HD Hyundai Eco Vina breaks ground on $451M manufacturing project in Quang Ngai

HD Hyundai Eco Vina has officially broken ground on an eco-friendly independent tank production facility located in the Dung Quat Economic Zone, Quang Ngai province. The project involves a total investment of $451 million, which includes a recent $116 million expansion. Spanning over 101 hectares, the facility aims to establish a high-tech manufacturing hub for gas tanks, port cranes, and eco-friendly shipbuilding components.

The new production area is expected to serve as a strategic base to supply tanks to the HD Hyundai Group’s global shipbuilding operations. The company is also restructuring its existing production layout and investing in new machinery to begin tank production by 2027.

Nguyen Duc Tam, Chairman of the Quang Ngai People's Committee, stated that the project aligns with Vietnam’s national strategic orientation toward green development and emission reduction. The project is expected to maintain the employment of 1,500 current workers and create plans to recruit and train an additional 1,500 local employees.