Hoa Phat chief urges swift action to boost Vietnam’s steel industry

Hoa Phat chief urges swift action to boost Vietnam’s steel industry

Hoa Phat Group has urged the government to accelerate decision-making, ensure transparent procurement, and prioritise Vietnamese products.
Vingroup sets up $380 million steel company

Vingroup sets up $380 million steel company

Vingroup announced the establishment of VinMetal JSC for Manufacturing and Trading on October 6.
The quiet revolution of the steel sector across Vietnam

The quiet revolution of the steel sector across Vietnam

From humble beginnings to industry giants, private steelmakers like Hoa Phat and Hoa Sen are reshaping Vietnam’s industrial future, one furnace at a time.
Hoa Phat Group breaks ground on high-grade steel and railway track plant

Hoa Phat Group breaks ground on high-grade steel and railway track plant

Vietnamese steelmaker Hoa Phat Group will begin construction of a new factory producing high-quality steel and railway tracks this month.
Europe slaps provisional tariffs on Vietnamese steel

Europe slaps provisional tariffs on Vietnamese steel

The European Commission has imposed provisional anti-dumping duties on hot-rolled steel imports from Egypt, Japan, and Vietnam.
Legal risks remain for steel exporters

Legal risks remain for steel exporters

Starting March 4, all aluminium and steel imports into the US will be subject to a 25 per cent tariff. This sudden change presents significant challenges for Vietnamese exporters. As Vietnam ranks fourth among the largest steel suppliers to the US, this policy shift could have severe direct and indirect consequences for the country’s steel and aluminium.
US steel policy to require robust reply

US steel policy to require robust reply

The application of an additional tax on imported aluminium and steel from the United States will negatively affect exporting countries, including Vietnam, and will require a response targeting market diversification.
Vietnam still holds opportunities for continued steel, aluminum exports to US: official

Vietnam still holds opportunities for continued steel, aluminum exports to US: official

Vietnam's steel and aluminum products are renowned for their competitive prices and high quality, offering significant value to the US economy by helping curb inflation and fostering stronger bilateral trade ties, a point echoed by many importing nations.
China’s huge stimulus package to affect Vietnam's key industries

China’s huge stimulus package to affect Vietnam's key industries

Vietnam's seafood, rubber, and steel industries stand to gain from China's latest round of economic stimulus measures.
Two Hoa Phat subsidiaries ruled as dumping steel wire rod

Two Hoa Phat subsidiaries ruled as dumping steel wire rod

Two subsidiaries of Hoa Phat Group have been determined by Canada to be engaging in anti-dumping.
Thua Thien – Hue calls for investment in 32-trillion-VND steel project

Thua Thien – Hue calls for investment in 32-trillion-VND steel project

The central province of Thua Thien – Hue is calling for investment in a 32 trillion VND (1.28 billion USD) steel project in Chan May – Lang Co Economic Zone.
Formosa Ha Tinh reports loss of nearly $666.7 million in 2023

Formosa Ha Tinh reports loss of nearly $666.7 million in 2023

Formosa Ha Tinh Steel JSC reported a loss of VND15.7 trillion ($654.16 million) in 2023, doubling the figure of 2022, while revenue decreased by 3.2 per cent.
Probes ongoing to protect steel firms

Probes ongoing to protect steel firms

An increase in Chinese steel imports is causing pressure on domestic steelmakers and anti-dumping risks.
VNSTEEL – the journey towards “green steel” strategy

VNSTEEL – the journey towards “green steel” strategy

Pham Cong Thao, deputy general director of VNSTEEL, talked to VIR’s Bich Thuy about the firm's “green steel” journey to meet international requirements.
Positive outlook for Vietnam's steel industry in 2024

Positive outlook for Vietnam's steel industry in 2024

The steel industry in Vietnam is expected to have a positive outlook for 2024, with major companies like Hoa Phat and Hoa Sen projected to experience significant recoveries, while small businesses may face challenges in finding output due to the recovery of steel prices and demand from large contractors.
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