The Phu Yen Economic Zone Management Board held a conference to outline tasks for 2026, committing to support businesses and investors in executing major projects. Hoa Phat Group (HoSE: HPG) has three significant projects: Bai Goc Port, Hoa Tam Industrial Park (phase 1), and the Hoa Phat steel complex, with a total investment of about 120 trillion VND. Hoa Tam Industrial Park covers 1,080 ha with an investment of 13.3 trillion VND. Bai Goc Port, spanning 370 ha, has an investment of around 24 trillion VND and will link directly with the Hoa Tam IP and serve the Hoa Phat steel complex. The steel plant project in Phu Yen is set at 86 trillion VND with a designed capacity of 6 million tons of steel per year, divided into two phases, with the first phase achieving 3 million tons/year. This project is seen as Hoa Phat’s third “steel punch” after Dung Quat 1 and 2. It has completed initial legal procedures and is expected to break ground soon.
Leave a Reply