# Hyosung Vietnam to build $1B carbon fiber factory in Ba Ria-Vung Tau

Hyosung Vietnam plans to invest $1 billion in building a carbon fiber factory in Ba Ria-Vung Tau province, Vietnam, with initial investment of $160 million in the first phase. The project will be located at Phu My 2 Industrial Park.

- Type: New facility
- Announced: 2023-07-25
- Where: Ba Ria-Vung Tau province, Phu My 2 Industrial Park, Vietnam
- Value: $1.00B
- Status: announced
- Products: carbon fiber
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hyosung Vietnam Corp. Ltd.](https://endata.com/companies/32745.md)

## Sources

- [en.vneconomy.vn](https://en.vneconomy.vn/hyosung-vietnam-to-build-carbon-fiber-factory-in-ba-ria-vung-tau.htm), 2023-07-25: "Hyosung Vietnam has revealed plans to invest $1 billion in building a carbon fiber factory in southern Ba Ria-Vung Tau province."

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