The Vietnamese construction company Hoa Binh Construction Group has announced the signing of a memorandum of understanding with the Vietnamese steel producer Pomina Steel for the construction of the second stage of a steel mill in the Phu My Industrial Park. 1..
The nearly 40,000 square meter project will have an annual production capacity of 1.2 million tons of high-quality rolled steel, and construction is scheduled to begin in early October..
Pomina Steel said the partnership will combine its manufacturing capabilities with Hoa Binh's expertise in large-scale industrial construction, ensuring compliance with technical standards, cost optimization and sustainable value creation.
According to Hoa Binh, the investment will strengthen cooperation between the companies, contributing to the modernization, efficiency improvement and long-term development of Vietnam's steel industry.
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