Permanent Deputy Prime Minister Nguyen Hoa Binh visits Hoa Phat Dung Quat Steel and wishes a Happy New Year

On the morning of January 14, 2025, a delegation led by Permanent Deputy Prime Minister Nguyen Hoa Binh visited Hoa Phat Dung Quat Steel Joint Stock Company in central province of Quang Ngai to extend New Year greetings.

Permanent Deputy Prime Minister Nguyen Hoa Binh visits and presents gifts to Hoa Phat Dung Quat Steel employees

The delegation included Mr. Huynh Thanh Xuan, Vice President of the Vietnam General Confederation of Labor; Ms. Bui Thi Quynh Van, Member of the Party Central Committee, Secretary of the Provincial Party Committee, and Chairwoman of the People's Council of Quang Ngai Province; Mr. Nguyen Hoang Giang, Chairman of the People's Committee of Quang Ngai province; as well as representatives from Binh Son District, the Dung Quat Economic Zone Management Board, and other relevant departments. Welcoming the delegation from Hoa Phat Dung Quat Steel were the company’s Board of Directors and department heads.

Mr. Mai Van Ha, Director of Hoa Phat Dung Quat Steel, reported to Permanent Deputy Prime Minister Nguyen Hoa Binh that Hoa Phat Group has been approved to invest in eight projects within the Dung Quat Economic Zone, with a total investment of approximately VNĐ180 trillion. Key projects include the Hoa Phat Dung Quat Iron and Steel Complex and the Hoa Phat Dung Quat 2 Iron and Steel Complex, with a combined investment of over VNĐ171 trillion.

Once the Hoa Phat Dung Quat 2 Iron and Steel Complex is completed, Hoa Phat’s steel production capacity will exceed 14 million tons per year, positioning the company among the world’s top 30 largest steel producers by 2025. Hoa Phat's projects in Dung Quat have created jobs for about 19,000 direct workers, with more than 80 per cent of them being local, along with tens of thousands of workers employed by contractors and partners.

The company’s current focus is on completing the Hoa Phat Dung Quat 2 project and ensuring its stable operation, while also continuing to invest in high-quality steel products to meet the needs of key national projects between 2026 and 2030.

In his update, Mr. Mai Van Ha also mentioned that in early February 2025, the company will celebrate the milestone of producing its 25 millionth ton of steel at the Hoa Phat Dung Quat Iron and Steel Complex, marking the 8th year of the company’s investment in the Dung Quat Economic Zone.

Deputy Prime Minister Nguyen Hoa Binh praises Hoa Phat Dung Quat Steel’s efforts and achievements

Permanent Deputy Prime Minister Nguyen Hoa Binh acknowledged and commended the significant achievements of Hoa Phat after eight years of investment in Quang Ngai Province, highlighting the company’s contribution to industrial production and local employment. He also praised the support from Quang Ngai authorities, which has been crucial for the successful implementation of Hoa Phat’s projects. The Deputy Prime Minister encouraged the company to continue developing and producing high-quality steel, particularly steel rails for the North-South high-speed railway.

On the occasion of the Tết (Lunar New Year) 2025, Deputy Prime Minister Nguyen Hoa Binh wished the staff and workers of Hoa Phat Dung Quat Steel good health and continued success.

The delegation also took a commemorative photo with the Board of Directors of the company and department representatives.

HPG News