The project is developed in central Vietnam amid concerns that the industry output has far exceeded the demand
China accounted for more than 61 percent of Vietnam's steel imports
Hoa Phat plans to kickstart the long-delayed project in central Vietnam with a $2-2.5 billion investment
Local steel producers say Chinese exporters may have manipulated the current tax policy
The investment is based on "mid- to long-term growth strategy"
Massive quantities purporting to be alloy despite having minuscule quantities of chrome are imported tax-free
Supply of many products is twice demand, the Vietnam Steel Association laments
A JFE Steel spokesman said nothing has been decided yet.
Since it was licensed in 2006, the project's cost has been adjusted four times
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