Vietnam's Hoa Phat focuses resources for Dung Quat II project

Hoa Phat Group (HPG), the largest steelmaking group in Vietnam, stressed that it will focus resources on implementing its Dung Quat II Iron and Steel Production Complex project this year, Mysteel Global learned from the company's annual general meeting of shareholders held in Hanoi on March 30.

The project involves expanding HPG's existing 4 million tonnes/year capacity integrated works in Dung Quat in Vietnam's central Quang Ngai province, commissioned in 2020 and managed by group member Hoa Phat Dung Quat Steel Joint Stock Company (Hoa Phat Dung Quat Steel JSC). For a planned investment of VND 85