Big projects to bolster emerging Ha Tinh production hub

A series of large-scale projects are transforming Ha Tinh province into a manufacturing hub in central Vietnam.

VinES Battery Factory

Vingroup, Vietnam's largest listed conglomerate, in late 2021 embarked on constructing the VinES battery factory, which will supply Lithium batteries for VinFast’s electric cars and buses.

The project is invested by Vines Ha Tinh Energy Solutions JSC, a Vingroup subsidiary, in Vung Ang Economic Zone, Ky Anh town.

Capitalized at $163.8 million, the 70-year lifespan factory covers 12.6 hectares, producing 100,000 battery packs per year. Construction has been finished and machinery is being installed; it is projected to be operational in the fourth quarter of 2022.

The factory’s establishment represents an important milestone in VinFast’s strategy of self-production and supply of batteries with global standards for its electric vehicles.

Vung Ang II thermal power plant

The $2.2 billion power plant, with two turbines and a total capacity of 1,300 megawatts, is expected to start commercial operation in the first quarter of 2025. The BOT project is critical to meeting national demand for power supply expansion.

Some processes remain to be completed for the project, like the consent to access the intersected area with Vung Ang I thermal power plant, according to Vung Ang II Thermal Power LLC, the project’s investor.

Hanoi-Nghe Tinh Brewery

With a total investment of $53 million, the brewery will produce 50 million liters of beer per year. Developed by Hanoi Beer-Nghe Tinh JSC, it will cover nine hectares in Cong Khanh 2 Industrial Cluster, Hong Linh town.

It was issued the first investment registration certificate in April 2020. However, the Covid-29 pandemic has hampered the import of machinery and equipment in 2021, impeding the project's development.

Following the "new normal", the investor currently focuses on completing the construction and installation of machinery. The project’s major components have been basically completed, expected to be operational in December this year.

Vinmec Thien Tam Hospital

Vinmec International General Hospital JSC, a Vingroup subsidiary, received approval for developing Vinmec Thien Tam Hospital in August 2021.

Capitalized at $31.4 million, the hospital covers 3.69 hectares in Thach Hung commune, providing 300 beds. The investor is actively coordinating with authorities to finalize the dossiers of construction procedures. It is anticipated to be operational in the first quarter of 2023.

Wyndham Costa Ha Tinh luxury beach resort

Authorities on March 24 allowed Onsen Fuji Group JSC to develop a luxury beach resort on an area of 66 hectares in Thach Van and Thach Tri communes, Thach Ha district.

Capitalized at $41 million, it will provide a shoptel area, offering both retail space and accommodation services, as well as a hotel providing resort apartments and commercial service areas, including entertainment facilities.

The project, with a lifespan of 50 years, will connect with existing tourist areas like Thach Hai, Quynh Vien, and Thien Cam to create a tourism complex with a variety of functions.

It is in the dossier processing state and expected to be operational in the second quarter of 2025.

Nam Cau Phu Urban Area

The $172.4 million urban area project was awarded to Vietnamese conglomerate T&T Group in September 2020, and is set to complete in the third quarter of 2023.

With a total area of 50 hectares in Thach Binh commune, it will supply 1,931 commercial houses, comprising 537 townhouses, 150 villas, and 1,244 high-rise apartments on 25 hectares, as well as 538 adjacent social housing units on more than 3.7 hectares.

T&T Group has allocated funds and organized compensation for most households in the affected area, as well as developed resettlement plans.

Vung Ang Iron and Steel Plant

Vung Ang Iron and Steel JSC was granted the investment registration for the steel plant project in October 2021.

With a total investment of $97.8 million, the 25.81-hectare plant was designed to produce 500,000 tons per year. Main products include steel billets to supply steel hot rolled factories, cast iron produced by traditional blast furnace technology, steel produced by oxygen blast furnace technology, and continuous cast steel billets.

It is in the dossier processing state and expected to be operational in the second quarter of 2024.

Ha Tinh authorities have also approved several large projects like an automotile and parts industrial park, Ky Ninh Resort, Phase 2 of Vingroup's battery factory, Thinh Loc international golf course, and VSIP’s Bac Thach Ha Industrial Park.