world''s sixth largest and Asia''s first integrated steel company, Tata Steel, have
signed a Memorandum of Cooperation (MoC) with Vietnam''s largest steel company,
Vietnam Steel Corporation, the largest steel company in Vietnam.
MoC was signed between Dau Van Hung, president of Vietnam Steel Corporation and
T Mukherjee, deputy managing director, Tata Steel in New Delhi today at an event
also attended by Prime Minister Nguyen Tan Dung of Vietnam and Dr Manmohan Singh
and other dignitaries from both the countries.
the memorandum of cooperation, Tata Steel will co-operate with Vietnam Steel in
the areas of training and development of the VSC employees, assistance in product
development, development of Vietnamese markets, sharing of know-how in steel making
and mining and will also assist VSC in developing a steel strategy for Vietnam.
on May 29, 2007, Tata Steel had entered into a Memorandum of Understanding with
VSC for the proposed steel and mining projects in Ha Tinh province in Vietnam.
In this relation, the Honourable Prime Minister of Vietnam, H E Nguyen Tan Dung
also visited the Tata Steel plant in Jamshedpur during his current visit to India
and he reaffirmed his full support to Tata Steel for the projects in Vietnam.
Cooperation memorandum is another step by Tata Steel to strengthen the partnership
with VSC and its commitment to be a ''Partner in Progress'' with the Socialist Republic
in the week, the Vietnamese PM had pledged full support to Tata Steel in setting
up its proposed 4.5-million-tonne steel complex in the Ha Tinh province and through
it Tata Steel will be entitled to participate in Thach Khe iron ore mining project
with an equity
contribution of 30 per cent.
part of his India visit at the invitation of Dr Manmohan Singh, the visiting Vietnamese
PM, visited Tata Steel''s Jamshepur steel plant.