In less than a month, Hoa Phat will start construction of a steel railway production plant to serve the North-South high-speed railway project

Hoa Phat Group (HPG) will break ground on a high-speed steel railway and special steel production plant in Dung Quat, Quang Ngai on August 19, 2025. The plant will provide products for key projects such as the North-South railway, Hai Phong – Hanoi – Lao Cai railway, and urban railways in Hanoi and Ho Chi Minh City. Hoa Phat has signed a partnership with SMS group (Germany) to supply the production technology with a capacity of 700,000 tons/year. The production line uses the most modern European systems, ensuring product quality to international standards. Hoa Phat expects to launch the first batch of rails in Q1 2027, becoming the only company in Southeast Asia producing rails for high-speed railways. In terms of business results, in Q2 2025, Hoa Phat recorded revenues of 36 trillion VND and a profit of 4.3 trillion VND, marking the highest level in 3 years. The group sets a target of 170 trillion VND in revenue and 15 trillion VND in profit for 2025.