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05 Jul
11:12

Tensions rise between Vietnam and Formosa Plastics

The saga of Formosa Plastics Group’s troubled commissioning of Vietnam’s first large integrated steelworks continues with accusations that Vietnam bullied the Taiwanese firm into taking the blame for a pollution issue. The Vietnam Steel Association (VSA), meanwhile, has argued against issuing further licences to foreign investors to prevent the “delocalisation” of the steel industry, Kallanish notes. Formosa Ha Tinh was meant…
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