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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam steel companies’ 2024 profits to recover from low bases
Most listed Vietnamese steel businesses reported year-on-year declines in net revenue and net profit last year, but their profits are expected to grow well in 2024.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - 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's steel sector sees light at end of tunnel: Hoa Phat executive
Vietnam's steel sector has endured a difficult period, but the worst days are over, according to Tran Dinh Long, chairman of Hoa Phat Group, the biggest Vietnamese steel producer, as its performance improved from a loss in January to a profit in March.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel sales in Vietnam drop 7% in 2022
Steel output in Vietnam dropped 11.9% year-on-year last year to 29.34 million tons, while sales fell 7.2% to 27.3 million tons, the Vietnam Steel Association (VSA) reported.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel giant Hoa Phat’s post-tax profit drops 76% in 2022
Hoa Phat Group, the largest Vietnamese steelmaker, recorded a post-tax profit of VND8.4 trillion ($358 million) in 2022, down 76% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel sales drop 7% in 11 months
Steel output in Vietnam dropped 11.3% year-on-year in the first 11 months of the year to 27.12 million tons, while sales fell 6.8% to 25.1 million tons, according to Vietnam Steel Association.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Steel stocks hit floor prices en masse on poor Q3 performance
Steel stocks hit their floor prices en masse Monday as industry companies reported poor business performance in the third quarter of the year.
Finance - 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
Dragon Capital’s largest fund reports record-high cash holding
Vietnam Enterprise Investments Limited (VEIL), Dragon Capital’s largest fund, reported 8.71% cash-to-asset ratio, or $184.5 million, a record-high in recent years.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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