# Viet Phap Steel breaks ground on $45M steel factory in Hai Phong

Viet Phap Steel Joint Stock Company held the groundbreaking ceremony for its Steel Production Factory No. 2 in Nam Dinh Vu Industrial Park, Hai Phong, with a total investment of nearly $45 million and annual capacity of 350,000 tons of steel products.

- Type: New facility
- Announced: 2024-11-12
- Where: Nam Dinh Vu Industrial Park, Hai Phong, Vietnam
- Value: $45.0M
- Status: under construction
- Capacity: 350,000 tons of steel products per year
- Products: steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Viet Phap Steel Joint Stock Company](https://endata.com/companies/80906.md)

## Sources

- [en.hailongjsc.vn](https://en.hailongjsc.vn/le-dong-tho-du-an-nha-may-san-xuat-ton-thep-viet-phap-so-2-voi-tong-von-dau-tu-gan-45-trieu-usd/), 2024-11-12: "With a total investment of nearly 45 million USD and an area of 75.000 m², the new factory has a production capacity of up to 350.000 tons of steel products per year."

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