Prime Minister of Vietnam visits Formosa Ha Tinh Steel Corporation on July 20th

Vietnam Prime Minister Nguyen Xuan Phuc visited Formosa Ha Tinh Steel Corporation (FHS) No. 2 blast furnace after its ignition, together with government officials such as Minister Mai Tiến Dũng and Ha Tinh Province Secretary Le Đinh Son on July 20th. Formosa Plastics Group Chairman Wong WenYuan visited the factory in person. Also, Chen Yuan-Cheng (Chair of Formosa Ha Tinh Steel Corporation), Weng Chao-Tung (Chair of China Steel Corporation), and Yoshihisa Kitano (Representative Director of Japan's JFE Holdings) were also present to welcome the Prime Minister.

No. 2 blast furnace of FHS was successfully ignited on May 18th this year. The steel plant has entered the mass production stage. It is estimated that the two blast furnaces can produce 5 million tons of molten iron this year, and the turnover is estimated to reach 2.6 billion US dollars.

Prime Minister Nguyen Xuan Phuc also inspected the ecological pool, blast furnace plant, hot rolling plant and port. During the process, he highly praised the production, environmental protection facilities and port operations.

During the visit, Chairman Wong WenYuan stated that FPG is currently investing US$14.6 billion in Vietnam. After FHS goes full throttle on its production, the turnover of FPG in Vietnam is estimated to increase from US$3.9 billion in 2018 to 4.8 billion US dollars, and its contribution to Vietnam's economy will increase year by year. With FHS' achievements today, Wong would like to thank the Vietnamese government for its policy support and long-term guidance and assistance in the operations of the factory, ensuring the completion and operations of the factory.

Prime Minister Nguyen Xuan Phuc expressed his approval of FHS' environmental effort and the successful operations of the two blast furnaces. He especially praised FHS' enormous contributions to Vietnam's economic growth, and how it has created over 12,000 job opportunities while promoting various charitable activities. At the same time, Prime Minister Nguyen Xuan Phuc instructed the central and local governments to continue helping investors solve problems and ensure a wholesome investment environment.