Billionaire Tran Dinh Long's Hoa Phat Company invested 120,000 billion VND to build a steel production complex in Dak Lak.

(Chinhphu.vn) - On August 19, Hoa Phat Group held a launching ceremony for the investment project to build and operate infrastructure of Hoa Tam Industrial Park (phase 1) and Bai Goc Port in Hoa Xuan commune, Dak Lak province. This is one of 250 projects selected to start construction and inaugurate on the occasion of the 80th anniversary of National Day (September 2, 1945 - September 2, 2025).

Hoa Phat Group held a ceremony to launch the investment project for the construction and operation of infrastructure in Hoa Tam Industrial Park (phase 1) and Bai Goc Port in Hoa Xuan commune, Dak Lak province.

Chairman of Hoa Phat Group, Tran Dinh Long, stated: In response to the Government's double-digit growth target, Hoa Phat continues to expand its investment, especially in high-quality steel production. With the support of the Government, the Ministry of Industry and Trade, and Dak Lak province, Hoa Phat Group has decided to invest in Bai Goc Port and a steel and iron production complex with a total investment of VND 120,000 billion in the period from 2025 to 2030.

The integrated iron and steel complex, with a total capacity of 6 million tons per year, will be implemented in two phases. Phase 1, with a capacity of 3 million tons per year, will be launched at the end of 2025. Upon completion of the project, Hoa Phat's steel production capacity will increase from 16 million tons per year to 22 million tons per year.

"These projects are Hoa Phat's commitment to the Government and Dak Lak province in raising the position of Vietnamese steel on the world steel industry map. The project will contribute 10,000 billion VND to the State budget annually and will create jobs for 15,000 local workers," Mr. Tran Dinh Long shared.

Chairman of Hoa Phat Group, Tran Dinh Long, speaks at the launching ceremony.

The Bai Goc Port project (Hoa Xuan commune, Dak Lak province) is divided into two phases with a total investment of approximately 24,000 billion VND. Bai Goc Port will directly serve the development of the Hoa Tam industrial park, the oil refining and metallurgy complex, and the energy sector in the area.

Bai Goc Port will have the following facilities: 13 specialized berths with a carrying capacity of 250,000 DWT; 6 general cargo berths with a carrying capacity of 50,000 DWT; 6 liquid/gas export berths with a carrying capacity of up to 50,000 DWT; and 1 floating mooring area (SPM). It is expected that Bai Goc Port will be completed before 2030, ensuring the handling and processing of approximately 26 million tons of cargo per year.

Mr. Ta Anh Tuan, Chairman of the People's Committee of Dak Lak province, shared that Hoa Phat Group's investment projects in the South Phu Yen Economic Zone will contribute to making Dak Lak a new growth pole of the Central Highlands and South Central Coast region, creating a ripple effect for the development of trade and service industries in Dak Lak province; providing jobs for tens of thousands of local workers, contributing to improving people's lives, stabilizing social security and increasing sustainable budget revenue.

"These are important projects that the government and people of Dak Lak have long been hoping to implement," the Chairman of the People's Committee of Dak Lak province acknowledged.

Previously, on May 30, 2025, the People's Committee of Phu Yen province (now Dak Lak) approved the investment policy and the investor for the Hoa Tam Industrial Park infrastructure construction and operation project (Phase 1). The project is implemented by Hoa Tam Industrial Park Infrastructure Development Joint Stock Company (part of Hoa Phat Group) with a land area of ​​approximately 491 hectares and a total investment of over 4,000 billion VND. The Hoa Tam Industrial Park will be developed with comprehensive infrastructure to serve the Hoa Phat Iron and Steel Complex, with an expected capacity of 6 million tons.

Hoa Phat is the largest steel producer in Southeast Asia with 16 million tons of steel per year, ranking among the top 30 in the world. The group has created jobs for 33,000 direct employees and hundreds of thousands of indirect employees nationwide. Each year, Hoa Phat contributes approximately 15,000 billion VND to the state budget, affirming the role of a major private enterprise in the national economy.

Phan Trang

Source: https://baochinhphu.vn/hoa-phat-dau-tu-120000-ty-dong-xay-khu-lien-hop-san-xuat-thep-tai-dak-lak-102250819221430177.htm