# Hoa Phat to invest $130M in new container factory in Ba Ria-Vung Tau, Vietnam

Hoa Phat announced it will invest US$130 million to build a new container factory near Ho Chi Minh City in Ba Ria-Vung Tau, with an initial capacity of 180,000-200,000 TEU per year, eventually reaching 500,000 TEU per year.

- Type: New facility
- Announced: 2021-05-08
- Where: Ba Ria-Vung Tau, Vietnam
- Value: $130.0M
- Status: announced
- Capacity: 500,000 TEU per year (initial 180,000-200,000 TEU)
- Products: shipping containers (20ft and 40ft)
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Hoa Phat Group](https://endata.com/companies/25782.md)

## Sources

- [trident-containers.com](https://trident-containers.com/hoa-phat-opens-new-container-factory-in-vietnam/), 2021-05-08: "We chose Ba Ria – Vung Tau to set up our first factory because it is located in the economic engine area of the Southeast region, close to major seaports."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.