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20 Nov
09:11

Incentives draw Hoa Sen to failed steelworks project

Vietnam’s Hoa Sen Group is reportedly close to signing a deal to take over the Guang Lian steelworks project which has been abandoned by Taiwan’s E United. The attraction could be investment incentives tied to the project which Hoa Sen would be unable to access through its own project, local analysts suggest. When the project was first registered by Taiwan’s Tycoons Group in 2006, the government offered a preferential 10% corporate income tax r…
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