In which, the Bai Goc port project is expected to have an investment of around 24,000 billion VND; the Hoa Tam Industrial Zone infrastructure business project is expected to have an investment of around 13,300 billion VND; and the Hoa Phat Steel Complex project in Hoa Tam Industrial Zone is expected to have an investment of around 86,000 billion VND. The total investment scale of the 3 projects is over 120,000 billion VND.
Mr. Tran Dinh Long – Chairman of Hoa Phat
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“It is known that Phu Yen province has the South Phu Yen Economic Zone and the provincial leaders warmly welcome capable investors. After a period of studying, researching, and exchanging with the provincial leaders and local departments and agencies, we have decided to invest in 3 projects in the South Phu Yen Economic Zone,” said Mr. Tran Dinh Long.
Provide an additional 20,000 jobs, contribute 10,000 billion VND to the budget each year
The head of Hoa Phat Group commits to cooperate with the provincial leaders and local departments and agencies to quickly complete investment procedures and formalities to put the projects into operation soon. At the same time, they are committed to implementing the projects urgently, while ensuring strict compliance with legal regulations. Especially, ensuring compliance with environmental standards and regulations.
“We believe that Hoa Phat’s projects in Phu Yen province will be successful, have positive spillover effects, and promote the socio-economic development of the province,” entrepreneur Tran Dinh Long expressed and expected that these projects, when put into operation, will provide employment for 20,000 workers in Phu Yen, contributing about 10,000 billion VND to the budget each year.
According to the estimate of Hoa Phat Group, the steel project alone will create jobs for about 12,000 workers, with local labor accounting for 80% – 90%. Hoa Phat is a steel production enterprise with a scale of over 8 million tons/year, and is expected to reach 14 million tons/year by 2025.
Hoa Phat currently has 2 large steel manufacturing complexes in Hai Duong and Quang Ngai, with about 30,000 direct employees as well as hundreds of thousands of people related to the ecosystem, contributing about 10,000 billion VND to the state budget each year.
Regarding the Bai Goc port project, according to the Vietnam seaport system planning for the period 2021-2030, with a vision to 2050 approved by the Prime Minister in 2021, Bai Goc Port is planned for the development of Hoa Tam Industrial Zone with key industries being oil refineries, metallurgy, and energy.
This port has an area of 220 hectares, with general berths, break bulk cargo berths, liquid/gas cargo berths, and is capable of receiving ships with a load capacity of up to 50,000 tons, and is also planning to have dedicated berths for receiving ships with a load capacity of up to 250,000 tons.
