Why billionaire Trần Đình Long says that the DA in Phú Yên is the last land in Vietnam that can build a steel factory?

In Phú Yên, Hòa Phát Group proposed to build an integrated steel complex with an investment of 86 trillion VND and plans to operate by 2029. Chairman Trần Đình Long believes this could be the “last land” in Vietnam with the potential to build a steel factory. The site covers 538 hectares, near a deep-water port, facilitating the steel industry that relies on imported iron ore. Factors like strategic location, little conflict with other industries, and existing infrastructure make Phú Yên attractive. Although many projects have faced difficulties, such as Cà Ná and Nhơn Hội, there is still potential for development if planning changes. If the Phú Yên project succeeds, it will create tens of thousands of jobs and help boost local economic development like in Quảng Ngãi.