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Vietnam’s new mega integrated plant might pose risk to environment

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Vietnam’s new mega integrated plant might pose risk to environment

Hoa Sen Group, a Vietnamese steel manufacturing company, which is the country’s largest flat steel producer, announced that it would build a large industrial complex in Ca Na industrial park located in Ninh Thuan province of the central part of Vietnam.


According to the Group’s President, Le Phuoc Vu, the following facilities are planned to be built in the area: a metallurgical combine with a capacity of 16m tons per year, a cement plant, a power station, a logistic center and a sea port with a cargo turn-over of over 50m tons annually. The total amount of investments in a metallurgical combine only is estimated at $10,6 bln.

The project implementation is scheduled to start in 2017 or in early 2018 and will be carried out in several stages.

A number of Vietnamese experts are cautious about this ambitious initiative of Hoa Sen. First, operation of such an enormous enterprise might pose a significant risk of environment pollution, given that Vietnam has already faced this problem. Second, experts suppose that the country has already had an excessive number of steel producing facilities and a new one is surplus.

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