POSCO Group invests USD 282 million in Thai Nguyen

A working session and the handover of the Investment Registration Certificate and Enterprise Registration Certificate to Posco Future M Company, under South Korea’s POSCO Group, recently took place at the headquarters of the Thai Nguyen Provincial People’s Committee.

Chairman Vuong Quoc Tuan presents the Investment Registration Certificate to Posco Future M Company.

The project to build an artificial graphite cathode material manufacturing plant at Song Cong II Industrial Park is POSCO Group’s first overseas project since entering this field in 2011. It is also the first large-scale battery material production project in Vietnam, carrying significant importance for Thai Nguyen’s investment attraction strategy and industrial development orientation.

Notably, shortly after the official meeting and discussions between the two sides, Thai Nguyen Province applied the “green lane” mechanism, completed all procedures, and granted the Investment Registration Certificate to the company.

Speaking at the conference, Chairman of the Thai Nguyen Provincial People’s Committee Vuong Quoc Tuan affirmed that the implementation of POSCO Group’s project, with a total investment of over USD 282 million, would further strengthen the good relationship between Vietnam and South Korea. He requested Viglacera Corporation to continue promoting its role and responsibility as the investor of industrial park infrastructure, proactively coordinate closely with relevant departments, agencies, and local authorities, and focus on supporting and accompanying Posco Future M throughout the project implementation process.