Vietnam should not invest in steel
Former Minister of Planning and Investment, Professor Nguyen Mai, speaks to the Tuoi tre newspaper, suggesting that HSG should focus on the manufacture of high grade alloy rather than steel. Recently, the Hoa Sen Joint Stock Group made public a super project for steel production in central Ninh Thuan Province with a strong commitment on the use of clean technology. The Ministry of Trade and Industry has included the project on the list of the country’s development plan. Did you feel any anxiety upon learning the news? In many countries, having a steel mill with a production output of 10 or 15 million tonnes per year is not rare. Some steel mills have production outputs much higher than that. A case in point is the Posco Steel Mill with its annual production of 21 million tonnes per year. That mill is located next to the sea.
