Taiwanese textile company the Formosa group is to get the green light on a $425m project, the Saigon Times Daily reported today. Nguyen Xuan Trung, deputy head of the Ministry of Planning and Investment's foreign investment division, said Minister Tran Xuan Gia had written to the Prime Minister on January 3 seeking the Government's agreement to the deal so that the State agencies concerned could discuss the details with Formosa.