Wednesday , May 22 2024

Hoa Phat eyes $5 bln seaport, industrial complex in central province

Steel giant Hoa Phat Group wants to build a seaport and infrastructure for an industrial park for a total VND120 trillion ($5.16 billion) in the central province of Phu Yen.

The company plans to complete the two projects, Bai Gioc seaport and Hoa Tam industrial park, within three years of receiving construction certificates and the cleared land, it said in a recent meeting with Phu Yen leaders.

Upon completion, the projects would contribute VND6 trillion a year to the provincial budget and create 12,000 jobs.

Phu Yen leaders said these projects are in line with the province’s development strategy and will help boost its economy.

Hoa Phat this year has proposed several major projects, including a seaport, a deep-water port, a steel factory, an urban residential area, and an aluminum project in the provinces of Quang Tri, Thua Thien Hue and Dak Nong.

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