Hoa Phat to add $130M, 500K-ton wire rod line at Dung Quat 2 steel complex

Hoa Phat Group will invest an additional VND 3.4 trillion ($129.7 million) to expand its Dung Quat 2 iron and steel production complex in Quang Ngai, Vietnam, adding 500,000 tons per year of high-quality wire rod capacity, bringing total capacity to 6.1 million tons per year. The wire rod expansion is scheduled for completion in Q2 2028.

“The additional capital will raise the total investment for the project... to VND88.4 trillion ($3.37 billion), according to a decision approved by local authorities.”theinvestor.vn

• 1 source
• theinvestor.vnSteel major Hoa Phat to pour extra $130 mln into central Vietnam plantHai YenAug 7, 2025

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