Vietnam steel industry sees drivers for growth
Rising demand, recovering exports and decreasing raw material prices will be the driving forces for the Vietnamese steel industry to expand this year, according to broker Agribank Securities (Agriseco).
Industries - Mon, May 13, 2024 | 11:55 am
Steel giant Hoa Phat plans charter capital hike to $2.5 bln via share issuance
Vietnam’s leading steel maker Hoa Phat will issue nearly 581.5 million shares to existing shareholders at a rate of 10%, raising its charter capital from VND58.15 trillion to VND64 trillion ($2.51 billion).
Companies - Sun, May 12, 2024 | 10:17 am
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
Vietnams steel major Hoa Phat 'confident' about China competition
Senior officials of major Vietnamese steel maker Hoa Phat are confident that the company can deal with Chinese competition, given the attention they’ve paid to their costing.
Companies - Thu, March 28, 2024 | 4:00 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
Steel producer Hoa Phat to build 2 wharves in central Vietnam port
Hoa Phat General Port JSC, a subsidiary of steel giant Hoa Phat, has been given the green light to research, survey, and propose projects to build wharves No. 4 and No. 5 at Dung Quat I Terminal in line with planning, said Quang Ngai province's People’s Committee.
Infrastructure - Sat, October 21, 2023 | 9:55 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
Steel prices may recover slightly in final months of year: SSI Securities
The last quarter of the year is expected to see a rise in steel prices thanks to positive consumption signs, according to leading broker SSI Securities.
Companies - Wed, August 23, 2023 | 9:30 am
Vietnam steel industry still faces huge difficulties in Q3: KIS Securities
The third quarter of 2023 will be another challenging period for Vietnamese steel producers as market demand is forecast to remain weak due to the rainy season and falling prices that will affect companies’ profit margins.
Companies - Sun, August 13, 2023 | 2:14 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
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LG’s chemicals arm records modest 2023 profits in Vietnam
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Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
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SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
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