The central province of Thua Thien-Hue is seeking investment for a major steel project valued at 32 trillion VND (1.28 billion USD) in the Chan May-Lang Co Economic Zone.
According to the provincial Management Board of Economic Zones and Industrial Parks, the Chan May Green Steel Factory will span 236.5 hectares and focus on producing hot-rolled coil (HRC) and high-quality technical steel, with an annual capacity of 3 million tonnes.
The total project cost is estimated at 32 trillion VND, with investors required to contribute at least 15 percent of this amount.
The project is planned to have a lifespan of 70 years, with construction slated to begin in the third quarter of 2025 and operations expected to commence within 36 months.
The Chan May Green Steel Factory will incorporate advanced technologies from developed nations in the EU, G7, and G20, and will prioritize the use of clean energy in production. Wastewater from the facility will be fully recycled.
Interested investors are invited to submit their proposals to the Management Board by September 26.
In March, the province announced plans to attract investment in 112 projects within the Chan May-Lang Co Economic Zone for the 2024-2025 period, including the Chan May Green Steel project, with total investment potentially reaching several trillion VND.
