Tata Steel, has entered into a joint venture with Vietnam Steel Corporation (VSC) to build a plant at the HaTinh province in Vietnam. The company, through its wholly owned subsidiary in Singapore - Tata Steel Global Holding Pte Ltd, would hold 65% stake in the joint venture and the remaining would be owned by VSC. According to the company, its planned Vietnam steel plant will cost an estimated $5 billion and have final capacity of 4.5 million tonnes per year. The Integrated Steel Plant will be built in three phases. The joint venture would also enable Tata Steel to extend an equity contribution of 30% in Thach Khe Iron Ore mining project. The company said in an official release that it along with VSC had undertaken a feasibility study for the steel project following which the JV has been signed. Last year in May, Tata Steel had entered into a Memorandum of Understanding (MoU) with VSC for the said alliance.