Hoa Phat’s project to produce steel rails and special steel in Quang Ngai is delayed due to some obstacles in investment approval procedures and land clearance. At a meeting with the Quang Ngai People’s Committee, Chairman Nguyen Hoang Giang affirmed the province’s support for Hoa Phat, designating it as a strategic investor, and urged departments to cooperate for a swift resolution of related paperwork. The project, with an investment of 14 trillion VND, aims to serve national railway projects and is planned to commence soon. Additionally, Hoa Phat has invested a total of 7 billion USD in Dung Quat Economic Zone, creating jobs for approximately 17,000 workers, mainly local labor. The company has also undertaken various social welfare activities with an expenditure of about 150 billion VND since 2017.
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