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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Hoa Phat Group’s CEO, Mr. Nguyen Viet Thang, said the company targets an average growth rate of 15% per year for the 2026–2031 period, aligning with the government’s objective of two-digit economic growth.
To support national priorities, Hoa Phat will continue investing in strategic infrastructure projects, particularly the Hoa Phat Dung Quat steel-rail and special steel plant. The project broke ground in 2025 and is expected to supply products from 2027 to serve national rail projects.
Mr. Thang said the plant is shifting toward high-quality steel production, describing it as both a commercial initiative and a contribution to Vietnam’s industrialization strategy. He said: “We invest in the plant for one simple reason: if no one does it, Vietnam will never have a real railway industry. Each kilogram of domestically produced rail is one less foreign currency outflow.”
The plant has a total investment of 10,000 billion VND and a capacity of 700,000 tons per year. By the end of March 2026, the project had reached 35% completion.
The company expects to begin producing high-speed rail rails in Q1 2027 to support key national rail projects.
Mr. Thang said a major current advantage is a stable business environment and a clear private sector development policy. He also noted that Hoa Phat faces challenges from global economic fluctuations.
To adapt, the company is accelerating digital transformation and green transformation, improving production efficiency, diversifying supplies, and expanding markets.
Hoa Phat’s strategy keeps steel as the core for high-quality products serving manufacturing, transportation, and energy, while expanding into agriculture, home appliances, and industrial real estate to create long-term growth drivers.
To achieve its targets, the group prioritizes maximizing current capacity and implementing high-quality steel projects, especially the rail production project, which it described as an essential link in the country’s industrialization strategy.
On policy, the company called on the government to maintain macro stability, accelerate administrative procedures, and implement policies that support domestic production to foster fair and transparent competition. Mr. Thang said Hoa Phat does not seek special mechanisms, but rather a stable, long-term environment to participate in national strategies.

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