Hoa Phat Group commits to partnering with the government on strategic infrastructure projects

Hoa Phat Group said it is committed to partnering with the Government on strategic infrastructure projects during the 2026-2031 term, aiming to support the country’s two-digit growth target in the new era.

In an interview with the Government Portal, Mr. Nguyen Viet Thang, CEO of Hoa Phat Group, stated that the company will actively cooperate with the Government to advance strategic infrastructure projects and targets average annual growth of 15% over 2026-2031.

Government directions and Hoa Phat’s cooperation

The new government administration has unveiled five major directions, including unlocking national resources, improving institutions, reducing administrative procedures, and ensuring the promotion of two-digit growth. Hoa Phat said the private sector, including the group, welcomes the new term’s resolve and vision to lead national development with “high growth, sustainable, tangible” progress.

Strategic infrastructure focus: rail and special steel

Against a backdrop of volatile international economic and political conditions, Hoa Phat—described as a leading private enterprise and among Vietnam’s top 10—said it will maintain its commitment to 15% annual growth in 2026-2031 to contribute to the country’s two-digit growth target.

Hoa Phat also pointed to recent guidance from General Secretary and President To Lâm, urging the Government to effectively utilize resources and focus on strategic projects that add value, while strengthening key infrastructure, including the North-South high-speed rail and the national rail industry.

To accompany the Government, Hoa Phat said it has proactively invested in the Rail and Special Steel Plant project at Dung Quất, Quảng Ngãi, which began in 2025. The group aims to supply rails and rail components meeting international standards as early as 2027.

Hoa Phat said it is among the world’s top 30 steel producers and emphasized the importance of mastering core technologies to achieve national self-reliance in rail infrastructure, reduce import dependency, and create local employment.

Immediate priorities to support the growth target

Hoa Phat said a stable domestic business environment is a key advantage. The group noted that policies to encourage and protect domestic production have been introduced, and called for stronger messaging to support domestic production with fair competition and transparent laws.

The company also highlighted the need for macro stability—specifically interest rates, exchange rates, and logistics costs—along with predictable long-term planning.

Hoa Phat said private enterprises can take on roles previously performed by the State, provided they have capability, transparency, and long-term commitments. It added that private capital can be mobilized and technology acquired, while stating that only the State can set and drive long-term industrial strategy for 20-30 years.

Concluding, Hoa Phat said it does not seek special treatment, but aims to be among the capable entities contributing to the country’s industrialization strategy.