Rising From The Ashes

At the mouth of the Red River, the first signs of an economically vibrant Vietnam can be glimpsed in Haiphong. Its harbor, once mined by the U.S., is being promoted as the industrial gateway to northern Vietnam. A Japanese consortium will spend $156 million to upgrade Haiphong's port. Nearby, South Korea's Pohang Iron & Steel is building a $25 million steel plant. And Taiwan's Ching Fong Group plans a $288 million cement plant.

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