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Hoa Phat's Rail and Steel Production Plant Has Completed Nearly 70% of Its Construction Schedule.
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Hoa Phat's special steel plant project in Dung Quat is progressing ahead of schedule, expected to be completed by the end of 2026 with a capacity of 700,000 tons per year. Hoa Phat produced 7 million tons of steel in the first half of 2026, an increase of 36%. Hoa Phat inaugurated a steel pipe factory in Tay Ninh with a capacity of 400,000 tons. Hoa Phat Group recorded VND 15,515 billion in after-tax profit, an increase of 29%.
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