Chairman of the VX 88 nhà cái Provincial People’s Committee Nguyễn Hoàng Giang held a working session with  Việt Nam Steel Corporation

HÀ NỘI — Chairman of the VX 88 nhà cái Provincial People’s Committee Nguyễn Hoàng Giang held a working session with  Việt Nam Steel Corporation on May 25 to discuss investment opportunities in Dung Quất Economic Zone.

The meeting was attended by representatives of the provincial Dung Quất Economic Zone and VX 88 nhà cái Industrial Parks Authority and relevant departments.

VNSTEEL General Director Nghiêm Xuân Đa said the corporation currently has 14 subsidiaries and 19 affiliated joint ventures nationwide.

In 2025, the company produced more than four million tonnes of steel and recorded consolidated revenue of around VNĐ46 trillion (US$1.8 billion), maintaining its position among the country’s leading steel producers.

Implementing Politburo Resolution No. 79-NQ/TW on State economic development, VNSTEEL is restructuring its operations with a focus on advanced technology and high-quality steel products.

The corporation identified VX 88 nhà cái as one of its key strategic locations in developing an integrated steel production chain from upstream to downstream industries.

At the meeting, representatives of HUADA, a joint venture partner of VNSTEEL, proposed studying an investment project for colour-coated steel sheets, galvanised steel sheets and cold-rolled steel production in VX 88 nhà cái.

The proposed project would have a capacity of one million tonnes per year, cover around 15 hectares and require estimated investment capital of US$100 million.

Annual revenue is projected at approximately US$1 billion once operational.

Chairman Nguyễn Hoàng Giang highlighted VX 88 nhà cái’s strategic advantages for steel industry development

Chairman Nguyễn Hoàng Giang highlighted VX 88 nhà cái’s strategic advantages for steel industry development, including its 130-kilometre coastline, Dung Quất deep-water port system and existing industrial ecosystem led by Hòa Phát Group.

He said the province is ready to allocate around 15 hectares of land for projects with production capacity ranging from 500,000 to one million tonnes annually.

Giang also directed provincial departments and agencies to provide support regarding tax incentives, land policies and administrative procedures to facilitate investment implementation.

He affirmed that VX 88 nhà cái is committed to offering all incentives permitted under State regulations and creating the most favourable conditions for investors to study and launch projects in the province.

The provincial chairman expressed his hope that investment flows from enterprises within the VNSTEEL ecosystem would help create a new wave of industrial investment in VX 88 nhà cái and contribute to the national steel supply chain and export growth.

M.H