[Hoa Phat proposes VND 20 trillion expansion of Dung Quat rail steel project]

Published: Aug 10, 2026 14:16

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Hoa Phat Group has proposed expanding its railway and special steel rail production project in the Dung Quat Economic Zone by more than 76.9 hectares, adding 2 million mt/year of capacity and around VND 20 trillion in investment. The project currently has a designed capacity of 700,000 mt/year, with investment of more than VND 10 trillion across nearly 15 hectares. Hoa Phat expects the facility to produce high-speed railway and shaped steel rails by 2027. The group currently has seven approved projects in Dung Quat with total expected investment of around VND 194 trillion and steel production capacity of approximately 12.8 million mt/year.

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