Vietnam is actively seeking investors for its ambitious Green Steel Plant project in Thua Thien Hue Province, with an estimated investment of VND32 trillion (approximately $1.29 billion). The project, located in the Chan May-Lang Co Economic Zone, will span 236.5 hectares and aims to produce hot-rolled coil (HRC) and high-quality technical steel, targeting a production capacity of around 3 million tons per year.
Construction is slated to begin in the third quarter of 2025, with operations expected to commence by the second quarter of 2028. The plant will utilize advanced technology from Europe and G7/G20 countries, emphasizing resource efficiency and clean energy sources, including LNG and LPG. Notably, all wastewater from production will be recycled, and the raw materials will exclude iron ore, focusing instead on pig iron, scrap steel, and sponge iron.
Interested investors must submit their applications by September 26, 2024. This initiative is part of a broader strategy by the Thua Thien Hue administration to attract investment in multiple projects within the economic zone, reflecting Vietnam's commitment to sustainable industrial practices and green technology.
