A 14.1 million USD millproducing raw iron ore pellets, the largest of its kind in Vietnam, wasinaugurated in Vi Xuyen district, the north-western province of Ha Giangon October 15 after over one year of construction.
The factory, using advanced technology and equipment, is capable ofchurning out 300,000 tonnes of iron ore pellets a year, serving theHoa Phat Integrated Steel Complex and nationwide iron smelting furnaces.
The plant is expected to generate jobs for morethan 200 ethnic minority people with an average monthly income of over 4million VND (188 USD). It is to contribute over 20 billion VND (940,000USD) to the State budget.
On the occasion, the HaGiang Electricity Company, the An Thong Mining Investment JSC and the HaGiang Industrial Zone’s management board also put into operation a 110kV transformer station and the 110 kV-35 kV Binh Vang electricitytransmission line.
The facilities with a combinedinvestment of nearly 60 billion VND (2.82 million USD) will facilitatelocal socio-economic development.
The two aforesaidprojects will further speed up the province’s industrialisation andmodernisation process, Chairman of the provincial People’s Committee DamVan Bong said.
The province pledges to realisecomprehensive and effective investment policies, aid investors inseeking investment opportunities and implementing their projects, andspeed up administrative formalities reform, with the view to becoming anattractive investment destination, added the chairman.-VNA
