Agriculture, forestry and fishery takes up 35.5% of total GDP and the province's GDP accounts for 0.7% of Vietnam's GDP. Vũng Áng harbour with some plants, factories and a thermal power station is becoming the most active economic hub. Vietnam Steel operates an
iron mine in Thạch Khê District, with reserves of 544 million tonnes of iron. A US$10 billion iron and steel plant was built in Vũng Áng in the 2010s (see
Formosa Ha Tinh Steel Corporation). The steel plant is part of an industrial park, which is estimated to cost more than US$20 billion. When finished in 2020, the industrial park will have a port, a 2,100-MW power plant and a steel plant with six blast furnaces. In 2016, the Formosa Steel plant released untreated waste water with heavy metals and other toxins into the nearby sea, which caused the
2016 Vietnam marine life disaster. ==History==