Xuan Thien Group: Groundbreaking Ceremony of the World's Leading Green Steel Complex

After a period of active preparation, overcoming many difficulties and challenges, especially in terms of land and technology, on June 23, 2025, Xuan Thien Group will officially start construction of the largest and most modern Green Steel Complex in Vietnam, with a total investment of VND 98,000 billion. This is also the world's leading project in the field of green steel.

Overview of Xuan Thien Green Steel Complex Project, Nghia Hung inland waterway port and Xuan Thien Nam Dinh deep-water seaport

The largest and most modern Green Steel Complex in Vietnam, the world's leading

Xuan Thien Nam Dinh Green Steel Factory No. 1 is built in Nghia Hai, Nghia Thanh, Nghia Lam communes (Nghia Hung district), with a scale of 284.97 hectares and a capacity of 7.5 million tons of green steel per year. The main products are HRC steel plates (steel plates, hot-rolled steel plates, special steel plates for automobile manufacturing, weather-resistant steel plates for containers...) and commercial sponge iron, supplying domestic and foreign markets. The project has a total investment of VND 88,000 billion, implemented in 3 phases.

The Xuan Thien Nghia Hung Green Steel Factory project has an investment capital of 10,000 billion VND, built on an area of ​​83.93 hectares in Nghia Hai commune (Nghia Hung district), producing finished steel products from scrap steel using electric arc furnaces and continuous casting and rolling, with a capacity of 2 million tons/year.

The Green Steel Complex of Xuan Thien Group is a pioneering project to implement Vietnam's commitment at the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26), opening up a huge source of green steel (about 9.5 million tons per year), meeting the requirements of the domestic and world markets.

This is also a major project to celebrate the 80th anniversary of the successful August Revolution and the National Day of the Socialist Republic of Vietnam, the 100th anniversary of Vietnam Revolutionary Press Day, and the merger of the three provinces of Nam Dinh, Ha Nam , and Ninh Binh into Ninh Binh province.

The total investment capital of the two above-mentioned projects belonging to the Green Steel Complex of Xuan Thien Group is 98,000 billion VND, with a total capacity of 9.5 million tons of green steel/year. This is the first green steel complex deployed in Vietnam with the world's leading advanced and modern technology. The complex does not use coke, but uses LNG to reduce steel, moving towards using hydrogen gas, reducing CO2 emissions by up to 86%.

To ensure raw materials for the Green Steel Complex, Xuan Thien Group has expanded its investment to Angola, with the Green Pig Iron Processing Project from charcoal. In Angola, the Group owns an iron ore mine with reserves of up to hundreds of millions of tons, and plans to plant more than 1 million hectares of eucalyptus forests as raw materials for the production of green pig iron. With leading technology, each ton of Xuan Thien green pig iron products can achieve negative emissions of 0.7 tons of CO2.

In addition, Xuan Thien Group has cooperated with the Angolan National Oil, Gas and Biofuels Agency to sign a cooperation agreement on the Joint Research Investment Project for oil and gas exploration in the Etosha - Okavango Basin. This cooperation helps Xuan Thien to be self-sufficient in LNG fuel sources - liquefied natural gas, a clean and environmentally friendly energy source, ensuring that steel products manufactured from Xuan Thien Green Steel Complex meet green criteria from raw materials to production fuel, are internationally certified as green steel, and are eligible for export to Japan, the US and Europe.

Domestically, Xuan Thien Group has started construction of Xuan Thien Hoa Binh Lime and Light Powder Factory, with the goal of providing essential raw materials widely used in metallurgy... Along with meeting domestic and export needs, this factory also has the responsibility of providing raw materials for the steel production process of Xuan Thien Nam Dinh Green Steel Complex.

In 2 months, started 2 projects worth over 100,000 billion VND

The Xuan Thien Hoa Binh Lime and Lightweight Powder Factory has an investment capital of VND 8,000 billion and was started on April 24, 2025. This is the first project in a series of projects with a total investment capital of nearly VND 100,000 billion, including the Xuan Thien Hoa Binh Cement Factory and the High-tech Agricultural Production Complex that Xuan Thien will deploy in the coming period in Hoa Binh.

