Vietnamese enterprises invest in steel factory with 1h area

​Recently, at Loc An-Binh Son Industrial Park, Long Thanh District, Diep Nam Phuong Production Trading Co., Ltd held a groundbreaking ceremony to build the second production factory with technology lines according to European standards with large capacity, in order to increase production and commercial output.

Groundbreaking factory construction

The factory has an area of 1ha, when completed, it will be processed and fabricated on stainless steel for industrial production, construction, healthcare, food, shipbuilding... The project is expected to be completed in 6 months. and install machinery and spare parts, put them into operation in mid-2023. The project is divided into 3 phases with a capital of USD 10 million and will be expanded production scale in the following years.

Diep Nam Phuong Company is a Vietnamese enterprise established in 2014, currently has an annual revenue of about VND 200 billion with products that have affirmed its brand in the stainless steel product market in Vietnam.

 The investment in a new factory is a major turning point for the enterprise's development, helping to increase production capacity, store goods, stabilize the market and anticipate future development opportunities.