After steel complex,
Formosa, the Taiwanese investor, which is building a steel complex in Vung Ang Economic Zone in Ha Tinh province, plans to build an oil refinery in the second phase of the project development.
In the first phase of the project, a steel complex and deep-water seaport in Son Duong would be built with estimated investment capital of $10.5 billion.
The project covers an area of 3,000 hectares, including 2,000 hectares of land area and 1,000 hectares of water surface. The life of the project is 70 years, starting from 2008.
If the first phase of the project operates effectively,
It is clear that if
How long will the Ha Tinh provincial authorities lease land to
An analyst commented that the mass fish death caused by
Therefore, it is highly possible that the production expansion by
Taiwanese Formosa was welcomed warmly when it arrived in
The scaffolding collapse at the
In March 2016,
Most recently, it has been accused of causing the mass fish deaths in four
Duong Tat Thang, deputy chair and head of the Ha Tinh provincial Economic Zone Board of Management, confirmed that the investment expansion in the second phase of the project was approved. However, the time to implement the plan has not been determined.
Thang said that it was necessary to clarify the environment management capability and the tolerance of the environment to the current production capacity before making a decision.
Regarding the question if Ha Tinh would lease land for 50 or 70 years to serve the oil refinery, Thang said this would depend on negotiations between the two parties.
Nguyen Dong Hai, former senior executive of PetroVietnam, said that