Hoa Phat Infrastructure Development JSC (stock code: HPG), a subsidiary of Hoa Phat Group, is currently seeking environmental impact assessments (EIA) for the Hoa Tam Industrial Zone (IZ) Infrastructure Development and Business Investment Project – Phase 1 in Hoa Xuan Commune, Krong Nang District, Dak Lak Province.
The project received investment approval from Dak Lak Provincial People’s Committee (formerly Phu Yen) on May 30th, with Hoa Phat designated as the investor. On August 19th, 2025, Hoa Phat held a groundbreaking ceremony, marking a significant milestone in the group’s industrial zone infrastructure development strategy.
Hoa Phat Group Chairman Tran Dinh Long speaks at the groundbreaking ceremony.
The project covers approximately 491 hectares with a total investment of over VND 4,188 billion, including VND 628 billion in equity.
Hoa Tam IZ is designed with synchronized infrastructure to support the establishment of the Hoa Phat Steel Complex, projected to have a capacity of 6 million tons per year.
Located within the Nam Phu Yen Economic Zone, a key industrial and logistics growth hub in Central Vietnam, the IZ benefits from excellent external connectivity. It is directly linked to the Phu Khe – Phuoc Tan highway (72m wide) currently under construction, as well as National Highway 29, providing easy access to Tuy Hoa City and Vung Ro Deep-Sea Port.
The land use plan allocates over 379 hectares for factories with a maximum building density of 70% and a height limit of 5 floors. The service area covers over 5 hectares, with a maximum density of 40% and a height limit of 10 floors.
According to the EIA report currently under consultation, the investor aims to complete all procedures by April 2026. Construction is scheduled to begin in May 2026 and be completed by April 2029, with operations commencing in May 2029.
In March 2024, Hoa Phat signed a Memorandum of Understanding to invest in three major projects in Nam Phu Yen: Bai Goc Port, Hoa Tam IZ, and the Steel Complex, with a total investment of up to VND 120,000 billion.
As of the end of 2024, Hoa Phat owns 1,488 hectares of industrial land across Hung Yen, Ninh Binh, and Bac Ninh provinces. In 2024 alone, the group handed over more than 57 hectares of land to secondary investors.
In addition to Hoa Tam, Hoa Phat plans to develop Hoang Dieu IZ (245 hectares, total investment of over VND 3,389 billion) in Hai Phong, with construction expected to start in Q1 2026 and finish by the end of 2027. Over the next decade, the group aims to expand its portfolio to 10 industrial zones, creating a large-scale industrial-logistics-steel ecosystem.
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