VietNamNet Bridge - Investors are still interested in steel projects despite the warning about the oversupply of structural steel and protests from environmentalists.

 VietNamNet Bridge – Formosa, the steel investor from Taiwan, has made many requests in the last two years of the government, questions about the real motive for the investor’s steel project in Vietnam.

The authorities of Ha Tinh Province have imposed over VND4.5 billion fines (nearly $225,000) on 303 Chinese workers of a Chinese contractor at the Taiwan-invested Formosa steel project for violating Vietnamese entrance regulations.

 VietNamNet Bridge – Taiwanese-invested Formosa Iron and Steel Co., Ltd. based in Ha Tinh Province, in central Vietnam, has asked for the Ministry of Transport’s permission to establish its own steel-transport fleet in Vietnam.

 VietNamNet Bridge – From now to late September, a total of 8,426 foreign workers,mostly Chinese, will be hired for a huge steel project in the central province of Ha Tinh invested in by the Taiwanese group Formosa.

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 VietNamNet Bridge – Discussions have recently raged over the incentives offered to Formosa Plastics Group’s $10 billion steel and Son Duong deep-water seaport complex in the central province of Ha Tinh.

Formosa Plastics Group still remains committed to the construction of the mammoth integrated steel mill in Vietnam, despite the Vietnamese government’s rejection of a special economic zone designation for the project.

PetroVietnam Insurance Company will advance $1 million of compensation to Taiwanese Formosa Group for its losses in the riots at the Vung Ang Economic Zone in mid-May.

Why offer incentives to Formosa Ha Tinh, a steel manufacturer, when Vietnam has an oversupply of steel and local authorities are reluctant to have steel manufacturers in their areas because of the environmental pollution?

The government spokesman said that Vietnam has no regulation that allows foreign investors to set up special economic zones and would not accept Taiwanese investor Formosa’s proposal to establish a steel economic zone.

Formosa has proposed that the government set up the Vung Ang steel economic zone and offer special investment incentives to it. The government has not yet replied to the proposal, but economists caution that the request is an excessive one.

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Parental awareness of child sexual abuse and its consequences is very low, especially in rural areas, Ngo Thanh Thuan of the Can Tho Family Planning Association, said at a seminar yesterday in HCM City.

VietNamNet Bridge – Local authorities have created favorable conditions for Chinese workers in the Vung Ang Economic Zone in Ha Tinh Province to return home in accordance with contractors’ proposals.

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 VietNamNet Bridge - If this proposal is approved by the Government and the People's Committee of Ha Tinh province, Formosa Ha Tinh will be the largest foreign-invested project in Vietnam.