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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

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