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China Steel to boost investment in Vietnamese mill

TAIPEI -- Taiwan's China Steel will raise its 5% stake in a steel mill under construction in Vietnam to 25%, pouring roughly $940 million more into the project to ensure that production there gets on track.

     It will make the additional investment this April or May in Formosa Ha Tinh Steel -- a Vietnamese arm of leading Taiwanese chemical company Formosa Plastics Group -- which is building the plant. China Steel will also boost technical support for the project.

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