On May 13th, Vice Chairman of the Provincial People’s Committee of Quang Ngai, Mr. Tran Phuoc Hien, chaired a meeting to address the proposals of Hoa Phat Dung Quat Joint Stock Company, Ray and Special Steel Joint Stock Company.
The project, with an investment of approximately VND 14,000 billion, has a scale of about 18.39 hectares and is located in the eastern Dung Quat Industrial Park, Binh Thuan, Binh Son. The investor proposed to the Provincial People’s Committee to expedite the approval of the detailed planning at a scale of 1/2000 for the eastern area of Dung Quat Economic Zone, as well as resolve obstacles related to the project’s location, site clearance, and asset handling.
According to the report of the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Zones at the meeting, they have actively coordinated with the investor to complete the necessary procedures. They are also working closely with departments and sectors to review and remove obstacles, creating favorable conditions for the enterprise to implement the project as scheduled.
The Management Board has requested the Department of Construction to appraise and advise the Provincial People’s Committee to submit to the Provincial People’s Council for approval of the planning project at a scale of 1/2000 for the eastern Dung Quat Industrial Park.
Concluding the meeting, Vice Chairman Tran Phuoc Hien emphasized the significance of the Hoa Phat Dung Quat Special Steel and Railway Production Project in promoting the province’s industrial and economic development. He urged relevant departments and sectors to promptly review and remove difficulties and obstacles, creating favorable conditions for the project to be implemented on schedule.
The Vice Chairman assigned the Management Board to advise the Provincial People’s Committee to seek opinions from the Ministry of Public Security and the Ministry of National Defense on matters related to the project to ensure compliance with legal regulations. Simultaneously, they should advise and submit to the Provincial People’s Council for approval of the planning project at a scale of 1/2000 for the eastern Dung Quat Industrial Park.
Previously, on May 12, the People’s Committee of Quang Ngai province sent an official dispatch to the Standing Committee of the Provincial People’s Council regarding the approval of the planning project at a scale of 1/2000 for the eastern Dung Quat Industrial Park. The approval is expected to take place at the 34th meeting (specialized session) of the Provincial People’s Council this May.
To date, Hoa Phat has invested USD 7 billion in the Dung Quat Economic Zone, with a key focus on the Hoa Phat Dung Quat Steel Complex Project and Hoa Phat Dung Quat 2 Steel Complex Project. These projects have a total investment of more than VND 171,000 billion and a capacity of about 12 million tons of steel per year. From the start of the project in 2017 up to 2024, Hoa Phat Dung Quat has contributed nearly VND 35,000 billion to the state budget.
The Hoa Phat Dung Quat Special Steel and Railway Production Project, with an investment of approximately VND 14,000 billion, is a commitment to the Prime Minister to provide steel products for high-speed railway projects, serving the needs of national transportation infrastructure development and enhancing Vietnam’s heavy industry capacity.
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