Taiwan's E-United Plans Billion Dollar Town in Viet Nam: Report

E-United Group, one of Taiwan Territory's leading conglomerates, is planning to build a town in Viet Nam for one billion US dollars that will include hospitals, schools, golf courses and business, the territory's Economic Daily News reported Monday.

Preparing the ground for the E-united giant steel mill in Dung Quat (Photo: A.Thu/VietnamNet)

The group is targeting about 500 hectares of land (1,235 acres) near Ha Noi for the investment which will use the company's experience deployed at a similar project in Kaohsiung, southern Taiwan, the report said.

The Kaohsing-based group, whose core business is steel making, also runs a university, a high school and an elementary school and manages property development businesses.

Vietnamese authorities hold a positive attitude towards the planned investment, the report said.

E-United was not immediately available for comment on the report.

The group is currently spending US$1.65 billion on a steel complex in Danang, central Viet Nam, scheduled for completion in three years.

Source: AFP

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