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Vietnam steel magnate says excessive imports threaten domestic production

Rising steel imports are threatening domestic production, said Tran Dinh Long, chairman of Vietnamese steel producer Hoa Phat Group.

Companies - Mon, April 15, 2024 | 8:37 pm

Steel major Hoa Phat to focus on core business, research high-speed train rails

Vietnamese steel giant Hoa Phat Group will focus its resources on its core business in the short term to compete with imports amid intensified industry competition, said its chairman.

Companies - Thu, April 11, 2024 | 6:52 pm

Steel giant Hoa Phat aims for $406 mln profit, 10% dividends in 2024

Vietnam’s top steelmaker Hoa Phat Group is targeting VND140 trillion ($5.68 billion) in revenue and VND10 trillion ($405.7 million) in net profit this year, respective increases of 17% and 46% compared to 2023.

Companies - Wed, March 13, 2024 | 10:46 am

Steel prices to rise this year, but not significantly: trading floor exec

Several domestic and international factors will push steel prices up this year, but not by much, said Nguyen Ngoc Quynh, deputy general director of the Mercantile Exchange of Vietnam (MXV).

A year in review and 2024 forecasts - Thu, January 18, 2024 | 10:53 pm

Top steelmaker Hoa Phat expects 2023 improvements to continue with higher sales, profits

Vietnam’s top steel maker, Hoa Phat Group, expects to carry further forward the year-on-year progress it made in 2023 with improved sales and better prices this year.

Companies - Tue, January 9, 2024 | 9:10 am

Vietnam's No.1 steelmaker Hoa Phat posts 5-quarter high Q3 profit

Stable raw material prices and improved sales helped Hoa Phat Group, Vietnam's largest steelmaker, earned a post-tax profit of VND2 trillion ($81.37 million) in the third quarter of 2023, the heftiest in five quarters.

Companies - Sun, October 29, 2023 | 12:03 pm

Steelmaker Hoa Phat welcomes first container ship to new port

The Hoa Phat Dung Quat general container port, invested by Vietnam’s biggest steelmaker Hoa Phat Group, welcomed its first container ship on Sunday.

Companies - Tue, August 22, 2023 | 5:15 pm

Hoa Phat Group hands over first shipment of 100 containers

Hoa Phat Container Manufacturing JSC, a subsidiary of steel giant Hoa Phat, on Friday handed over a shipment of 100 20-foot containers to the Ho Chi Minh City-based New Way Lines Co., Ltd.

Companies - Sat, August 5, 2023 | 11:54 am

Vietnam’s major steel producers report Q2 profit plunge

Three of the nation’s steel majors - Hoa Phat Group, Hoa Sen Group and Nam Kim - have reported significant profit declines in the second quarter of this year, while Vnsteel has posted a loss.

Companies - Sun, July 30, 2023 | 9:26 am

Hoa Phat steel sales down 27% in first six months

Hoa Phat Group, Vietnam's largest steelmaker, sold 2.9 million tons of construction steel, billets and hot-rolled coils (HRC) in the first half of the year, down 27% year-on-year.

Companies - Sat, July 8, 2023 | 11:23 am

Hoa Phat eyes seaport, steel complex projects in Phu Yen province

Vietnamese conglomerate Hoa Phat Group has proposed to invest in four major projects in the South Phu Yen Economic Zone in the central coastal province of Phu Yen.

Investing - Fri, May 12, 2023 | 9:46 am

Vietnam's livestock giants report severe loss in Q1

The livestock segment of Hoa Phat Group, BaF Vietnam, Hoang Anh Gia Lai and Dabaco Group reported serious losses in the first quarter of 2023 due to difficulties in the market and surging interest expenses.

Companies - Wed, May 3, 2023 | 7:00 am

Major steel producers report mixed Q1 profit results

Steel producer Hoa Sen Group reported a profit increase of 7% year-on-year from January-March, while Nam Kim made a loss for the third consecutive quarter and Hoa Phat Group posted a 21-fold profit decrease.

Companies - Sun, April 30, 2023 | 3:18 pm