Hyosung Corporation, a South Korean industrial conglomerate, in 2018, initiated construction of a port. The port is specifically built in the Cai Mep Industrial Zone in the Tan Thanh district of southern Vietnam with the primary objective of increasing its market share, primarily in the polypropylene (PP) sector and the Propane Dehydrogenation (PDH) unit. This port will be a part of the larger Hyosung Chemical Complex with manufacturing of materials such as PP/DH, Film, Purified Terephthalic Acid, Neochem, Optical Film and Polyketone.