VCSC Daily - Stocks drop for first down week in six - CTD, HPG, NLG

Market Commentary

02 Jun 2017

CTD to be D&B contractor for HPG’s Dung Quat Steel Complex. CTD signed a contract with HPG for the Design and Build (D&B) works of HPG’s Dung Quat Steel Complex without a disclosed contract value. According to HPG’s plan for this steel complex, total investment for the two phases is VND52 trillion (USD2.3 billion), of which construction cost is VND6.4 trillion (USD281 million) for phase 1 and VND3.9 trillion (USD171 million) for phase 2. HPG expects to complete these two phases by Q3 2019.

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