Vietnam has rejected a proposal by South Korea’s Posco Group to build a 5.4-billion-dollarnear a coastal resort, citing , state media reported on Friday.
Theproposed for south-central Nha Trang’s Van Phong Bay would have breached environmental protection rules, said a decision from , according to the Tien Phong (Pioneer) daily.
The headquarters of POSCO in Seoul. Vietnam has rejected a proposal by the South Korean group to build a 5.4-billion-dollar steel mill near a coastal resort, citing environmental concerns(AFP/File/Jung Yeon-Je)
The newspaper, and other media reports, said another reason the government scrapped the project was that it would have clashed with the planned development of a major container port in Van Phong Bay.
Dung asked Khanh Hoa province leaders to discuss other possible sites for the mill, according to the news website VietnamNet.
The premier, in a televised address to the national assembly on Thursday, said the communist government had “refused a project worth 4-5 billion dollars in steel” for environmental reasons, without naming the project.
He added that the government was determined to prevent further pollution in the country of 86 million people, where rapid industrialisation since the 1990s has caused widespread river and air contamination.
In January local authorities had given and local ship builder Vinashin the green light to build the mill, including a 1,000-megawatt power plant.