HD Hyundai Eco Vina began construction on a $116 million independent tank manufacturing facility at Vietnam’s Dung Quat Economic Zone on August 15, expanding the South Korean firm’s heavy-industrial footprint in Quang Ngai province. The project adds a new production line to a wider $451 million industrial complex the company is building on the site of the former Doosan Vina facility.
Key Facts At A Glance
- Project value: $116 million (part of a $451 million total complex investment)
- Site: 26.7 hectares within the 101-hectare Dung Quat Economic Zone complex
- Groundbreaking date: August 15, 2026
- Expected completion / production start: April 2027
- Construction period: approximately 12 months
- Employment commitment: 1,500 existing workers retained, 1,500 new local hires
- Products: independent tanks for the maritime and shipbuilding industry, alongside existing port crane and industrial module lines
- Investor: HD Hyundai Eco Vina Co., Ltd., part of South Korea’s HD Hyundai Group
HD Hyundai Eco Vina broke ground on the facility on August 15 at the Dung Quat Economic Zone in Quang Ngai province, marking an expansion of the heavy-industrial complex it took over from Doosan Enerbility Vietnam. The new tank production zone spans more than 26 hectares and carries a construction timeline of roughly 12 months, with the facility expected to begin production in April 2027. Once operational, the plant will manufacture independent tanks for the modern maritime industry, positioning the product line as a strategic pillar alongside the company’s existing port crane and industrial module businesses.
The facility will also function as a direct supply base for HD Hyundai Group’s global shipbuilding operations, tying the Quang Ngai investment into the parent company’s broader international production network. Company general director Choi Seung Hyun said the site currently focuses on heavy industrial equipment manufacturing, particularly port cranes and large-scale industrial modules for the energy, refining and petrochemical, and heavy industry sectors, with products already supplied to domestic and international projects.
Permanent Deputy Prime Minister Pham Gia Tuc attended the groundbreaking ceremony, alongside representatives from central ministries, Military Region 5, and the Consulate General of the Republic of Korea in Danang. Quang Ngai People’s Committee chairman Nguyen Duc Tam said the broader complex, with total investment of $451 million across 101 hectares including the new $116 million expansion, is designed to establish a manufacturing hub for high-tech port cranes, tanks, and eco-friendly shipbuilding, aligning with national goals on green development and emissions reduction.
A significant component of the investment is its labor commitment. HD Hyundai Eco Vina has pledged to retain 1,500 existing workers from the site while providing additional training, and to recruit a further 1,500 local employees as the tank production line ramps up. Provincial officials framed the commitment as generating both employment and budget revenue while strengthening supporting industries tied to Quang Ngai’s mechanical engineering sector.
The project follows HD Hyundai’s earlier acquisition and restructuring of the former Doosan Vina complex, a $300 million, 100-hectare industrial site that had produced power plant equipment, port cranes, desalination plants, and offshore wind components. In parallel with the new tank facility, HD Hyundai Eco Vina is restructuring its existing production layout and investing in new equipment for its current workshops ahead of tank production beginning in 2027.