Hoa Sen Group - a prestigious investor

(Baonghean) - On October 4, 2014, good news for Nghe An province when Hoa Sen Nghe An Steel Plant in Nam Cam Industrial Park was officially started and nearly 6 months later, the plant has been operating effectively. Hoa Sen Group continues to invest in a new plant in Dong Hoi Industrial Park (Hoang Mai Town), expected to install machinery and equipment for operation by October 2016.

In recent years, with many policies of innovation, integration and investment attraction, Nghe An province has attracted many corporations and large investors, including Hoa Sen Group - one of the leading economic groups in Vietnam and in ASEAN, currently establishing and maintaining the No. 1 position in the production and trading of corrugated iron and steel in Vietnam. Hoa Sen Group has invested in 2 factories in the Southeast Economic Zone, of which one factory has come into operation. This is a reputable investor with strong potential, quick investment, creating trust and excitement for the government and people of Nghe An.

Steel sheet production at Hoa Sen Nghe An Steel Sheet Factory

Hoa Sen Steel Factory was invested in construction in Nghe An, currently has 6 production lines, producing 100,000 tons - 120,000 tons per day, sold to the group's branches. Currently, the factory has attracted more than 100 workers, including many from Nghe An... Located in Area B on an area of ​​12 hectares in Nam Cam Industrial Park, in the Southeast Economic Zone, Hoa Sen Steel Factory Nghe An is planned to include 4 phases starting from September 2014 and is expected to be completed in August 2018. The project has a total fixed capital of more than 2,360 billion VND including: 12 steel pipe production lines with a total design capacity of 100,000 tons/year; strip slitting line with a design capacity of 100,000 tons/year; Color coated steel production line with a designed capacity of 100,000 tons/year; galvanized steel/aluminum zinc alloy production line with a total designed capacity of 400,000 tons/year; cold rolling line, acid regeneration line; rust pickling line; CNC steel shaft grinding machine... It is expected that Hoa Sen Nghe An Steel Plant Project will complete all 4 phases by August 2018.

At Dong Hoi Industrial Park - Nghe An, Hoa Sen Group has just started construction of Hoa Sen Nghe An Factory with a total estimated investment capital of 7,000 billion VND. The factory has invested in a cold rolling line with a designed capacity of 1.2 million tons/year; a galvanized steel production line with a total designed capacity of 1 million tons/year... The factory is expected to produce its first products in March 2016.

Both factories of Hoa Sen Group were built very urgently, ahead of schedule. The two factories, when completed and put into operation, will create jobs for about 1,000 workers, making a great contribution to Nghe An's budget, contributing to the socio-economic development of the North Central region; improving the production capacity and ability to supply corrugated iron and steel products of Hoa Sen Group, especially meeting the market demand of the Central and Northern provinces, increasing export output to Laos, Thailand, Myanmar, etc.

According to the 9 months of the fiscal year from October 2014 to June 30, 2015, the finished product consumption output of Hoa Sen Group reached 771,630 tons, equal to 85.74% of the yearly plan, of which the export output reached 320,579 tons, reaching 96.4%; net revenue reached 13,521 billion VND, reaching 81.94%, profit after tax reached 484 billion VND, reaching 107.6%. This information was announced by Mr. Vu Van Thanh, Deputy General Director of Hoa Sen Group on the electronic information portal of the State Securities Commission and the Ho Chi Minh City Stock Exchange. The Group continues to reap successes with steady steps. Currently, after 15 years of establishment and development, Hoa Sen Group has more than 4,500 employees and system-based management. In 2015, besides continuing to be the leading steel exporter in Southeast Asia, Hoa Sen Group still maintained its position as the number 1 steel manufacturing and trading enterprise in Vietnam.

According to Mr. Le Phuoc Vu, Chairman of the Board of Directors of the group, the investor - Hoa Sen Group came to Nghe An because of "fate". Mr. Le Phuoc Vu said: "The spirit of rolling out the red carpet to call for investment of the provincial leaders, especially the current spirit of seeking advice of the leaders of Nghe An province has convinced us, making us very secure. The determination and efforts of the investor have been respected by the Provincial Party Committee, the People's Committee of Nghe An province and the departments and branches of the province, focusing on solving problems and difficulties for the projects so that the projects can soon come into operation".

It is known that in 2015, Hoa Sen Group will establish 50 more branches, aiming to increase the total number of branches to about 300 branches in Vietnam by the end of 2017. With a solid foundation built over the past 14 years, Hoa Sen Group is gradually affirming its stature as a dynamic Vietnamese enterprise in economic integration, affirming a Vietnamese brand of international class. The Group has currently expanded its export market for corrugated iron and steel products to more than 52 countries around the world.

Article and photos:Chau Lan