steel economic zone

Update news steel economic zone

Government rejects Formosa’s steel economic zone proposal

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 seeks 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.