Poor people in Tan Thanh district, southern Ba Ria-Vung Tau province now live in spacious houses thanks to a project sponsored by Posco Vietnam Co. Ltd, a wholly invested company by the RoK.
Vietnam Posco village project inauguration ceremony (Photo: posco)
Poor people in Tan Thanh district, southern Ba Ria-Vung Tau province now live in spacious houses thanks to a project sponsored by Posco Vietnam Co. Ltd, a wholly invested company by the Republic of Korea’s Posco Group, and Habitat for Humanity Vietnam (HFH Vietnam).
After eight months of construction, the Vietnam Posco village project handed over 45 houses to those in need in Tan Hoa commune.
With a total investment of nearly 8.1 billion VND (386,000 USD), the project targets the building of 85 houses, each worth 95 million VND (4,523 USD) and covering an area of 53.6 sq.m.
The first phase, costing 2.5 billion VND (119,000 USD), commenced in November 2014 and finished in June 2015, providing 26 houses to poor families. As many as 19 houses were built in the second phase from July to August 7, 2015.
The remaining 44 houses will be constructed late this year.
Tan Hoa is the poorest commune in Tan Thanh district, with the highest poverty and unemployment rates.-VNA
Posco, the Republic of Korea (RoK)'s leading steelmaker, said on July 17 that it will buy a Vietnamese steelmaker as part of efforts to meet growing demands in the Southeast Asian region.
Posco Vietnam Ltd., Co. under the Republic of Korea’s Posco Group, put into operation the first phase of a laminated steel plant in the Phu My II Industrial Zone.
The Ministry of Transport (MoT) has not received any official information relating to news reports that steelmaker POSCO Engineering and Construction (E&C) of the Republic of Korea was implicated in the creation of a slush fund in a construction project in Vietnam, Deputy Transport Minister Nguyen Hong Truong has said.
Minister of Transport Dinh La Thang decided to set up an inspection team to look into expressway projects contracted to the Republic of Korea’s POSCO Engineering and Construction (E&C) on April 9.
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In an document issued on August 5, the PM emphasised the need to stablise living conditions for people hit by floods, landslides, and flash floods in late July and early August in northern and north-central provinces, especially Dien Bien, Son La, and Nghe An which suffered some of the worst damage.
Although millions of Vietnamese were affected by AO, only over 626,000 individuals, including war veterans and their children suffering from dioxin-related conditions, are currently receiving state benefits.
Vietnam Posco village project inauguration ceremony (Photo: posco)
