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Formosa Plastics plans $15 bln project in Vietnam-report

Sun Nov 16, 2008 9:54pm EST

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HANOI, Nov 17 (Reuters) - Taiwan's Formosa Plastics (1301.TW) plans to invest up to $15 billion in a large scale petrochemical complex in central Vietnam, a state-run newspaper reported on Monday.

The project has won approval from the government, the Vietnam Investment Review reported. (Reporting by Nguyen Nhat Lam; Editing by Kazunori Takada)



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