Hoa Phat invests 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 construct 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 the Kick-off Ceremony of the project to invest in construction and business of infrastructure of Hoa Tam Industrial Park (phase 1) and Bai Goc Port in Hoa Xuan commune, Dak Lak province.

Hoa Phat Group Chairman Tran Dinh Long said: Responding to the Government's double-digit growth target, Hoa Phat continues to expand investment, especially in the production of high-quality steel. With the support of the Government, the Ministry of Industry and Trade and Dak Lak province, Hoa Phat Group decided to invest in Bai Goc Port and the Iron and Steel Production Complex with a total investment of VND120,000 billion in the period from 2025 to 2030.

Of which, the Iron and Steel Complex with a total capacity of 6 million tons/year will be implemented in 2 phases. Phase 1 with a capacity of 3 million tons/year will be implemented from the end of 2025. When the project is completed, Hoa Phat's steel production capacity will increase from 16 million tons/year to 22 million tons/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 each year as well as 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 2 phases with a total investment of about 24,000 billion VND. Bai Goc Port will directly serve the development of Hoa Tam Industrial Park, oil refinery, metallurgy and energy industry in the area.

Bai Goc Port has a scale of: 13 specialized berths with a capacity of 250,000 DWT; 6 general berths with a capacity of 50,000 DWT; 6 berths for exporting liquid/gas cargo with a capacity of up to 50,000 DWT and 1 buoy berth area (SPM). Bai Goc Port is expected to be completed before 2030, ensuring the loading and unloading of about 26 million tons of goods per year.

Mr. Ta Anh Tuan, Chairman of Dak Lak Provincial People's Committee, shared that Hoa Phat Group's projects invested in Nam Phu Yen Economic Zone will contribute to making Dak Lak a new growth pole of the Central Highlands and South Central Coast, creating a spillover effect for the development of trade and service sectors of Dak Lak province; creating 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 wanted to implement," the Chairman of the Dak Lak Provincial People's Committee acknowledged.

Previously, on May 30, 2025, the People's Committee of Phu Yen province (now Dak Lak) approved the investment policy and approved the investor of the Hoa Tam Industrial Park Infrastructure Construction and Business Investment Project (phase 1). The project is implemented by Hoa Tam Industrial Park Infrastructure Development Joint Stock Company (under Hoa Phat Group) with a land use scale of about 491 hectares; total investment capital of more than 4,000 billion VND. Hoa Tam Industrial Park is invested in synchronous infrastructure construction with the goal of serving the formation of 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, equivalent to TOP 30 in the world. The Group has created jobs for 33,000 direct workers and hundreds of thousands of indirect workers nationwide. Each year, Hoa Phat contributes about 15,000 billion VND to the state budget, affirming the role of a large private enterprise in the country's 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