$116M project to advance green manufacturing at Dung Quất

$116M project to advance green manufacturing at Dung Quất

The project, covering 26.7 hectares, is scheduled to be completed and begin production in April 2027.

Delegates at the groundbreaking ceremony on Saturday morning in Quảng Ngãi Province. — VNA/VNS Photo

HD Hyundai Eco Vina, on August 15, broke ground on a US$116 million environmentally friendly independent tank manufacturing project at Dung Quất Economic Zone, expanding its heavy industrial manufacturing operations in central Quảng Ngãi Province.

The project, covering 26.7 hectares, is scheduled to be completed and begin production in April 2027. 

It will establish independent tank manufacturing as one of HD Hyundai Eco Vina's two strategic business pillars alongside port cranes, while continuing to develop its large-scale industrial module manufacturing capabilities.

Permanent Deputy Prime Minister Phạm Gia Túc attended the groundbreaking ceremony on Saturday morning, together with representatives from central ministries and agencies, Military Region 5, the Consulate General of the Republic of Korea in Đà Nẵng and provincial authorities.

Choi Seung Hyun, general director of HD Hyundai Eco Vina, said the company currently focuses on heavy industrial equipment manufacturing, particularly port cranes and large-scale industrial modules for the energy, refining and petrochemical, and heavy industry sectors.

Its products have been supplied to domestic and international projects, contributing to Việt Nam's mechanical engineering industry's participation in global supply chains.

According to the company, the new project will focus on green technological innovation, emissions reduction and sustainable development, while contributing to the formation of a modern industrial ecosystem in Quảng Ngãi.

The investment follows HD Hyundai's completion of procedures to take over and restructure the project from Doosan Vina.

Nguyễn Đức Tâm, chairman of the Quảng Ngãi People's Committee, described the project as a new milestone in attracting foreign direct investment and developing mechanical engineering and the marine economy at the Dung Quất Economic Zone.

"The development orientation is consistent with the green growth, emissions reduction and sustainable development strategies being pursued by the Government and Quảng Ngãi," Tâm said.

A significant component of the investment is its employment commitment. HD Hyundai Eco Vina has pledged to retain 1,500 existing workers while providing further training and recruiting another 1,500 local employees.

Tâm said the commitment would not only generate employment and income but also promote supporting industries, increase budget revenue and strengthen the position of Dung Quất Economic Zone and Việt Nam's mechanical engineering sector.

Provincial authorities view the project as part of Quảng Ngãi's efforts to broaden its industrial ecosystem and attract foreign investment associated with advanced manufacturing and sustainable production.

For HD Hyundai Eco Vina, the facility will diversify its operations by combining independent tank production with existing capabilities in port cranes and industrial modules, while pursuing greener and lower-emission manufacturing technologies. 

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