MoIT denies proposing price stabilisation fund for steel

MoIT denies proposing price stabilisation fund for steel

The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.
Hoa Phat Group completes acquisition of Australia's Roper Valley iron ore mine

Hoa Phat Group completes acquisition of Australia's Roper Valley iron ore mine

Vietnamese steel maker Hoa Phat Group today announced that it has taken over the Roper Valley iron ore mine project in Australia.
Vietnam's iron and steel exports go through the roof

Vietnam's iron and steel exports go through the roof

Vietnam’s exports of iron and steel reached over $1.8 billion in the first quarter of 2021, with a strong increase that provides good signs for future progress.
Buoyant steelmakers still hoping for more

Buoyant steelmakers still hoping for more

Listed steel companies announced breakthrough business results in the fourth quarter of 2020, enticing potential investment in the sector, and ending a successful year that they could hardly have imagined after the first period of the year was negatively affected by the pandemic outbreak.
Support recovery for the steel sector

Support recovery for the steel sector

Although the nation’s consumption of steel products decreased compared to last year, production and sales show signs of recovery among a few listed steelmakers, while others are trying to reach break-even point this year.
Phu Tho struggling to come to grips with farm pollution

Phu Tho struggling to come to grips with farm pollution

The long story of environmental pollution and lack of responsibility from large-scale livestock companies in Vietnam has yet to end, and now the issue is rearing its ugly head in the northern province of Phu Tho.
Tough spot for steel ventures as pandemic cuts off progress

Tough spot for steel ventures as pandemic cuts off progress

The global coronavirus developments coupled with the falling demand are adding more pressure for some steelmakers to lay idle their projects, cut products, or ponder mergers and acquisitions strategies to ensure their cash.
Pig sellers urged to aid in balancing out prices

Pig sellers urged to aid in balancing out prices

Major livestock firms Hoa Phat Group, CJ Vietnam, and Japfa Comfeed have denied accusations from the Department of Livestock Production that they are failing to co-operate with the government..
Toiling steel ventures ask for state urgency

Toiling steel ventures ask for state urgency

The unpredictability of the global coronavirus outbreak has disrupted the demand for steel and forced steel projects to lay idle or cut production.
Stocks rebound despite measure of pessimism among foreign investors

Stocks rebound despite measure of pessimism among foreign investors

In the first two days of the week, stocks bounced back from a coronavirus-induced plunge, but due to banks' extending a helping hand to affected companies.
Dung Quat steel project likely change Hoa Phat’s market share

Dung Quat steel project likely change Hoa Phat’s market share

Hoa Phat Group’s Dung Quat project will increase steel supply, leading to change market shares of steel firms on the domestic market, according to KIS Vietnam Securities Corporation (KIS).
Vietnamese, Japanese steel makers seek long-term cooperation

Vietnamese, Japanese steel makers seek long-term cooperation

Vietnam’s leading steel maker – Hoa Phat Group – and Kyoei Steel Group of Japan shared the wish for long-term cooperation in steel billet and scrap steel supply.
Hoa Phat invests nearly 43 trillion VND in Dung Quat project

Hoa Phat invests nearly 43 trillion VND in Dung Quat project

In the first half of 2019, Hoa Phat Group poured nearly 9.17 trillion VND (393.35 million USD) into Dung Quat iron and steel production complex, raising total investment in the project to approximately 42.92 trillion VND.
New steel complex levels up Hoa Phat

New steel complex levels up Hoa Phat

A new iron and steel complex will ­help Hoa Phat Group, a leading steelmaker in Vietnam, become self-reliant on material sources and meeting the strict rules of origin requirements of major export markets.
Taking pride in private enterprises

Taking pride in private enterprises

As the Vietnamese economy strives to become more prosperous over the next few years, the country is fostering the development of major private enterprises considered to be a focus of national pride and a new source of prosperity. Tuyet Anh reports.