HANOI -- After emerging as Southeast Asia's biggest steelmaker earlier this year, Vietnam's Hoa Phat Group aims to solidify its position with a new 85 trillion dong ($3.7 billion) blast furnace breaking ground in early 2022.
"Demand for steel remains strong in Vietnam, and we have a lot of faith in this investment," Hoa Phat Chairman Tran Dinh Long said of the new furnace planned in Vietnam's central Quang Ngai Province.
