The Ministry of Industry and Trade on December 22 announced that Minister Tran Tuan Anh has decided to hire a foreign consulting company operating in Vietnam to draft an investment plan on steel by 2025 and visions till 2035. 

The wastewater treatment system of Formosa steel company who must complete waste treatment items to resume production. The company released untreated wastewater devastating central region sea early this year 

The foreign firm will bring out the development trend of the steel industry in the Southeast Asian region and the world. 

In addition, it will make clear the competitiveness of the country’s steel industry compared to the region and the world, standards to choose contractors and technologies, and environment impacts of the draft plan. 

The message which minster Tran Tuan Anh wants to send to the plan drafting board is not to barter environment for steel projects, according the ministry. 

That is the second draft plan on Vietnam’s steel production. After the company completes its estimation works by the second quarter next year, the ministry will issue the third one and submit it to the Prime Minister to consider and make a final decision. 

Previously in September, Deputy Prime Minister Trinh Dinh Dung affirmed that Vietnam needs to boost basic industries including steel to be successful in the country’s industrialization cause. 

Last year, Vietnam was the largest steel consumption nation in the Southeast Asia region.

SGGP