[Vietnam] Investment funds closely monitor Hoa Phat’s special rail and steel rail project

Published: Aug 17, 2026 15:26

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Hoa Phat Group (HPG) met with domestic and international investment funds on August 13, with investors showing strong interest in the progress of its Dung Quat special rail and steel rail factory. The project, with a designed capacity of 700,000 tonnes/year, is currently around 60% complete, with the first furnace for high-speed rail products expected to launch in Q1 2027. Hoa Phat also plans to expand its railway steel production facilities by nearly 77 hectares, potentially adding 2 million tonnes/year of capacity with additional investment of around VND 20 trillion. Investors also raised questions about the group’s real estate portfolio and clean-energy initiatives, including solar power projects aimed at reducing emissions and production costs.

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