Hoa Phat (HoSE: HPG) signed a contract worth 4.02 billion CNY (approximately 14.088 trillion VND) with the China Metallurgical Corporation for the Dung Quat 2 steel complex project. This project has a total investment of 85 trillion VND, aiming to produce 5.6 million tons of hot-rolled steel annually. The China Metallurgical Corporation (MCC) expressed its desire to expand cooperation with Vietnam in building transport, energy and irrigation infrastructure. Mr. Zhu Guangxia, Vice Chairman of MCC, stated that the company has a tradition of working in many countries and has invested significantly in Vietnam since 2011. Hoa Phat has contributed nearly 35 trillion VND to the state budget from 2017 to 2024 and is looking to expand construction projects in metropolitan and transport infrastructure.
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