Hoa Phat Group announces a massive VND 120 trillion ($4.8 billion) investment to construct an Iron & Steel Production Complex & Bai Goc Port in Dak Lak province. The project will expand the company's annual steel capacity from 16 million to 22 million metric tons by 2030. The development will create 15,000 jobs & generate VND 10,000 billion in annual tax contributions. Construction begins in late 2025 through a phased implementation approach.