On December 19, Vingroup officially broke ground on a series of major industrial and energy projects at the Vinhomes Vung Ang Industrial Park in Ha Tinh. The largest of these is the VinMetal steel manufacturing plant, with a planned investment of nearly 89 trillion VND (~$3.6 billion USD). Other developments include two large-scale wind power plants and a modern residential township.
VinMetal was established on October 10 with an initial charter capital of 10 trillion VND, 98% owned by Vingroup. The remaining 2% is held by two founding shareholders, Mr. Pham Nhat Quan Anh and Mr. Pham Nhat Minh Hoang.
Shortly after its founding, VinMetal signed a strategic partnership with Pomina Steel. Under this agreement, Vingroup will provide Pomina with interest-free working capital loans (0% interest, up to 2 years), while designating Pomina as a priority supplier across the Vingroup ecosystem.
According to Mr. Pham Nhat Quan Anh, the VinMetal steel plant is Vingroup’s first step into metallurgical technology, covering over 461 hectares with an initial production capacity of 5–6 million tons per year, and a long-term roadmap reaching 20 million tons annually. The facility is set to begin operations in 2027, positioning itself as a leading high-tech steel complex in the region. Key products will include hot-rolled steel, specialty alloy steels, structural steel, and rails—all meeting international standards.
The plant will operate under the BF-BOF model (blast furnace – basic oxygen furnace), ensuring large-scale, modern, and environmentally aligned steel production.
Alongside VinMetal, Vingroup also launched two major wind power projects via its energy subsidiary VinEnergo:
Ky Anh Wind Power Plant: 400 MW
Eco Wind Ky Anh: nearly 500 MW
These clean energy projects support Vietnam’s Net Zero 2050 target and will further enhance Ha Tinh’s energy infrastructure.
In parallel, Vingroup broke ground on a new urban township in Song Tri Ward, covering 84 hectares, to serve local professionals, workers, and residents with upgraded housing and services.
Mr. Pham Nhat Quan Anh emphasized Vingroup’s commitment to ensuring on-time delivery, high quality, environmental compliance, and strong local impact, stating that these projects will drive Ha Tinh’s economic development in the years ahead.
In addition to Vingroup’s projects, Ha Tinh Province commenced:
Ha Tinh Museum (305 billion VND): a cultural infrastructure investment in Thanh Sen Ward.
Xuan Thanh Urban Area – Phase 1 (424 billion VND): a residential development in Tien Dien commune by Harumi Investment.
With over 128 trillion VND (~$5.2 billion USD) mobilized across six major projects spanning steel, energy, and urban infrastructure, Ha Tinh is set to become a new growth engine in Vietnam’s North Central Coast. These investments mark a strong vote of confidence from Vingroup and signal a turning point for the province’s industrial and economic trajectory.
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