Hoa Phat Group to sell containers from Q4
The Hoa Phat container plant in Ba Ria-Vung Tau. Photo courtesy of the company.
A plant invested by Hoa Phat Group, Vietnam’s leading steel maker, to manufacture containers in Ba Ria-Vung Tau province will test run in the third quarter and launch products from the fourth quarter.
The plant is expected to reach a capacity of 200,000 TEU/year by the end of 2023. The figure can rise to 500,000 in the second phase.
Products are common containers which are 20-40 feet in length, according to its release.
Hoa Phat aimed to debut the plant “as soon as possible to cash in on the serious lack of empty containers shipped to Vietnam from overseas”.
Due to the Covid-19 pandemic, the release and rotation of empty containers have been stagnant, while demand for exporting goods to Europe and the US keeps rising as economies are reopening, leading to a scarcity of containers and a surge of container rental and transportation costs.
In Vietnam, there are a few dozen businesses related to containers (excluding service businesses), but most of them are mainly involved in container repair and renovation.
Hoa Phat Group’s three major business lines are steel, real estate (residential property and industrial parks) and agriculture.
In the first two months of the year, Hoa Phat’s construction steel sales reached 828,000 tonnes, a 2.2-fold increase year-on-year. Of this, 174,000 tonnes was shipped overseas, 2.6 times higher than the same period last year. Major export markets are Singapore, Hong Kong, Canada, Japan, South Korea and Cambodia.
The group’s complete construction steel products are expected to grow over 20 percent this year against 2021.
- Read More
Business confidence climbs as reforms gain traction amid global headwinds: EuroCham Vietnam
The index climbed to 66.5, surpassing pre-tariffs level and reaching its highest in three years – showcasing resilience and adaptability amid global headwinds and evolving U.S. tariff pressures.
Economy - Thu, October 16, 2025 | 4:36 pm GMT+7
Vietnam's stock market watchdog suspends two Grant Thornton auditors
Vietnam's State Securities Commission (SSC) has suspended two auditors from Grant Thornton Vietnam after determining that the 2024 audited financial statements of Saigon Water Infrastructure Corporation (HoSE: SII) failed to meet required standards.
Banking & Finance - Thu, October 16, 2025 | 3:35 pm GMT+7
Law No. 56 a major policy breakthrough for Vietnam's stock market development
The Law No. 56, effective January 1, 2025, is one of the major legal breakthroughs in recent years that will enhance the transparency and operational efficiency of the Vietnamese stock market.
Finance - Thu, October 16, 2025 | 2:30 pm GMT+7
WHA Group breaks ground on smart technology industrial zone in central Vietnam
Thailand's WHA Group on Tuesday broke ground on a world-class, modern, and environmentally friendly industrial zone in central Vietnam, namely the WHA Smart Technology Industrial Zone-Thanh Hoa.
Real Estate - Thu, October 16, 2025 | 2:00 pm GMT+7
Vietnam a key partner in Murphy Oil’s global strategy: exec
Vietnam remains a key partner in Murphy Oil’s global business strategy, said Eric Hambly, the U.S. corporation's president and CEO.
Companies - Thu, October 16, 2025 | 12:06 pm GMT+7
VNPT, Qualcomm debut Vietnam’s 1st original design-based excellence center
State-owned Vietnam Posts and Telecommunications Group (VNPT) and Qualcomm have officially launched the VNPT-Qualcomm Excellence Center (VQEC), the first facility in the country to operate under an original design co-development model using Qualcomm’s core technologies.
Companies - Thu, October 16, 2025 | 8:41 am GMT+7
Indonesia enjoys steady growth in nine months
Indonesia's Ministry of Finance on Tuesday announced the country’s 2025 budget performance as of September, reporting that Southeast Asia’s largest economy continued to post steady growth despite global economic uncertainties.
Southeast Asia - Wed, October 15, 2025 | 9:53 pm GMT+7
Malaysia on progressive path towards AI nation status: experts
Malaysia is on a progressive track towards becoming an Artificial Intelligence (AI) nation by 2030, a goal seen as achievable under Budget 2026 - the Malaysian Government’s fiscal and policy framework for 2026.
Southeast Asia - Wed, October 15, 2025 | 9:44 pm GMT+7
Thailand steps up development of semiconductor industry
Thailand’s Board of Investment (BOI) plans to propose a new national semiconductor and advanced electronics policy board to the government, which will spearhead Thailand’s semiconductor development strategy.
Southeast Asia - Wed, October 15, 2025 | 9:40 pm GMT+7
ASEAN sets ambitious energy targets
Senior energy officials from ASEAN member nations and Timor-Leste on Tuesday convened in Kuala Lumpur, Malaysia, to finalize key outcomes and policy recommendations to be submitted to the 43rd ASEAN Ministers on Energy Meeting (AMEM).
Southeast Asia - Wed, October 15, 2025 | 9:33 pm GMT+7
Sun Group gets nod for $375 mln inland waterway tourism project in central Vietnam
A subsidiary of Sun Group, one of Vietnam’s leading real estate developers, has received approval to invest VND9.88 trillion ($375 million) in an inland waterway tourism project in the central coastal city of Danang.
Industries - Wed, October 15, 2025 | 5:21 pm GMT+7
Vietnamese luxury car dealer Haxaco’s business slumps, stock nears two-year low
The operations of Hang Xanh Automobile Service JSC or Haxaco (HoSE: HAX), known as the largest distributor of Mercedes-Benz vehicles in Vietnam, are under pressure as consumers tighten spending and competition among car brands intensifies.
Companies - Wed, October 15, 2025 | 5:13 pm GMT+7
Vietnam sets 2026 GDP growth target at 10%
The Vietnamese Government has set the targets for economic expansion in 2026 at about 10% and inflation at 4.5%.
Economy - Wed, October 15, 2025 | 4:28 pm GMT+7
Movement of mega projects creates momentum for central Vietnam's Van Phong Economic Zone
A series of large-scale projects in Van Phong Economic Zone are being accelerated, opening new prospects for breakthroughs in this key growth hub of Khanh Hoa province.
Industries - Wed, October 15, 2025 | 12:24 pm GMT+7
Vietnam's International Financial Center ambition can unlock new wave of innovation
By embedding clarity, consistency, and collaboration into the foundations of its International Financian Center, Vietnam can create not just another financial center, but a hub for innovation that connects Asia to the world, writes Phil Wright, COO, HSBC Vietnam.
Consulting - Wed, October 15, 2025 | 11:03 am GMT+7
Gamuda Land expands Singapore portfolio with Chencharu Close win
Gamuda Berhad has announced that its property arm, Gamuda Land, has formally executed the acceptance of the award for a significant land parcel at Chencharu Close, Yishun, Singapore.
Companies - Wed, October 15, 2025 | 10:41 am GMT+7
