A delegation from Dak Lak province, headed by comrade Luong Nguyen Minh Triet, Member of the Party Central Committee as well as Provincial Party Secretary, recently paid a working visit at Hoa Phat Group.

Reporting to the delegation, leaders of Hoa Phat Group delivered an overview regarding recent production plus business performance, together with development orientations for the coming period. Hoa Phat currently ranks among the two largest private enterprises nationwide, while also standing within the top 10 biggest companies in Vietnam. Within the steel industry, the group holds the position as Southeast Asia’s leading steel producer. In 2025, the corporation contributed approximately VND 13 trillion toward the State budget across 20 provinces alongside centrally governed cities, while continuing to receive recognition across numerous prestigious domestic as well as regional rankings.

The Dak Lak provincial delegation presenting a painting to Hoa Phat Group.

At present, Hoa Phat Group is proposing as well as implementing three major projects within Hoa Tam Industrial Park in Dak Lak Province. These comprise: Phase 1 infrastructure development for the industrial park, covering nearly 492 hectares with total capital exceeding VND 4.188 trillion; the Bai Goc Port project, carrying estimated capital of around VND 16.3 trillion; plus an integrated iron-steel complex designed with capacity reaching six million tonnes per year, projected to require capital amounting to VND 84 trillion while generating employment for over 24,000 workers. The projects are currently finalising required procedures and are anticipated for rollout beginning in 2026, aiming at formation of a synchronised industrial-seaport complex that will function as a growth driver regarding industrial plus logistics expansion across the region.

Hoa Phat Group has proposed that Dak Lak Province continue providing attention alongside support concerning investment procedures, infrastructure plus human resources, thereby enabling the enterprise’s operational expansion while making greater contributions toward local socio-eco development.

Expressing high appreciation for the Group’s capacity as well as contributions toward the country’s overall development in general, alongside Dak Lak Province in particular, comrade Luong Nguyen Minh Triet, Member of the Party Central Committee plus Provincial Party Secretary, affirmed that Hoa Phat Group ranks among the foremost strategic, key investors. The large-scale projects currently proposed together with implemented by the Group in Dak Lak are viewed as major growth drivers assisting the locality in realising its double-digit growth target over the coming period.

During the visit, PPC Chairman comrade Ta Anh Tuan pledged that the province would consistently accompany Hoa Phat Group, placing emphasis on prompt resolution regarding all difficulties or obstacles arising throughout project implementation, thereby enabling the enterprise’s confident operation plus sustainable development within the locality. Beyond industry, comrade Ta Anh Tuan further encouraged Hoa Phat Group to continue exploring opportunities while expanding investment across other areas representing the provincial potential strengths…

Translated by HAI LOAN