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.
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.
Hoa Sen move hinders Ca Na progress

Hoa Sen move hinders Ca Na progress

Hoa Sen Group is looking to transfer its involvement in the $10 billion Ca Na steel complex project in the south-central province of Ninh Thuan, posing new questions as to who could take over the troublesome venture.
Hoa Sen wallowing in debts

Hoa Sen wallowing in debts

The revenue and profit of Hoa Sen Group (code: HSG) continues reducing sharply despite the closing of a lot of branches.
Hoa Sen Group shuts down ten more branches

Hoa Sen Group shuts down ten more branches

To overcome business difficulties, Hoa Sen Group has just closed ten branches in addition to the 21 units shut down in January to restructure the company.
Hoa Sen Group closes 21 branches

Hoa Sen Group closes 21 branches

Hoa Sen Group’s plan was carried out after the 2019 annual shareholders’ general meeting to restructure distribution points in the form of provincial branches.
Hoa Sen Group construction fire adds salt to injury

Hoa Sen Group construction fire adds salt to injury

A trade centre of a Hoa Sen Group subsidiary under construction caught fire, adding to the mounting debt problems of the corporation.
Gemadept finalises divestment from Hoa Sen-Gemadept Port

Gemadept finalises divestment from Hoa Sen-Gemadept Port

Gemadept Corporation has just announced completing the divestment of its 51 per cent stake in Hoa Sen-Gemadept Logistics and International Port Corporation.
One more foreign investor flees from Hoa Sen Group

One more foreign investor flees from Hoa Sen Group

Hoa Sen Group’s newest dissident is Tundra, which officially sold 1.36 million stocks at one of Vietnam’s largest steel makers.
Hoa Sen Group crumbles?

Hoa Sen Group crumbles?

Falling profit figures and stock prices, mounting debt pressures, and the latest halting of a project in Nghe An show that Hoa Sen Group fell on hard times.
Tundra Fonder becomes major shareholder of HSG as others withdraw

Tundra Fonder becomes major shareholder of HSG as others withdraw

Tundra Fonder has just bought one million additional shares in Hoa Sen Group (HSG), while even the wife of the HSG chairman is selling all her stocks.
Bad performance spells doom for $10.6 billion Hoa Sen Group steel complex?

Bad performance spells doom for $10.6 billion Hoa Sen Group steel complex?

The consecutive decrease in profit makes it questionable whether Hoa Sen Group can develop the $10.6-billion Ca Na steel project.