Binh Dinh There will be a steel project with a total investment of nearly 2 billion USD

DNHN - Long Son Iron and Steel Complex is anticipated to be constructed in Lo Dieu village, Hoai My commune, Hoai Nhon town, Binh Dinh province on an area of 486 hectares, with a total investment capital of approximately 53,500 billion VND

Mr. Pham Anh Tuan, Chairman of the Provincial People's Committee of Binh Dinh, stated that the province supports the steel project; the remaining issue is the environmental impact assessment; if the environment is stable, the project will proceed. Binh Dinh made it clear that he would not sacrifice the environment for economic gain.

Similar to automobiles, steel production technology is a global technology that is not exclusive to any nation. A repeat of the Formosa situation is impossible. Since all wastewater is recirculated, the environment is affected regardless. Hotel and resort construction also has an impact on the environment. The challenge is to minimize and uphold the established criteria and standards.

The province must complete all procedures, including the compensation plan, before meeting with the populace. There are two categories of compensation policies: state policies and additional support from businesses. After the project has been completed and a resettlement area has been established, we will meet the people. These plans will be completed by the beginning of March. The state's compensation policy is identical in principle. This is a special project involving the relocation of people and businesses with additional support policies, training for job transition, or when moving...

Mr. Pham Anh Tuan, Chairman of the Provincial People's Committee of Binh Dinh, stated that the province supports the steel project; the remaining issue is the environmental impact assessment; if the environment is stable, the project will proceed. Binh Dinh made it clear that he would not sacrifice the environment for economic gain.

Similar to automobiles, steel production technology is a global technology that is not exclusive to any nation. A repeat of the Formosa situation is impossible. Since all wastewater is recirculated, the environment is affected regardless. Hotel and resort construction also has an impact on the environment. The challenge is to minimize and uphold the established criteria and standards.

The province must complete all procedures, including the compensation plan, before meeting with the populace. There are two categories of compensation policies: state policies and additional support from businesses. After the project has been completed and a resettlement area has been established, we will meet the people. These plans will be completed by the beginning of March. The state's compensation policy is identical in principle. This is a special project involving the relocation of people and businesses with additional support policies, training for job transition, or when moving...

The investor is also preparing documents to submit to the Prime Minister for approval of the Phu My port area's investment policy. Phu My is a specialized port serving the loading and unloading of goods and production materials for the Long Iron and Steel Complex. In the future, paint, and head to the general port. 13 ports with a total investment capital of approximately 10,500 billion VND can accommodate cargo ships of up to 250,000 tons. It is anticipated that both projects will contribute significantly to the development of industry, supporting industries, and seaport services, thereby contributing to the economic growth of Binh Dinh and other provinces. Central Highlands and Central Coast The project also benefits a substantial number of local employees: When all three investment phases are completed, the Long Son Iron and Steel Complex will employ between 7,500 and 8,000 people. Additionally, the investor is compiling a dossier. Submit for approval to the Prime Minister the investment policy for the Phu My port area, which serves as a specialized port for the loading and unloading of goods and production materials for the Long Son Iron and Steel Complex and will eventually become a general port. future. 13 ports with a total investment capital of approximately 10,500 billion VND can accommodate cargo ships of up to 250,000 tons. It is anticipated that both projects will contribute significantly to the development of industry, supporting industries, and seaport services, thereby contributing to the economic growth of Binh Dinh and other provinces. Central Highlands and Central Coast The project also benefits a substantial number of local employees: When all three investment phases are completed, the Long Son Iron and Steel Complex will employ between 7,500 and 8,000 people.

Mr. Le Dang Tuan, Chairman of the Town People's Committee of Hoai Nhon: Leaders and residents of Hoai Nhon are enthusiastic and supportive of the Long Son Iron and Steel Complex project.

The project of Long Son Iron and Steel Complex and Phu My port invested here, if permitted and completed by the authorities, is very significant to the local community and is a particularly important premise for Hoai Nhon to make a breakthrough in socio-economic development and sustainable urban development, assuming the role of growth pole for four district-level administrative units in the province's northern region.

Leaders and residents of Hoai Nhon are enthusiastic and supportive of this endeavor. The view of Hoai Nhon's leadership is to provide investors with as much assistance as possible to complete the following procedures. To support them, it is crucial to promote and mobilize the consent and support of the local populace.

Tran Nhan