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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top steelmaker Hoa Phat posts Q1 profit after two loss-making quarters
Vietnam's largest steel producer Hoa Phat Group returned to a post-tax profit of VND383 billion ($16.32 million) in the first quarter of this year, following severe losses in Q3 and Q4 of 2022.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam steel sales fall 23% to 3.9 mln tons in Jan-Feb
Steel sales in Vietnam fell 23.2% year-on-year to 3.85 million tons in the first two months of this year, including one million tons for export, down 10.4%, according to the 100-member Vietnam Steel Association (VSA).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top Vietnam steelmakers record sharp sales drop
Sales of Vietnam's leading steel producers has plunged sharply due to falling demand and domestic supply surplus.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel giant Hoa Phat starts operating $42 mln home appliance factory
Hoa Phat Group has begun production at its new home appliance factory worth VND1,000 billion ($42 million) in Ha Nam province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hoa Phat produces 5.5 mln tons of crude steel in 8 months
Hoa Phat Group, the largest Vietnamese steelmaker, produced 5.5 million tons of crude steel in the first eight months of the year, up 2% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hoa Phat exports first steel batch to Mexico
Hoa Phat Group, Vietnam’s largest steelmaker, has signed a contract to export 8,000 tonnes of rebar steel to Mexico, its first shipment to North America.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hoa Phat steel sales up 6% in six months
Hoa Phat Group, Vietnam's largest steelmaker, sold nearly 4 million tonnes of construction steel, billets and hot-rolled coils (HRC) in the first half of the year, up 6% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel giant Hoa Phat eyes $5 bln port, industrial park in Phu Yen
Hoa Phat Group, Vietnam’s largest steel maker, wants to invest around VND120,000 billion ($5.16 billion) in a port and industrial park in the central province of Phu Yen.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese billionaires' fortune drops $2.4 bln
Total net worth of Vietnamese billionaires has plunged by $2.4 billion since Forbes’s ranking of the planet’s richest people in early April due to the local stock market's turbulence.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel maker Hoa Phat expects lower profit in 2022
Hoa Phat Group, Vietnam’s leading steel producer, expected a profit after tax of VND25,000-30,000 billion ($1.08-1.29 billion) in 2022, down 13-28% from 2021.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese billionaires' companies contribute $3.24 bln to state budget
Corporations run by Vietnamese billionaires contributed VND75.2 trillion ($3.24 billion) to the state budget in 2021, with Pham Nhat Vuong’s Vingroup making the largest contribution.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel maker Hoa Phat makes Forbes global 2000 largest list
Hoa Phat Group, Vietnam’s largest steel producer, has entered the world list of 2,000 largest companies, ranking 1564th, according to Forbes.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel-maker Hoa Phat eyes urban complex project in Hue
Hoa Phat Group, Vietnam’s leading steel producer, said it wants to develop a sizable, modern urban complex in the former imperial city of Hue.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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