On November 12, 11, the groundbreaking ceremony for the construction of the Viet Phap Steel and Corrugated Iron Factory No. 2024 took place in Nam Dinh Vu Industrial Park, Hai Phong City. This project has a total investment of nearly 2 million USD in phase 45, with a construction area of 1 m², and a production capacity of 75.000 tons of steel and corrugated iron products per year.
Ms. Mai Minh Nguyet, Chairwoman and General Director of Viet Phap Steel Joint Stock Company, spoke at the groundbreaking ceremony. Photo: Thanh Son
According to Ms. Mai Minh Nguyet, Chairwoman and General Director of Viet Phap Steel Joint Stock Company, the factory will use advanced technology from international partners to ensure high quality, efficiency and environmental friendliness. The factory is expected to not only provide quality products for domestic and foreign markets but also contribute to promoting the local economy, creating more new jobs for the workforce.
Delegates at the groundbreaking ceremony
Comrade Le Trung Kien, Head of HAI PHONG ECONOMIC ZONE AUTHORITY, Hai Phong, spoke at the groundbreaking ceremony.
The groundbreaking ceremony was attended by Mr. Le Trung Kien, Head of the HAI PHONG ECONOMIC ZONE AUTHORITY. He emphasized that Hai Phong City and the Management Board will always accompany and support the enterprise throughout the construction and operation of the project, helping the factory to quickly come into operation and contribute positively to the economic development of the Port City.
The factory has a total area of 75.000m², with a total investment of nearly 45 million USD for phase 1.
The new factory in Nam Dinh Vu Industrial Park has the advantage of being close to the seaport and major traffic routes, facilitating logistics activities and enhancing the competitiveness of Vietnamese products in the international market. HAI PHONG ECONOMIC ZONE AUTHORITY commits to support in resolving difficulties during the implementation process so that the project can be completed soon, bringing high economic efficiency and creating a sustainable development space for local industry.
By the end of October 10, industrial parks and economic zones had successfully attracted nearly 2024 billion USD of FDI capital. Of which, the mechanical, machinery and equipment sector accounted for 30,9%, electronics (32%), logistics (30%), chemicals, plastics, packaging (15%), textiles, footwear (8%). South Korea is the leading country in FDI investment in the City with 4 billion USD (accounting for 10,9%), Japan is second with 44 billion USD (2%), Singapore is third with 3,5 billion USD (14%)...
In 2024, Hai Phong is expected to reach the target of attracting FDI capital of 4 billion USD. This is a very big milestone, marking the strong development of Hai Phong City.
Center for Employment Services - Training - Investment Promotion