On the morning of June 23, Xuan Thien Group held a groundbreaking ceremony for the Nam Dinh Green Steel Complex in Nghia Hung District. The complex is designed with an annual capacity of 9.5 million tons of steel, a total investment of VND 98 trillion (approx. USD 4 billion), and covers over 400 hectares.
The project utilizes electricity and natural gas, with a roadmap toward using green hydrogen for direct reduction of iron, replacing conventional coke-based steelmaking methods. This aims to significantly reduce CO₂ emissions and protect the environment.
The facility will produce high-quality steel products such as weathering steel, extra-thick wide cast plates, suitable for industries like mechanical engineering, shipbuilding, wind power tower production, automobile manufacturing, weaponry, and structural frameworks for high-rise buildings (over 25 floors). These products are expected to meet both domestic and export demands. The plant will use key raw materials—iron ore and pig iron—sourced and processed from Xuan Thien’s mines in Angola and other African countries, ensuring supply for the entire lifecycle of the project.
According to the schedule, the first batch of steel is expected to roll out in June 2028, and full project completion is slated for June 2030. Once operational, the complex is projected to contribute around VND 20 trillion (USD 800 million) annually to the state budget and create over 21,000 jobs.
Government leaders, representatives of ministries, local authorities, and guests press the button to launch the groundbreaking of the Nam Dinh Green Steel Complex. Photo: Xuan Thien Group
At the groundbreaking ceremony, Deputy Prime Minister Le Thanh Long emphasized that the project holds significant importance—not only driving the socio-economic development of the local area but also contributing to the creation of a new development space and enhancing regional connectivity between Nam Dinh, Ha Nam, Thai Binh, Hung Yen, Ninh Binh, and Thanh Hoa provinces.
To ensure the project delivers the highest efficiency, the Deputy Prime Minister urged all levels of government to provide maximum support for its implementation, maintain public order and security, strictly monitor legal compliance and environmental protection, and continue to stabilize and improve the living conditions of local residents affected by the project. He also called on the investor, contractors, and supervision consultants to mobilize all available resources, apply advanced technologies, and work with the highest dedication to shorten construction time and bring the project into operation as soon as possible.
Nguyen Huy Hoang, General Director of Xuan Thien Nam Dinh Company, committed to using G7-standard technology, ensuring environmental compliance, and mobilizing resources to carry out the project with safety, quality, and a schedule that is 12 months ahead of plan.
Mr. Nguyen Van Thien, Chairman of Xuan Thien Group (left), presented VND 10 billion to the Nam Dinh Province Study Promotion Fund. Photo: Xuan Thien Group
Headquartered in Ninh Binh Province, Xuan Thien Group was established in the early 2000s and now consists of numerous subsidiaries operating across multiple sectors, including agriculture, mining and mineral processing, energy, finance, insurance, banking, and building materials. The Group has been actively investing in large-scale projects both domestically and internationally.
Source: vnexpress.net
