Hoa Phat Group broke ground on a rail & special steel manufacturing plant at Dung Quat Economic Zone on December 19, 2024. The facility carries 700,000 metric ton annual capacity alongside $380 million total investment, targeting commissioning in 2027. Products include high-speed railway rails, urban transit rails, crane rails, & structural sections meeting international standards. The project addresses Vietnam's railway infrastructure modernization requirements, reducing import dependency & supporting domestic industrial development. Site clearance & legal approvals have been completed, enabling construction commencement toward mid-2026 equipment installation & 2027 operational startup.