TISCO

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.

Steel manufacturer tries to revive after 10 years of being idle

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.

Hazardous waste: an increasingly serious problem in large cities

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.

Tisco builds dumping ground for hazardous waste in Thai Nguyen

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.

Mountain of waste in Thai Nguyen: environment department says it was never informed

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.

Mountains of hazardous waste covered by tarpaulin in Thai Nguyen city

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.

One project fails, three CEOs prosecuted

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).

Fourteen investigated for wrongdoings in steel firm’s expansion project

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).

Debts at Thai Nguyen Iron and Steel plant – phase 2 await extension

The fate of Thai Nguyen Iron and Steel plant – phase 2 remains uncertain and it is unable to restart while its debts are only swelling.

Former Deputy PM provided poor guidance to loss-making steel project - inspectors

Former Deputy PM Hoang Trung Hai was found to have committed violations and shortcomings in his instructions to a long-suspended, loss-making megaproject managed by State-run Thai Nguyen Iron and Steel Corporation.

Violations in State Steel Corporation uncovered

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.

 

Bank bad debts, 12 super-projects incur loss of millions of USD

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. 

PM closes curtain on multimillion dollar steel plant

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.

BUSINESS IN BRIEF 30/1

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