Thanh Hoa Steel rolling mill project of VND 5,500 billion approved

DNHN - The project is anticipated to utilize approximately 51 hectares of land, with an investment capital of 5,500 billion VND. The project's lifespan in industrial park No. 4, Tan Truong commune, Nghi Son town, is 50 years.

Vice Chairman of the Provincial People's Committee of Thanh Hoa, Nguyen Van Thi, signed Decision No. 611 approving the investment policy and simultaneously approving the investor to implement the Nghi Son DST Steel Rolling Factory project in Industrial Park No. 4, Tan Truong commune, Nghi Son town.

Accordingly, the land area anticipated to be utilized for the project is approximately 51 hectares, and the project's investment capital is 5,500 billion VND. The project's operational term is 50 years from the date the responsible state agency decides on land allocation, land lease, or land use purpose change.

DST Nghi Son Iron and Steel Joint Stock Company is the investor in the project, which is divided into two phases. Phase 1 will invest in a hot-rolled steel coil factory using scrap steel produced domestically or imports with a capacity of 980,000 tons per year. In Phase 2 of the project, an investment will be made in a steel structure factory, a cold rolling mill, and steel structure products with an annual production capacity of 30,000 tons. The steel structure products will be used in construction and industrial production. Produces shaped steel pipes used in construction, with an annual production capacity of 300,000 tons of steel pipes, boxes, and galvanized steel.

Currently, DST Nghi Son Iron and Steel Joint Stock Company is urgently completing documents and procedures for construction investment, environmental protection, and land use..., submitting to competent authorities for approval and agreement according to regulations; depositing funds to secure the project's implementation; and implementing the project by the contents approved under this decision and other applicable legal provisions.

The Thanh Hoa Provincial People's Committee has tasked the Nghi Son town People's Committee with carrying out site clearance work, as well as reviewing and revising the project's inclusion in the local annual land use plan and submitting it for regulatory approval. The People's Committee of Thanh Hoa province also assigned the Management Board of Nghi Son Economic Zone and Industrial Parks to assume primary responsibility for, and coordinate with relevant sectors and units, based on the provisions of the law; to adjust the planning of subdivision 1/2000 of Industrial Park No. 4 to ensure compliance with the adjustment and expansion of the general planning on construction of Nghi Son economic zone, Thanh Hoa province. By Decision No. 1699/QD-TTg dated 7 December 2018 and approved by the Prime Minister,

The production value of enterprises in the Nghi Son Economic Zone and Industrial Parks in Thanh Hoa province surpassed VND 271 trillion in 2022, an increase of 54.5% compared to the same period. More than 292 trillion dongs in revenue, an increase of 60.9% over the same period; nearly 26 trillion dongs paid to the state budget; 101,600 employees with an average monthly income of 6.7 million dongs. Also in 2022, the Nghi Son Economic Zone and Industrial Parks of Thanh Hoa province attracted 20 new projects, bringing the total number of registered projects to 705; 54 times the number of registered projects to adjust investment capital.

In 2023, the Nghi Son Economic Zone and Industrial Parks of Thanh Hoa province aim to achieve a total production value of 265 trillion VND, an export value of 5,700 billion VND, and a contribution of 26 trillion VND to the State budget, while creating an additional 10,000 jobs.

PV