Within it, Hoa Phat Group signed a memorandum of understanding to research and invest in 3 projects with a total expected investment capital of over 120,000 billion VND.
Speaking at the event, Mr. Tran Dinh Long, Chairman of the Group, said that Hoa Phat is the largest steel producer in Southeast Asia, with over 30 years of experience in large-scale industrial production.
After a period of research and discussion with the leadership of Phu Yen province, Hoa Phat Group decided to sign a memorandum of understanding to cooperate and invest in 3 projects in Nam Phu Yen Economic Zone. The projects include: Bai Goc Port; Investment in construction and business of infrastructure in Hoa Tam Industrial Zone; and Hoa Phat Steel Complex project in Hoa Tam Industrial Zone. The total expected research and investment capital is over 120,000 billion VND.
The Group’s leaders believe that Hoa Phat’s projects in Phu Yen will create momentum for economic and social development of the province, create employment for 20,000 workers in Phu Yen, and contribute about 10,000 billion VND to the local budget each year.
Hoa Phat Group currently has a crude steel capacity of 8.5 million tons/year. In which, billet, high-quality construction steel accounts for 5.5 million tons, hot rolled coil reaches 3 million tons/year. Hoa Phat is the leading market share in Vietnam in construction steel, steel pipes, Top 5 largest galvanized steel manufacturers, and is the only Vietnamese enterprise to produce HRC steel, prestressed steel wire and many other high-quality steels.
The Group is implementing the Hoa Phat Dung Quat 2 Steel Complex project in Quang Ngai with a designed capacity of 5.6 million tons of hot rolled coil/year. It is expected that when the project is completed in 2025, Hoa Phat’s annual crude steel production capacity will exceed 14 million tons, equivalent to the top 30 largest steel companies in the world.
14 projects have been decided to be invested including:
(1) Casanova Bai Tram high-end resort area (C Bai Tram Investment Corporation);
(2) High-quality rice production and processing, purchasing, and exporting of Phu Yen province (Trung An High-tech Agriculture Corporation);
(3) High-tech livestock farming area (Quang Minh Livestock Technology Development and Investment Corporation);
(4) Song Cau 2 – Tuy An water plant (Vietnam Ecological Urban Co., Ltd.);
(5) Clean water supply project in Hưng Đông, Hòa Quang Nam, Hòa Quang Bắc, Hòa Trị (Toan Cau International Technology Transfer and Investment Limited Liability Company);
(6) Bai Nom eco-tourism area (Viet An Phu Yen Investment and Business Joint Stock Company);
(7) Fleur De Lys Resort Phu Yen (FDL Investment Corporation);
(8) Hoa Thanh Beach Resort (Hoa Thanh Beach Resort Co., Ltd.);
(9) Vung Lam resort area (Hanoi Construction and Urban Development Investment Corporation);
(10) Xuân Đài Bay commercial, service and resort tourism complex (Xuan Dai Bay Investment Joint Stock Company);
(11) Núi Thơm eco-tourism area (Sao Phuong Bac Phu Yen Joint Stock Company);
(12) Huy Thien Phu construction materials production complex (Huy Thien Phu Trading & Services Joint Stock Company);
(13) Pharmaceutical and healthcare products manufacturing plant according to GMP-WHO, GMP-EU and PIC/S standards (ASTA HEALTHCARE USA Joint Stock Company);
(14) Expansion investment of Thai Thinh interior decoration manufacturing plant (Thai Thinh Interior Decoration Joint Stock Company).
5 investors have received the Memorandum of Understanding for investment cooperation with the Provincial People’s Committee:
(1) Hoa Phat Corporation with Bai Goc Port project, investment and construction and business of infrastructure in Hoa Tam Industrial Zone, and Hoa Phat Steel Complex project in Hoa Tam Industrial Zone;
(2) N&G Corporation with the project of investment and construction and business of high-tech industrial park infrastructure;
(3) Phu Yen Food Technology Company (TH Group) with the continuing investment of Phu Yen clean food factory cluster;
(4) Trung An High-tech Agriculture Corporation with the project of waste treatment and power generation;
(5) Vietravel Corporation with the project of coordinating, supporting, and developing tourism and services.
The Provincial People’s Committee also announced the Decision approving the List of 70 investment projects to call for investment in the province, period 2024-2030, in 7 fields: Industrial and industrial park infrastructure; logictics; urban, social housing; trade, services, tourism; agriculture; education, culture, society; information technology and industrial science. Of which, Nam Phu Yen Economic Zone has 33/70 investment projects called for investment.
