Viet Nam-China friendship projects
(VNA) - The Thai Nguyen Steel Complex last year turned out 430,000 tonnes of rolling steel, 300,000 tonnes of steel ingot and 210,000 tonnes of pig-iron, grossing a turnover of 2,500 billion VND.
Its products have gone to almost all key projects in the country, occupying a firm foothold in the market.
The Thai Nguyen Steel Complex, located about 80 km north of Ha Noi, was built with Chinese assistance in 1959. At the end of 2001, the first phase of an extension project of the Thai Nguyen Steel Complex was completed with a total investment of nearly 700 billion VND (46.7 million USD), with China contributing 22 million USD.
The second phase of the extension (2005-2007), with a total investment of 200 million USD, aims to raise the complex's capacity to 750,000-1,000,000 million tonnes a year.
The Ha Bac Nitrogenous Fertiliser Factory, an other gift from China to the Vietnamese people in the 1960s, has markedly contributed to Viet Nam's development.
Producing nearly 2 million tonnes of fertiliser for Viet Nam so far, the factory over the past four years has had an average annual growth rate of 18 percent. The growth rate was achieved thanks to a 32 million USD investment from the Chinese partner to raise the factory's capacity to 150,000 tonnes a year.
Other major projects jointly carried out by Viet Nam and China include the Sin Quyen copper project, the Cao Ngan thermal power project and the Dac Nong bauxite project. In addition, the Chinese Government has decided to provide 150 million Chinese yuan as non-refundable aid to help build a Viet Nam-China Friendship Palace.
In the 1992-2004 period, China pledged 312 million USD of official development assistance for Viet Nam, including 50 million USD as non-refundable aid for the upgrade of a number of Chinese-funded industrial projects in Viet Nam./.
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