    Construction begins on over 26-hectare independent tank production zone in Dung Quat Economic Zone with a total investment of $116 million
    Developing eco-friendly independent tanks as a core business spearhead
    Serving as a strategic production hub supplying equipment to HD Hyundai Group’s global shipbuilding business

Quang Ngai, August 15, 2026 - HD Hyundai Eco Vina Co., Ltd. officially held the groundbreaking ceremony today for its eco-friendly independent tank production facility in Dung Quat Economic Zone, Quang Ngai Province.

The ceremony was graced by the presence of Mr. Pham Gia Tuc, Politburo Member and Permanent Deputy Prime Minister of the Government; Mr. Ho Van Nien, Member of the Party Central Committee, Secretary of the Quang Ngai Provincial Party Committee; Mr. Nguyen Duc Tam, Deputy Secretary of the Provincial Party Committee, Chairman of Quang Ngai Provincial People Committee; Consul General of the Republic of Korea in Da Nang Han Jung-il; Leaders of ministries, departments, agencies, and over 250 delegates who are leaders of central and local state management organizations, alongside key domestic and international strategic partners and clients.

Central and provincial leaders, representatives from ministries and state management agencies, as well as domestic and international strategic partners and clients, attend the groundbreaking ceremony.

Attending the event to share in the celebration with the enterprise, Mr. Nguyen Duc Tam, Deputy Secretary of the Provincial Party Committee and Chairman of the Quang Ngai Provincial People's Committee, delivered a congratulatory speech and emphasized that: “With a total investment capital of USD 451 million (including an expansion of USD 116 million) spanning over 101 hectares, this project is strategically designed to establish a state-of-the-art manufacturing hub for high-tech port cranes and tanks, alongside an eco-friendly shipbuilding sector. This direction fully aligns with the national strategic orientation on green development, emission reduction, and sustainable development, which the Government of Vietnam is resolutely pursuing.” The Chairman also committed that the province will consistently listen to, actively support, and promptly resolve any difficulties faced by investors throughout their upcoming operations.

Mr. Nguyen Duc Tam, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, delivers a congratulatory speech, emphasizing that the project’s direction aligns perfectly with the national strategic goals of green development, emission reduction, and sustainable development—priorities the Vietnamese Government is vigorously pursuing.

The leadership of Quang Ngai Province highly appreciates the corporate social responsibility and deeply humanitarian commitment of the Company. Retaining and ensuring employment for the current 1,500 workers, along with the plan to recruit and train an additional 1,500 local laborers, represents a 'golden commitment'. Once implemented, this project will generate a powerful spillover effect, fostering supporting industries, increasing state budget revenue, and elevating the stature of Dung Quat Economic Zone on both the national and international industrial maps.

Speaking at the event, Mr. Choi Seung Hyun, President of HD Hyundai Eco Vina, expressed his profound gratitude to the Government of Vietnam, ministries, sectors, and state agencies for their active companionship with the company over nearly two decades. He firmly committed to executing the project on schedule while ensuring top-tier quality, safety, and strict compliance with environmental protection regulations. He further emphasized that the company would continue investing in advanced technology, developing high-quality human resources, and actively contribute to the socio-economic advancement of Quang Ngai province as well as Vietnam’s broader industrial sector.

The President of HD Hyundai Eco Vina is committed to execute the project on schedule while ensuring quality, safety, and compliance with environmental protection regulations.

Notably, the groundbreaking ceremony coincides with the 30th anniversary of the establishment of Dung Quat Economic Zone. It stands not only as a landmark project celebrating this historical milestone of the economic zone but also reaffirms HD Hyundai Eco Vina’s strong long-term commitment and significant contributions to the province’s three-decade development journey.

The project represents a total investment of $116 million and is built on an area of over 26 hectares, with an expected construction period of 12 months. Upon completion, this will be a specialized area dedicated to manufacturing various types of independent tanks serving the modern maritime industry.

Central and provincial leaders, ceremony delegates, and the project investor perform the ceremonial button-pushing to officially launch the project.

This highly strategic investment promises to position independent tanks as a core product line in HD Hyundai Eco Vina’s future business structure, alongside its traditional port crane and plant module segments. Furthermore, the facility will serve as a strategic production base, directly supplying tanks to HD Hyundai Group’s global shipbuilding operations. The integration of eco-friendly technological processes underscores the enterprise’s commitment to sustainable development goals and emissions reduction.

In parallel, HD Hyundai Eco Vina is restructuring its existing production layout and investing in new equipment and machinery for its current workshops to commence tank production in 2027.

A celebratory lion dance performance symbolizes auspiciousness, good fortune, prosperity, and a smooth start.

This groundbreaking event marks a significant leap forward for HD Hyundai Eco Vina after years of deep integration in Central Vietnam. The enterprise currently operates a total area of 102 hectares in Dung Quat Economic Zone, Quang Ngai Province. Leveraging its strength in manufacturing heavy-duty mechanical equipment for heavy industries, products branded under HD Hyundai Eco Vina have secured a strong position and are present in 39 countries worldwide. The new project will not only enhance the company’s competitiveness but also drive socio-economic growth, transforming Quang Ngai into a modern heavy industry hub in the region.