Hoa Phat Group, Vietnam’s leading steelmaker, has launched three subsidiaries to spearhead major projects worth VND 114.47 trillion in Phu Yen province. 

These projects include the development of the 492-hectare Hoa Tam Industrial Park, the Bai Goc Port project, and the Hoa Phat Integrated Steel Complex with a 6-million-ton annual capacity.

The port, designed to handle vessels up to 220,000 DWT, is slated for completion by 2030. Meanwhile, the steel complex will be developed in two phases, each with an annual capacity of 3 million tons, and is expected to take 36 months to build after investment approval and land allocation.

These strategic developments mark Hoa Phat’s significant expansion into the industrial and logistics infrastructure of south-central Vietnam.