Chuck Kuhn's Asia in Photos: Australian firm wins $70 mln steel deal in Vietnam | Industries | Industrials, Materials & Utilities

Wednesday, February 20, 2008

Australian firm wins $70 mln steel deal in Vietnam | Industries | Industrials, Materials & Utilities | Reuters

HANOI, Feb 20 (Reuters) - Australia's Vietnam Industrial Investments Ltd Rhas won a licence to invest $70 million in steel ingot production in northern Vietnam, the official Vietnam News Agency said.
The firm would build a plant in the port city of Haiphong over the next 24 months to supply 500,000 tonnes of steel ingots annually to its two other steel plants nearby, the agency said in a report late on Tuesday.
Vietnam Industrial Investments runs five subsidiaries in the Southeast Asian country, with the two in Haiphong producing steel wire rod and steel reinforcing bars.
The demand for steel in Vietnam, spurred by annual economic growth of more than 8 percent and a real estate boom, would rise 20 percent this year after a 42 percent surge last year to 10.3 million tonnes, industry experts said. (Reporting by Ho Binh Minh; Editing by Michael Battye)

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They say "

“I can’t say what made me fall in love with Vietnam - that a woman’s voice can drug you; that everything is so intense. The colors, the taste, even the rain. Nothing like the filthy rain in London. They say whatever you’re looking for, you will find here. They say you come to Vietnam and you understand a lot in a few minutes, but the rest has got to be lived. The smell: that’s the first thing that hits you, promising everything in exchange for your soul. And the heat. Your shirt is straightaway a rag. You can hardly remember your name, or what you came to escape from. But at night, there’s a breeze. The river is beautiful. You could be forgiven for thinking there was no war; that the gunshots were fireworks; that only pleasure matters. A pipe of opium, or the touch of a girl who might tell you she loves you. And then, something happens, as you knew it would. And nothing can ever be the same again.”
― Graham Greene, The Quiet American

Tips on Travel to Vietnam

It's always warm in Southeast Asia apart from high mountains, so leave the heavy clothing at home. Cotton and breathable fabrics are always better than synthetics -- although cotton does wrinkle a lot when traveling! December through April is roughly the dry season in that region, although it can still rain a little. December is a good time to go in terms of temperature -- cooler than in the humid summertime. Either way, wearing more clothing (shirt sleeves and long pants) is always more respectful towards the Asian culture, especially when visiting temples and rural areas.