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Hoa Sen Goup to invest overseas

In Uncategorized on March 29, 2010 at 2:39 pm

Hoa Sen Goup to invest overseas

QĐND – Monday, March 29, 2010, 21:24 (GMT+7)

Hoa Sen Group, a Vietnamese company specialiing in steel sheet products, has just decided to for the first time pour its investment overseas, the group said on March 27th.

According to Le Phuoc Vu, CEO of the group, its representatives will go to Myanmar to sign a memorandum of understanding on a steel production project costing some US$ 300 million with the Myanmar Ministry of Industry.

Under the plan, the project is to build a plant near the country’s capital city that will make steel sheet and building materials.

At the same time, the group will open a representative office in the capital city and donate US$ 300,000 to the Myanmar National Football Squad.

According to the group’s Board of Directors, Myanmar is a potential market, and since October 2009, the group has exported its products to the country.

Source: TBKT

Translated by Thu Nguyen   

Source: QDND

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