Nam Kim Steel builds $178 mln factory in southern Vietnam

Nam Kim Steel builds $178 mln factory in southern Vietnam

Ho Minh Quang, chairman of Nam Kim Group, says work is proceeding space on the VND4.5 trillion ($177.55 million) Phu My steel roofing factory in Ba Ria-Vung Tau province and it should become operational in Q4/2025 or Q1/2026.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam steel companies’ 2024 profits to recover from low bases

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

Nam Kim Steel profit reaches only 44.3% of 2023 target

Nam Kim Steel profit reaches only 44.3% of 2023 target

Although the business results of Nam Kim Steel, a major steelmaker in Vietnam, in 2023 were better than 2022, the company completed only 93% of its revenue plan and 44.3% of its profit target.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel sales in Vietnam drop 7% in 2022

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

Nam Kim Steel records first loss in 10 years

Nam Kim Steel records first loss in 10 years

Nam Kim Steel, a major steelmaker in Vietnam, made a loss of VND66.7 billion ($2.84 million) in 2022, its first loss in 10 years, with net revenue reaching VND23,071 billion ($983.8 million), down 19% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steelmaker Nam Kim shares dragged down by investor sentiment: company

Steelmaker Nam Kim shares dragged down by investor sentiment: company

Nam Kim Steel JSC, a galvanized steel sheet producer, says it cannot control the fall of its share price for five consecutive sessions because it was caused by investor sentiment.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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