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2 clusters · 4 sources · 3 days · First seen · Last updated

Vingroup industrial investments in Ha Tinh

Overview

Vingroup is undertaking significant industrial developments in Ha Tinh province, Vietnam, within the Vung Ang Economic Zone.

One major initiative involves the VinMetal steel complex, a project with an investment of approximately 79,986.5 billion VND. Spanning 460 hectares, the facility aims to produce high-quality products such as hot-rolled coil, high-strength steel, and special alloy steels for sectors including electric vehicle manufacturing and high-speed transportation. Primetals Technologies is serving as the technology partner for the production chain.

Simultaneously, Vingroup is expanding its industrial real estate presence through its subsidiary, Vinhomes Ha Tinh Industrial Park Investment JSC. The company announced a capital increase of 9,500 billion VND for the Vinhomes Vung Ang Industrial Park project. This 965-hectare development represents a significant increase in capital compared to original 2024 approvals and is scheduled for completion by the fourth quarter of 2030.

Entities

Hà Tĩnh · Vung Ang Economic Zone · Vingroup · VinMetal · Vinhomes Ha Tinh Industrial Park Investment JSC

Timeline

  1. [BUSINESS] 3 sources
    Vingroup invests 9,500 billion VND in Ha Tinh industrial park project

    Vingroup is injecting 9,500 billion VND into its Vinhomes Ha Tinh subsidiary to develop the 965-hectare Vinhomes Vung Ang Industrial Park, aiming for completion by late 2030.

  2. [BUSINESS] 2 sources
    VinMetal steel complex in Ha Tinh to receive 80 trillion VND investment

    Vingroup is investing nearly 80 trillion VND in the VinMetal steel complex in Ha Tinh, Vietnam, to produce high-quality steel for electric vehicles and high-speed infrastructure.

Sources

cafebiz.vn · cafef.vn · kenh14.vn · soha.vn