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 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 VND 14,000 billion 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 enhancing 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 difficulties in implementing the Hoa Phat Dung Quat 2 Iron and Steel Complex project, such as: Compensation and site clearance for the project; difficulties related to licensing mineral exploitation of the 22.2 ha area of ​​the project; approval of design and storage of temporary storage areas for excess materials; difficulties related to the allocation of specialized seaport areas; marine space 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 and a capacity of about 12 million tons of steel per year. From the start of the project in 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 Quang Ngai Provincial People's Committee also requested departments and branches to coordinate, not to pass the buck, and to shorten the time to process documents for businesses. The Binh Son District People's Committee, 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 Quang Ngai Provincial People's Committee also emphasized that the Hoa Phat Steel Rail and Special Steel Production Project 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 tasks, the Dung Quat Economic Zone (EZ) Management Board 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