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On May 7, VinMetal, the steel manufacturing arm of Vingroup, and Primetals Technologies, a global metallurgical technology group, signed a memorandum of understanding for comprehensive strategic cooperation to implement a large-scale integrated steel production complex in Ha Tinh.
The cooperation covers both long steel and flat steel, using advanced, green, and digitized technologies aligned with international standards.
Under the agreement, Primetals will act as Technology Integrator. It will guide VinMetal in designing and optimizing technology solutions across the full value chain, from pig iron and steelmaking to finished steel rolling. Primetals will also coordinate and synchronize technical interfaces between project packages and EPC contractors to support seamless integration at scale.
The partnership is intended to help VinMetal minimize technical integration risks in a multi-package deployment and shorten project development timelines. This will be supported by standardizing technology and financial solutions from the outset.
In addition to technology integration, the two sides plan to expand cooperation in areas including human resources development, operations and maintenance, and digital transformation. The stated goal is to optimize overall operational efficiency and support sustainable development over the long term.
At the signing ceremony, Pham Nhat Quan Anh, VinMetal’s Chief Executive Officer, said: “Partnering with Primetals, a world-leading technology integrator in metallurgy, marks a milestone in VinMetal's long-term development strategy. We aim to build a large-scale, modern, green, and digitized steel complex that meets the highest international standards, thereby enhancing competitiveness and Vietnam's position on the global steel map.”
Kosei Tsuji, Executive Vice President of Primetals Technologies, added: “VinMetal is a partner with a long-term vision and clear commitment to sustainable development in the steel industry. We believe that the synergy between Primetals' leading technology and VinMetal's strategic direction will create an advanced, efficient, and sustainable steel complex in Vietnam.”
VinMetal is currently implementing a steel plant project in the Vung Ang Economic Zone, Ha Tinh, with initial operation planned for 2027. The project is expected to become a high-tech steel complex producing high-quality steel products for domestic industry and infrastructure development, as well as for exports.
Overall, the MoU with Primetals is described as a foundational platform to accelerate project deployment and support seamless integration across technology, finance, and operations, with the aim of delivering a modern, efficient, and sustainable steel complex in line with international standards.
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