HANOI: Malaysia's Lion Industries has received an investment licence for a joint venture with Vietnam's top shipbuilding group Vinashin to build a $9.8-billion steel mill.

The project, located in the south central province of Ninh Thuan, will have an annual capacity of 14.42 million tonnes of crude steel per year, a statement from the Ninh Thuan's People Committee seen on Monday said.

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Posted by boyang at September 22, 2008 3:16 PM