15/11/2022
The Provincial People's Committee has just approved the investment policy for Long Son Phu My Steel Joint Stock Company to invest in Long Son Phu My cast iron and steel complex in Lo Dieu village, Hoai My commune, Hoai Nhon township
Project perspective
As expected, Long Son cast
iron and steel complex shall be built on an area of 468 hectares, with a
total investment capital of about VND 53,500 billion, divided into three
phases, with a capacity of 5.4 million tons/year including products good quality fabricated steel products,
construction steel and steel coils.
In addition, the investor is
also studying to invest in Hoai Nhon port area on a total area of about 496.9
hectares of land and sea. Hoai Nhon seaport is planned to be a specialized port
for Long Son cast iron and steel complex and a general port in the future. The
total investment is about VND 10,000 billion. The scale of investment is
divided into two phases, specifically: Period 2021-2025: 10 berths/2,525m; port
logistics area about 44ha; the length of the dyke/breakwater is about 4,000m;
capacity 11÷13 million tons/year; the period after 2025 (including the period
of 2021-2025): 13 berths/3,525m; port logistics area about 44ha; the length of
the dyke/breakwater is about 4,000m; capacity 30÷35 million tons/year. The items
and parameters for both the period 2021-2025 and after 2025: the channel width of
230m; the channel bottom elevation -21.0m (nautical chart, hart); 1 turning basin
with a diameter of 670m; ship size up to 250,000 tons.
Hoai Nhon Port will meet the
transportation needs of material and products of Long Son cast iron and steel
Complex, ensuring the progress of goods import and export.
When both works are put into
operation, they will expectedly make an important contribution to the
development of industry, supporting industries, and seaport services, thereby
contributing to the economic growth of Binh Dinh province and other central
coastal provinces and the Central Highlands. Furthermore, it can handle a large
number of local workers. During the construction of the project, jobs for about
5,000 people shall be created and in the process of production and business for
about 7,500 people.
In order to support the
investor in implementing investment, land, construction and related procedures,
the Provincial People's Committee requested the provincial agencies to apply
special preferential policies for households affected by land clearance,
especially to create conditions in terms of labor, employment and other related
social security policies.
The investor is required not
to cause adverse effects on the ecological environment on land and at sea; not
affect social security and people's life; fully comply with legal provisions on
environmental impact assessment; change the purpose of using forest land;
preparing and submitting feasibility study reports, economic - technical
reports on construction investment, construction design and implementation
after the basic design of projects and construction works in specialized items;
take measures to minimize negative impacts on the environment, invest in
synchronous waste treatment works, arrange reasonable subdivisions so as not to
pollute the surrounding environment; strictly comply with current regulations
on planning, investment, land, construction, environmental protection, fire
prevention and fighting, labor safety, energy consumption and other relevant
regulations in the process of construction. In the process of project
implementation, it is necessary to ensure the harmony of interests between the
community and the enterprise, to implement the social security programs in
accordance with the committed contents and set priority for recruiting local
workers to contribute to job creation and improvement of local people’s life.