The agreement was signed by Mr.
The project, capitalized at US $ 550 million, is expected to make an important contribution to the steel sector’s development strategy and meet domestic demand for the product, as well as help reduce the need for the import of such product.
The project would also help boost political and economic cooperation between Việt
According to Antonello Mordeglia, the investment is proof of the group’s confidence in Việt
Earlier, on the occasion of Vietnamese State President Nguyen Minh Triet’s visit to Italy on December 10, 2009, VNSteel and Danieli Group signed the Agreement to set up a new joint venture, 80% Vietnamese and 20% Italian, to build the first hot strip mill in Phu My Area, 100 km Southeast of Ho Chi Minh City, Vietnam.