The project is planned to be developed on more than 461 hectares at Vinhomes Vung Ang Industrial Park, located within the Vung Ang Economic Zone in Ha Tinh province.
The total investment for the VinMetal Ha Tinh Steel Production Plant is estimated at approximately VND 80 trillion. Around VND 12 trillion of this amount is planned to be financed through the investor's equity contribution, accounting for %15 of the total investment. The remaining approximately VND 68 trillion is expected to be financed through credit institutions and other legal financing sources.
Annual production capacity to reach 5 million mt
The facility, which is planned to use imported scrap as its raw material, will have a total annual steel production capacity of 5 million mt.
Of the planned capacity, 3 million mt will consist of hot rolled coil (HRC), 1.4 million mt of steel bars and rebar, and 600,000 mt of wire rod.
Construction of the project is scheduled to begin in the fourth quarter of 2026, while commercial operations are expected to start in the first quarter of 2031.
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