Vietnam International Political Economy

Tata Steel, India’s biggest steel maker, has announce a deal to invest in Vietnam $5 billion according to Hindustan Times.

The Vietnam investment is signed as a joint venture with Vietnam Steel Corporation and is expected to produce 4.5 million tons of steel and will be located in the Vung Ang Economic Zone in Ha Tinh province.

The Tate Steel joint venture investment in Vietnam is made up of a 65/30/5 percent split between Tata, Vietnam Steel and Vietnam Cement respectively.