Nguyễn Tấn Dũng,the premier of
Vietnam, demanded
Vietnam's Thachkhe
Iron Ore Company (TIC) to restructure its joint venture partners lacking fund to start
iron ore production project 400 kilometers away from the south of Ha Noi.
It is learned that construction company SongDa, Tele-Communications Company VNPT, shipbuilding company Vinashin and bank BIDV are ordered to quit from the project. VNPT holds 4% shares of TIC, and other companies hold 5% each. Others stockholders will increase fund investment to resume the project.