What is the latest status of the project “Hoa Phat Dung Quat 2 Steel Complex Expansion”?

The status recorded for “Hoa Phat Dung Quat 2 Steel Complex Expansion” is Under Construction.

What is the budget and commercial profile for the project “Hoa Phat Dung Quat 2 Steel Complex Expansion”?

Taiyo normalizes the budget of “Hoa Phat Dung Quat 2 Steel Complex Expansion” to USD 3621000.

Where can I verify the source and access all details for “Hoa Phat Dung Quat 2 Steel Complex Expansion”?

This Taiyo project page references Bloomberg along with the original URL (https://www.bloomberg.com/news/articles/2025-05-19/top-vietnam-steelmaker-says-local-building-boom-will-fuel-growth). Taiyo standardizes official data into a consistent, searchable project profile.

Hoa Phat Dung Quat 2 Steel Complex Expansion

Under construction · Quang Ngai Province · Last reported Dec 2025

Source: Bloomberg

Project

Under Construction

Hoa Phat Group expects to complete its Dung Quat 2 steel complex by the end of 2025, increasing the company's steel production capacity to 15 million tons per year from the current 11.3 million tons. The plant will reduce average production costs for hot-rolled coil by 11% in 2025 compared to last year, enhancing competitiveness locally and abroad.

Status: Under Construction
Sector: Steel, Commercial, Manufacturing (Industrial), Metal
Location: Dung Quat, Quang Ngai Province, Vietnam
Updated: 22 Jul 2026
Source: Bloomberg

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Project Information

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The project “Hoa Phat Dung Quat 2 Steel Complex Expansion” is an infrastructure initiative in the Steel sector, located in Dung Quat, Quang Ngai Province, Vietnam. Taiyo aggregates data on it from Bloomberg.

Participants

Not available for this record.

Status

Original status	Under Construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Hoa Phat Group expects to complete its Dung Quat 2 steel complex by the end of 2025, increasing the company's steel production capacity to 15 million tons per year from the current 11.3 million tons. The plant will reduce average production costs for hot-rolled coil by 11% in 2025 compared to last year, enhancing competitiveness locally and abroad.
Original sector	Manufacturing
Budget

Location

Country	Vietnam
State	Quang Ngai Province
City	Dung Quat

Source

Source	Bloomberg
URL

More Details

Record type	Project
Sector	Steel, Commercial, Manufacturing (Industrial), Metal
Article published date	2025-05-22

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