PM inspects stagnant steel project in Thai Nguyen

Chia sẻ
(VOVWORLD) - Prime Minister Pham Minh Chinh on Sunday inspected the second phase of the Thai Nguyen Iron and Steel Plant extension project (TISCO 2) in the northern province of Thai Nguyen. 
PM inspects stagnant steel project in Thai Nguyen - ảnh 1PM Chinh (C, first row) inspects TISCO2 project site, July 31, 2022. (Photo: VNA)

The project has an initial investment of 3.84 trillion VND (164.52 million USD), which has surged to over 8.1 trillion VND.

It was launched from 2007 and has been postponed since 2013. 

In 2021, the Thai Nguyen Iron and Steel JSC (TISCO) proposed the resumption of the project, and promised to operate it effectively after a few years, ensuring job for employees and avoiding losses in State capital. 

PM Chinh noted that the stagnation of the project has caused great losses, and ordered for drastic measures to settle pending problems.

On the occasion of the 75th anniversary of War Invalids and Martyrs Day (July 27), PM Chinh offered incense and flowers to 60 members of Company 915 who sacrificed their lives during the anti-America war in 1972 in Thai Nguyen city.