Hoa Phat to Expand Dung Quat Rail Steel Project by 2 Million Tons

Published: Aug 13, 2026 18:28

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Vietnamese steelmaker Hoa Phat Group is planning to expand its railway and special steel rail production project in the Dung Quat Economic Zone, adding over 76.9 hectares and a further 2 million tons/year of capacity, with the expansion estimated to cost around VND 20 trillion. The existing facility, covering about 15 hectares, has a designed capacity of 700,000 tons/year and an investment of over VND 10 trillion, with rail output for high-speed lines targeted for 2027. Including this project, Hoa Phat now has seven approved projects in Dung Quat with combined planned investment near VND 194 trillion and total capacity set to reach roughly 12.8 million tons/year.

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