Chân Mây Port in the central province of Thừa Thiên – Huế. The province is calling for investment into a VNĐ32 trillion (US$1.28 bilion) steel project in Chân Mây – Lăng Cô Economic Zone. — VNA/VNS Photo

Thừa Thiên – Hếu Province is calling for investment in a VNĐ32 trillion (US$1.28 billion) steel project in Chân Mây – Lăng Cô Economic Zone.

According to the announcement form the provincial Management Board of Economic Zones and Industrial Parks, Chân Mây Green Steel Factory project will cover 236.5 hectares and focus on producing hot-rolled coil (HRC) and high-quality technical steel with a total capacity of 3 million tonnes per year.

The project has an estimated cost of VNĐ32 trillion with the investor is expected to pay at least 15 per cent.

The project will have a lifetime of 70 years and is expected to begin construction in the third quarter of 2025 and put into operation after 36 months.

Chân Mây Green Steel Factory will use advanced technologies from developed countries in the EU, G7 and G20 as well as maximise the use of clean energy in production.

Wastewater from the site will be recycled entirely.

Interested investors can submit proposals to the Management Board before September 26.

In March, the central province called for investments into 112 projects in Chân Mây – Lăng Cô Economic Zone in 2024-15 period with a total investment of up to dozens of trillions đồng, including Chân Mây Green Steel project. — VNS