Hoa Phat prepares to start construction of steel rail factory for North-South high-speed train

In August 2025, Hoa Phat Group will start construction of a factory producing high-speed train steel rails and special steel profiles.

Hoa Phat Dung Quat Iron and Steel Complex (Quang Ngai) is the largest and most modern production complex of Hoa Phat Group with a designed capacity of nearly 12 million tons/year. Photo: Hoa Phat Group

Hoa Phat Group said that in August 2025, the group will start construction of a factory producing high-speed train steel rails and special shaped steel in Dung Quat Economic Zone, aiming to provide products for key national projects such as the North-South high-speed railway project, the Hai Phong-Hanoi-Lao Cai railway project and many urban railway projects in Hanoi and Ho Chi Minh City.

Also according to Hoa Phat Group, in the second quarter of 2025, Hoa Phat Group recorded more than 36 trillion VND in revenue and 4,300 billion VND in profit after tax. In the first 6 months of the year, the Group achieved more than 74 trillion VND in revenue and more than 7,600 billion VND in profit after tax, up 5% and 23% respectively over the same period last year.

Hoa Phat Group will complete blast furnace No. 6, part of phase 2 of the Hoa Phat Dung Quat 2 Iron and Steel Complex project, in September 2025. After completion, the Group's total steel output will reach a total of 16 million tons/year, including 9 million tons of hot-rolled coil steel, meeting 100% of the demand for this product in the Vietnamese market.

In 2025, Hoa Phat plans to achieve VND170 trillion in revenue and VND15 trillion in after-tax profit. With the above results, after the first 6 months of the year, the Group has completed 44% of the revenue plan and 51% of the after-tax profit plan. The steel group and related products are the main contributors with nearly 90% to the Group's consolidated revenue.

Source: https://baohatinh.vn/hoa-phat-chuan-bi-khoi-cong-nha-may-lam-ray-thep-tau-cao-toc-bac-nam-post292101.html