The project covering 66ha in Vung Ang EZ with a capacity of 2 million tons per year.

The Economic Zone Management Board of the central province
of Ha Tinh has approved the investment policy for a stainless steel plant project
in Hoanh Son Ward with an estimated investment capital of VND9.8 trillion ($372 million).

Under the decision, the project will be developed by a joint
venture comprising Singapore-based Singvin Asset Management Pte. Ltd., Land
River Holdings Pte. Ltd., and Son Ha Dong Nai Industrial Park Investment Joint
Stock Company.

The plant will cover more than 66 hectares in the Vung Ang
Economic Zone and have a designed capacity of 2 million tons per year. Its
products, with thicknesses of 2.5–5 mm and widths ranging from 1,000
to 1,580 mm, will serve the manufacturing, construction and supporting
industries.

The facility’s hot-rolling line will have a capacity of 1.95
million tons annually, supported by a synchronous production system to meet
strong domestic demand while targeting export markets. The project is regarded
as one of the most significant heavy-industry investments approved in the Vung
Ang Economic Zone in recent times.

To date, the Vung Ang Economic Zone has attracted 156
projects, including 56 foreign direct investment (FDI) projects, with total registered
capital exceeding $16 billion.

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