Quang Ngai commits to support Hoa Phat's key steel project

The Chairman of the People's Committee of Quang Ngai province directed units to focus on completing procedures to approve the investment policy of the Project to produce steel rails and special steel of Hoa Phat Dung Quat Steel Joint Stock Company with a total investment capital of about 14,000 billion VND.

Leaders of Quang Ngai Provincial People's Committee worked with Hoa Phat - Dung Quat Steel Joint Stock Company on the afternoon of April 25.

On the afternoon of April 25, 2025, the People's Committee of Quang Ngai province held a meeting to resolve the recommendations of Hoa Phat Dung Quat Steel Joint Stock Company regarding difficulties and obstacles in implementing projects in the area, including the project to produce steel rails and special steel of Hoa Phat Group.

A representative of Hoa Phat Dung Quat Steel Joint Stock Company said that the Group is focusing on completing the Hoa Phat Dung Quat 2 Iron and Steel Production Complex project and plans to implement many other projects in the province. In particular, the Hoa Phat Dung Quat Steel Rail and Special Steel Factory project with an investment capital of about 14,000 billion VND will start construction in the near future to fulfill its commitment to the Prime Minister on providing steel products for high-speed railway projects, serving the needs of developing national transport infrastructure and improving Vietnam's heavy industrial capacity.

Regarding the Hoa Phat Dung Quat Railway Rail and Special Steel Production Project, Hoa Phat Dung Quat Steel Joint Stock Company proposed that the Provincial People's Committee unify the policy of assigning the Dung Quat Economic Zone Management Board and the provincial industrial parks to appraise and approve the investment policy, and at the same time approve the project investor on the basis of compliance with the provincial planning, the General planning for construction of Dung Quat Economic Zone until 2045 and the Land Use Planning of Binh Son district 2025, to promptly issue a decision on the project investment policy before May 15, 2025. Directing to speed up the approval of the detailed planning 1/2000 of the industrial park east of Dung Quat Economic Zone; resolving problems regarding project implementation location, site clearance and handling of public assets.

In addition, the company also proposed a number of problems in implementing the Hoa Phat Dung Quat 2 Iron and Steel Complex project, such as: Compensation and site clearance for the project; problems related to licensing mineral exploitation of the 22.2-hectare area of ​​the project; approval of design and storage of temporary storage areas for excess materials; problems related to the allocation of specialized seaport areas; marine spatial planning, etc.

To date, Hoa Phat has invested 7 billion USD in Quang Ngai in Dung Quat Economic Zone. The key projects are the Hoa Phat Dung Quat Iron and Steel Complex and the Hoa Phat Dung Quat 2 Iron and Steel Complex with a total investment of more than 171 trillion VND, with a capacity of about 12 million tons of steel per year. From the start of the project from 2017 to 2024, Hoa Phat Dung Quat Steel has contributed nearly 35,000 billion VND to the State budget.

Mr. Nguyen Hoang Giang, Chairman of Quang Ngai Provincial People's Committee, said that Quang Ngai province always considers Hoa Phat a strategic investor. Anything under the province's authority will be handled promptly, without making businesses wait.

The Chairman of the People's Committee of Quang Ngai province also requested departments and branches to coordinate, not to pass responsibility, and shorten the time to process documents for businesses. The People's Committee of Binh Son district, which directly manages the project area, is also assigned the task of accompanying and supporting site clearance and resettlement for people in an effective and transparent manner.

The Chairman of the People's Committee of Quang Ngai province also emphasized that the Hoa Phat project to produce steel rails and special steel is an important project to serve the needs of key national projects in the railway sector. Therefore, the province will focus on resolving difficulties so that Hoa Phat can implement the project on schedule. The provincial leaders directed that, according to their functions and duties, the Management Board of Dung Quat Economic Zone (EZ) and the province's industrial parks (IPs) consult with relevant ministries and branches to complete the procedures for approving the project's investment policy in accordance with legal regulations, and report to the Provincial People's Committee before May 15.

Source: https://baodautu.vn/quang-ngai-cam-ket-ho-tro-du-an-thep-trong-diem-cua-hoa-phat-d273518.html