the Economic Zone Management Board to assist investors in completing the next procedures. On the side of investors and consulting units, it is necessary to closely coordinate with sectors to implement relevant procedures in supplementing planning and other investment components.
Vina Roma Quang Tri Steel Company was newly registered on 13 November 2021 with the legal representative of Mr Nguyen Quy Chien. Mr Chien is also the legal representative of many other businesses operating in the energy sector.
Located in the North Central Coast region of Vietnam, Qu?ng Tr? province is surrounded by Qu?ng Bình province to the north; Th?a Thiên-Hu? province to the south; Savannakhet Province, in Laos, to the west; and the South Bi?n Ðông Sea to the east, with 75 kilometres of coast. Except for the narrow piedmont coastal plains, the terrain is dominated by hills and the Annamite Mountains. Upon the division of Vietnam in 1954 into North and South, Qu?ng Tr? became the northernmost province of the Republic of Vietnam. The Vietnamese Demilitarized Zone lay in the province. Beginning 1964, the province gradually became a center for American bases, particularly after October 1966, when the 3rd Marine Division moved to bases just south of the demilitarized zone. In 1966, North Vietnamese forces also began occupying the northern region and pushing deeper into the province. The provincial capital, Qu?ng Tr? City, was overrun and occupied briefly by Communist troops in April 1967, and was a principal battleground during the 1968 Tet Offensive when it was again overrun by North Vietnamese troops and held for a short period before being recaptured by South Vietnamese government and US forces. The Battle of Khe Sanh in 1968 was a part of the North's steady efforts to occupy the whole of the province. After Khe Sanh was evacuated in July 1968, the North Vietnamese continued their efforts to take the entire province. The most notable achievement of the North Vietnamese offensive in 1972 was capturing Qu?ng Tr?, although they lost much of the territory gained during the South Vietnamese counter-offensive from June through September 1972.