[Vietnam] Hoa Phat Expands Refrigeration Manufacturing with USD50 Million Phu My Factory

Published: Aug 25, 2026 15:34

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Hoa Phat Group is expanding its refrigeration business with a planned USD50 million factory in Phu My, designed to produce around 1.2 million refrigerators annually. The project will focus on large-capacity refrigerators for urban and developed markets, supporting Hoa Phat’s expansion into North America, Europe and Asia. The investment could also generate additional demand for high-quality flat steel and coated steel products used in appliance manufacturing, while strengthening the group’s downstream steel value chain.

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