11/01/2016
"Itis not only a significant event of Lotus group, it but also marks thedevelopment of provincial industries; with reputation, competence andexperience of Hoa Sen Group, I believe the project will ensure quality, go onschedule and in time to meet the demand for products in the market", saidMr Ho Quoc Dung, Chairman of Binh Dinh Provincial People’s Committee (PPC) atthe groundbreaking ceremony of Hoa Sen Steel Plant project in NhonHoi economic zone.
Mr HoQuoc Dung, PPC Chairman grants investment certificate to Mr Le Phuoc Vu, Presidentof Hoa Sen group
On themorning of 8th January 2016, in Nhon Hoi economic zone (EZ), Hoa Sen groupofficially kicked off construction of HoaSen Steel Factor. The ceremony was attended by provincial leaders, representativesof the provincial departments and sectors, and leaders of the Hoa Sen group.
This isan important impetus for the local industry, starting an investment flow in2016," – said Chairman Ho Quoc Dung of Binh Dinh PPC at the ceremony.
With capitalof VND 2,000 billion and commitment of disbursement completion in 2017; thisis the 3rd project of Hoa Sen Group in Binh Dinh province. Mr Le Phuoc Vu,President of Hoa Sen group asserted: "I was born and grew up in Binh Dinh;I am delighted to continue my contribution for my hometown construction. Beingthe head of Hoa Sen group, we are committed to the project implementationschedule with competitiveness ability and application of modern technology. Ourgroup will meet demands of domestic and international customers with the principleof right price, good quality and standard, and we hope to make contribution to industrializationand modernization of the country ".
Also atthe ceremony, Mr Ho Quoc Dung, PPC Chairman granted investment certificate toMr Le Phuoc Vu, Chairman of Hoa Sen group and acknowledged the group'scontribution to the locality at Nhon Hoi EC.
In the periodof 14 years since its foundation, from a small private firm, Hoa Sen hasconstantly grown, and developed and maintainedits reputation as the leading company in the steel manufacturing business withapproximately 40% market share of steel sheet and almost 20% market share ofsteel pipe. The group provides consumers with products that meetinternational standards at reasonable price and with good after-salesservice. Currently, Hoa Sen owns a wide distribution network throughoutthe country with nearly 170 branches, exporting products to 55 countries andterritories around the world.