Just 2 months later, on June 23, Xuan Thien Group will start construction of the Nam Dinh Green Steel Complex with an investment capital of VND 98,000 billion, the most modern and largest in Vietnam, leading the world. This is also a pioneering project demonstrating resources and determination to make breakthroughs in development with large projects of the private economic sector, implementing Resolution No. 68-NQ/TW, dated May 4, 2025 of the Politburo on private economic development.

In order to facilitate and support the transportation of equipment, materials and goods to build Xuan Thien Green Steel Complex and other projects in Ninh Co Economic Zone, on June 14, 2025, Nam Dinh Provincial People's Committee issued Decision 1738/QD-UBND approving the investment policy, and at the same time approving the investor Nghia Hung Port Joint Stock Company with the Nghia Hung Inland Waterway Port Project in Nam Dien Commune, Nghia Hai Commune on an area of ​​89.4 hectares and 142.1 hectares of Day River water surface; total investment capital of VND 3,401 billion; port capacity (phase I) is 10.15 million tons/year.

Mr. Nguyen Van Thien, Chairman of Xuan Thien Group, said that Nam Dinh Green Steel Complex is a green and clean project, following the Group's pioneering sustainable development projects over the past 20 years. This is also an opportunity for Xuan Thien to look back on more than 2 decades of construction and development. With the support of all levels and sectors, and with internal strength, Xuan Thien Group has operated at full capacity, grown strongly, affirmed its solid position, and gradually turned its aspiration to become a leading multi-industry economic group in Vietnam and reach international level into reality.

The highlight throughout this process is that Xuan Thien has always been a pioneer in investing in green development projects, in which the spearhead is the field of renewable energy production. Xuan Thien has become one of the leading corporations in the country, having invested in and put into operation more than 20 hydropower, solar power, and wind power projects, with a total capacity of nearly 2,000 MW. The Group is continuing to deploy and prepare to invest in many large-scale solar and wind power projects in many localities across the country.

Xuan Thien co-owns the largest cement factories in the country, using European equipment lines, energy-saving equipment, advanced control systems, and highly automated quality and emission control systems. Thanks to that, the production process reduces fuel consumption, greenhouse gas emissions, and creates high-quality, environmentally friendly cement products.

Another milestone, Xuan Thien Group has "crossed the sea" to sign an investment cooperation agreement with a foreign corporation in the field of oil, gas and biofuel exploitation, becoming an international energy corporation.

In addition, developing high-tech agriculture is also a spearhead of Xuan Thien. The Group owns thousands of hectares of high-tech production and breeding complexes in Thanh Hoa, the Central Highlands and the Northern mountainous region, raising high-quality pigs in multi-storey houses with a total scale of tens of millions of pigs per year. Xuan Thien also invests in developing a large-scale industrial cassava growing area project of 500,000 hectares (phase I), 100% mechanized, in Cuanza Sul and Malanje provinces (Angola), providing raw materials for Xuan Thien Angola cassava starch processing factory.

The Green Steel Complex not only brings high economic efficiency to the Group, providing green steel to the world with the goal of achieving net zero emissions, but is also the locomotive to awaken and strongly promote the potential and advantages of Nam Dinh coastal districts, bringing high added value, large revenue, contributing to economic restructuring, creating more jobs.

When the construction investment is completed, the Xuan Thien Nam Dinh Green Steel Complex will employ about 30,000 workers. The Green Steel Complex alone will create jobs for over 16,000 workers (mainly technical workers), contributing to stabilizing and improving the living standards of the people.

In particular, Xuan Thien Green Steel Complex will be the locomotive contributing to promoting investment attraction, laying a solid foundation for the development of Ninh Co Economic Zone. From here, it will contribute to creating a new development space for Ninh Binh province after the merger, promoting economic development in coastal areas, developing industry, urban areas, trade and services with key points in developing heavy industry, light industry, tourism; adding an impressive regional linkage development address for large green steel production, a large deep-water seaport, a metropolis along the coastal road from Quang Ninh, Hai Phong to Thanh Hoa..., realizing the aspiration of turning the coastal area of ​​the Gulf of Tonkin into a fast and sustainable economic growth area of ​​the whole country.

Source: https://baodautu.vn/tap-doan-xuan-thien-khoi-cong-to-hop-thep-xanh-hang-dau-the-gioi-d309814.html