Mr. Le Tan Ho, Vice Chairman of the People’s Committee of Phu Yen province, presents investment decisions to two key projects of the province.
This morning (May 30), the People’s Committee of Phu Yen province organized a conference to grant investment registration certificates to two projects: “Investment in the construction and business of infrastructure of Hoa Tam Industrial Park – Phase 1” and “Investment in the construction and business of infrastructure of Phu Yen Hi-Tech Industrial Park.”
The project “Investment in the construction and business of infrastructure of Hoa Tam Industrial Park – Phase 1” is invested by Hoa Tam Industrial Infrastructure Development Joint Stock Company (a member of Hoa Phat Group) with a land use scale of nearly 492 hectares and a total investment capital of about VND 4,188 billion.
Ms. Cao Thi Hoa An, Secretary of the Provincial Party Committee of Phu Yen, presents flowers to congratulate the two investors of the projects.
The project will be built synchronously with infrastructure to form the Hoa Phat Steel Complex with a capacity of 6 million tons/year, a total investment capital of about VND 100,000 billion, creating jobs for more than 24,000 laborers and other supporting industries.
Meanwhile, the “Investment in the Construction and Business of Infrastructure of Phu Yen Hi-Tech Industrial Park” project is invested by N&G Group Joint Stock Company with a land use scale of nearly 252 hectares and a total investment capital of about VND 2,369 billion.
This project will focus on investing in infrastructure to attract investment in high-tech industries and supporting industries for high-tech production, including: Information and Communication Technology (ICT); Pharmaceutical and biological technology; Environmental and renewable energy technology; Electronics and electronic equipment technology; Automotive and automotive electronics technology; Robotics and automation; Artificial Intelligence (AI); Material technology and Nanotechnology; and Logistics, among others.
When the secondary projects of this hi-tech industrial park become operational, they are expected to create jobs for more than 20,000 laborers.
A representative of Hoa Phat Group expressed their hope to soon commence the construction of the “Investment in the construction and business of infrastructure of Hoa Tam Industrial Park – Phase 1” project.
Speaking at the event, Mr. Le Tan Ho, Vice Chairman of the People’s Committee of Phu Yen province, emphasized the importance of these projects, stating that they will create a solid foundation and have a spillover effect, opening up new opportunities to attract larger-scale projects to the Nam Phu Yen Economic Zone.
Along with Hoa Phat Group’s ongoing research and proposal for the investment in Bai Goc Deep-water Port (including a specialized port for the steel industry, liquid cargo berths, and bulk cargo berths), which can accommodate vessels of up to 250,000 DWT, a large industrial and maritime center in the South-Central and Central Highlands regions will be established. This dynamic economic region currently includes the eastern area of Phu Yen province and Dak Lak province in the future, along with neighboring areas.
Leaders of Dak Lak province congratulate the leaders of Phu Yen province and the investors of the two key projects.
Mr. Ho affirmed that once these projects are implemented and put into operation, they will significantly increase the value of industrial production, generate substantial revenue for the provincial budget, create numerous job opportunities, and boost the socio-economic development of the province.
He expressed his hope that the investors would expedite the completion of procedures to commence the construction of the projects by September 2 this year. The provincial authorities also committed to providing full support to the investors in completing the legal procedures for the projects.
The Rush for the Riviera: $4 Billion and Counting
At the 2025 Investment Conference themed “Choose Ba Ria – Vung Tau,” the provincial People’s Committee granted investment registration certificates and investment proposals to 53 projects with a total capital of over $1 billion and 71,000 billion VND.
The Powerhouse Province: Commanding 100,000 Billion VND in Project Investments with Just 0.6% of Vietnam’s Land Area and 1% of Its Population
This province boasts immense potential for the development of marine-based industries. With its strategic location and abundant natural resources, it serves as a prime hub for fostering a robust blue economy. The region’s untapped maritime prospects present exciting opportunities for sustainable growth and prosperity.
An Open Letter from Billionaire Tran Ba Duong: THACO’s Proposal to Invest in the High-Speed North-South Railway Project Valued at US$61.35 Billion
Chairman of THACO’s Board of Directors, Tran Ba Duong, has reached out to shareholders, partners, and employees regarding the company’s proposal to invest in the North-South High-Speed Rail Project. This move showcases THACO’s sense of responsibility and determination to contribute to Vietnam’s key national infrastructure projects.
The Steel Titans’ Frenzy: 26 Million Shares Traded in 30 Minutes, Hoà Phát Leads the Metal Rush
Previously, on the trading session of November 18, 2022, HPG stock witnessed a record-breaking session with an impressive trading volume of approximately 100 million shares.
“The Chairman of Hoa Phat Group Emphasizes on Prioritizing Domestic Production: A Mandate for Government Projects”
“Mr. Tran Dinh Long, Chairman of Hoa Phat Group, has proposed that all public investment projects, such as highways, should have a minimum of 70% domestic content. This bold suggestion highlights the potential for local manufacturing and the opportunity to reduce reliance on imports. With a strong belief in the capabilities of Vietnamese industries, Mr. Long envisions a future where local products take center stage in national development, paving the way for economic growth and a more resilient Vietnam.”
