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Update news TISCO
Thai Nguyen has decided to impose a fine of VND565 million on violations of the environmental protection law, following a series of VietNamNet’s reports last March.
The expansion of the Thai Nguyen steel project has yet to be completed after 14 years. Several former managers of the Thai Nguyen Iron and Steel JSC (Tisco) have been sent to prison for wrongdoings related to the project.
A report found that Vinh Phuc province discharges over 800 tons of waste every day, of which 180 tons are from urban areas and 700 tons from rural areas.
Nine days after VietNamNet published an article about the existence of an outdoor furnace dust mountain at Tisco, the waste owner is now hurrying to build a dumping ground.
Deputy director of the Thai Nguyen Department of Natural Resources and the Environment Nguyen The Giang said the department was not informed about the amount of furnace dust left at Tisco.
After VietNamNet reported about thousands of tons of furnace dust discharged from the steel refining process of Thai Nguyen Iron and Steel JSC (Tisco) in Thai Nguyen City, the owner of the waste took action.
The Thai Nguyen iron and steel project phase 2 has been left idle for many years, bringing about the dismissal and prosecution of high ranking managers of Tisco (Thai Nguyen Iron and Steel JSC) and VNSteel (Vietnam Steel Corporation).
The Ministry of Public Security (MPS) has taken legal action against 14 persons involved in legal violations in Phase 2 of the production expansion project at the Thai Nguyen Iron and Steel Joint Stock Corporation (TISCO).
Mai Van Tinh, former Chairman of Vietnam Steel Corporation (VNSTEEl) and Dau Van Hung, former General Director of VNSTEEL were detained for their alleged legal violations in the production expansion project of Thai Nguyen Steel Corporation.
VietNamNet Bridge - The Q4 2016 audited finance report of the Thai Nguyen Iron & Steel Corporation (Tisco) shows that the company had debts of VND6.078 trillion, half of which were short-term debts.
The state resolutely refused to save the failing VND8 trillion ($361.4 million) Thai Nguyen Iron and Steel JSC (TISCO)’s iron and steel plant-phase 2.
Nearly 7,000 businesses established in January; TISCO to get $63.2 million to expand production; State Bank calls for lending interest rates to be lowered; Vinamilk announces export plan; 41 Vietnamese firms join billion dollar club