Groundbreaking ceremony of the 45 million USD Viet Phap steel factory

On the morning of November 12, the groundbreaking ceremony for the construction of the Vietnam-France Steel and Iron Factory No. 2, with a total investment of 45 million USD, was held at Nam Dinh Vu Industrial Park, Hai Phong City.

Hai Phong: Groundbreaking ceremony of the 45 million USD Viet Phap steel factory

On the morning of November 12, the groundbreaking ceremony for the construction of the Vietnam-France Steel and Iron Factory No. 2, with a total investment of 45 million USD, was held at Nam Dinh Vu Industrial Park, Hai Phong City.

The factory has a total area of ​​75,000 m2, with a total investment of nearly 45 million USD for phase 1; with a production capacity of up to 350,000 tons of steel products per year. The project is invested by Viet Phap Steel Joint Stock Company and Hai Long Construction Joint Stock Company as the general contractor.

Ms. Mai Minh Nguyet, Chairwoman and General Director of Viet Phap Steel Joint Stock Company, spoke at the groundbreaking ceremony. Photo: Thanh Son

Ms. Mai Minh Nguyet, Chairwoman and General Director of Viet Phap Steel Joint Stock Company, said that the factory will apply the most modern production technology from international partners, ensuring high quality standards, efficiency and environmental friendliness. When completed, the factory will contribute not only to providing quality products, but also to promoting local economic development, creating many new job opportunities.

The factory is located in Nam Dinh Vu Industrial Park, with outstanding transportation advantages, located near major seaports and national connecting routes. This helps shorten transportation time, optimize logistics costs and increase the competitiveness of Vietnamese products when reaching international partners.

Nam Dinh Vu Industrial Park has outstanding traffic advantages, located near a large seaport, helping to shorten transportation time, optimize logistics costs and increase the competitiveness of Vietnamese products when reaching international partners. Photo: Thanh Son

Speaking at the groundbreaking ceremony, Mr. Le Trung Kien, Head of the Hai Phong Economic Zone Management Board, congratulated the results achieved by Viet Phap Steel Corporation in recent times. Viet Phap Steel chose Nam Dinh Vu Industrial Park of Sao Do Group, which is an industrial park with good infrastructure, good electricity and other facilities, and close to the port. Hai Phong City as well as the Management Board are always committed to supporting and creating the most favorable conditions for businesses to operate and develop production and business with the best results and satisfaction.

Mr. Le Trung Kien, Head of the Hai Phong Economic Zone Management Board, pledged to support and create the most favorable conditions for businesses to operate and develop production and business with the best results and satisfaction. Photo: Thanh Son

The Head of the Hai Phong Economic Zone Management Board requested the investor and contractor to focus human and material resources to put the Project into use as quickly and effectively as possible, ensuring safety during the construction process. The Hai Phong Economic Zone Management Board will support and remove difficulties during the implementation process so that the Project can soon come into operation.

Delegates perform the groundbreaking ceremony. Photo: Thanh Son

Providing more information at this groundbreaking ceremony, Mr. Le Trung Kien said: Hai Phong is planning to establish an additional coastal economic zone in the South of Hai Phong with an area of ​​about 20,000 hectares - a 3.0 generation, multi-industry eco-economic zone, focusing on high-tech industry, seaports, modern logistics and smart urban areas, as the city's hub to participate in the regional and world value and supply chains. In particular, Hai Phong proposed to establish a Free Trade Zone with many specific mechanisms and policies, promising to create a large, dynamic, attractive and potential development space for the City.

Mr. Pham Anh Tien, Chairman of Hai Long Construction Joint Stock Company - General Contractor of the Project, spoke at the ceremony. Photo: Thanh Son

On the side of the general contractor, Mr. Pham Anh Tien, Chairman of Hai Long Construction Joint Stock Company said: With our capacity and experience, we will successfully implement this project according to the quality and progress as committed to the investor, Viet Phap Steel Joint Stock Company.

By the end of October 2024, industrial parks and economic zones have successfully attracted nearly 30.9 billion USD of FDI capital. Of which, the mechanical, machinery and equipment sector accounts for 32%, electronics (30%), logistics (15%), chemicals, plastics, packaging (8%), textiles, footwear (4%). South Korea is the leading country in FDI investment in the City with 10.9 billion USD (accounting for 44%), Japan is second with 3.5 billion USD (14%), Singapore is third with 3 billion USD (12%)...
In 2024, Hai Phong is expected to reach the target of attracting FDI capital of 4 billion USD. This is a huge milestone, marking the strong development of Hai Phong City.

Source: https://baodautu.vn/hai-phong-dong-tho-nha-may-san-xuat-ton-thep-viet-phap-45-trieu-usd-d229817.html