Business

Hoa Phat Group’s steel output surpasses 5 million tonnes for first time

The steel output of Hoa Phat Group, Vietnam’s leading steel producer, exceeded the 5-million-tonne benchmark for the first time in 2020.
Hoa Phat Group’s steel output surpasses 5 million tonnes for first time ảnh 1Hoa Phat steel (Photo: VNA)
Hanoi (VNA) – The steel output of Hoa Phat Group, Vietnam’s leadingsteel producer, exceeded the 5-million-tonne benchmark for the first time in2020.

Of the total output, construction steel reached 3.4 milliontonnes, up 22.5 percent year-on-year, while steel billets hit 1.7 milliontonnes, and hot rolled coil (HRC) was nearly 700,000 tonnes.

With these figures, Hoa Phat maintained its top position inVietnam, accounting for 33 percent of the market share, up 6.8 percentyear-on-year.

With an output of 784,000 tonnes for the whole year, thesouthern region recorded a remarkable growth of 70 percent compared to that ofthe previous year. Meanwhile, the northern region contributed the largestshare, with 48 percent of the total finished products sold by Hoa Phat.

Last year, Hoa Phat exported nearly 540,000 tonnes of finished products,doubling against 2019. The group’s main importers include Japan, the Republic ofKorea, Canada, Australia, Cambodia, Laos and Malaysia.

In addition, the group also shipped 1.7 million tonnes ofsquare billet for the production of construction steel to Thailand, China,Malaysia, Indonesia and Sri Lanka. Particularly, the export of steel billets toChina was 12 times higher than that in 2019.

The number of orders for Hoa Phat’s HRC products hasexceeded 300 percent of its production capacity. The HRC output at Hoa PhatDung Quat Iron and Steel Production Complex in 2020 reached nearly 700,000tonnes. The group sets a target of 2.7 million tonnes of HRC this year./.
VNA
#Hoa Phat Group #steel output #5-million-tonne benchmark #first time #construction steel #steel billets #Vietnam #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Top companies see profit slide in 9 months

Top companies see profit slide in 9 months

Forty of the largest companies by market capitalisation posted a 15 percent annual decline in total pre-tax profit, which fell to 162.8 trillion VND (7.02 billion USD) in January-September.
Hoa Phat posts surging imports from Australia

Hoa Phat posts surging imports from Australia

The Hoa Phat Group has reported some 700 million USD worth of imports from Australia this year, more than double the figure from last year and making the industrial manufacturer the largest Vietnamese client of the country.

See more

Officers of the Vam Lang border guard station in Dong Thap disseminate information on the prevention of illegal, unreported and unregulated (IUU) fishing and present a national flag to members of a local ship. (Photo: VNA)

Dong Thap province’s fishing cooperation models prove effective

According to Tran Thi Be Bay, Deputy Director of the provincial Department of Agriculture and Environment, the cooperative groups and cooperatives have members engaging in logistics services, such as purchasing seafood at sea and supplying fuel to fishing vessels, thereby helping fishermen stay longer at sea and increase productivity.

Vietnam’s pepper exports maintain strong growth momentum of over 25%, earning nearly 1.4 billion USD in the first ten months of 2025. (Photo: VNA)

Pepper exports maintains over 25% growth

According to the Vietnam Pepper and Spice Association (VPSA), the country exported 19,430 tonnes of pepper in October, including 16,464 tonnes of black and 2,966 tonnes of white pepper, with a total value of 129.5 million USD.

Vietnam's dragonfruits for export (Photo: VNA)

Tay Ninh expands middle East–Africa markets for farm produce

Leveraging its position as a gateway linking the Southeast and Mekong Delta regions, Tay Ninh province is asserting its role as a strategic hub in expanding agricultural supply chains to Muslim markets, especially the Middle East and Africa, which have emerged as promising destinations for Vietnamese agricultural exports, particularly Halal-certified products.

Vietnam’s Trade Counselor in India Bui Trung Thuong and Nguyen Phi Van, Chairwoman of Go Global Holdings, cut the ribbon at the opening ceremony of a Three O’Clock coffee shop at AIPL Joy Central. (Photo: tuoitre.vn)

Three O’Clock brings Vietnamese coffee to India’s billion-people market

This milestone on November 8 came 11 months after the signing of an international franchise agreement between Three O’Clock (a brand under the Teatime limited company) and its exclusive master franchise partner for the Indian subcontinent FranGlobal. Under the deal, FranGlobal will develop the brand in India, Nepal, Sri Lanka, and Bangladesh, committing to a minimum of 100 outlets within a decade.

A Vietjet flight attendant offers gifts to international passengers during a flight. (Photo: courtesy of Vietjet)

Vietjet reports strong growth in Q3, announces 20% stock dividend

In Q3, Vietjet's air transport revenue reached 16.728 trillion VND, with a pre-tax profit of 393 billion VND. Cumulatively, for the first nine months of the year, the company reported air transport revenue of 52.329 trillion VND and a pre-tax profit of 1.987 trillion VND, which increased by 28% year-on-year.

Nguyen Duc Thien, General Director of Vietnam Electricity (EVN)’s Northern Power Corporation (centre), chairs the working session with credit rating organisation Fitch Ratings (Photo: npc.com.vn)

Fitch Ratings affirms Northern Power Corporation at ‘BB+’ with stable outlook

The rating reflects EVNNPC’s standalone credit profile of ‘BB+’, which is on par with both parent company EVN and Vietnam’s sovereign rating of ‘BB+/Stable’. Fitch said the alignment of EVNNPC’s rating with EVN’s reflects the state-owned parent’s full ownership and the high likelihood of government support, consistent with Fitch’s Parent and Subsidiary Linkage Rating Criteria.

Vietnamese Ambassador to Brazil Bui Van Nghi (right) meets with President of the Brazilian Association of Soybean Producers (Aprosoja) Mauricio Buffon in Brasilia. (Photo: VNA)

Vietnam, Brazil boost agri-trade cooperation

The Vietnamese ambassador expressed the country’s desire to increase the export of aquatic products, cashews, wood items, processed farm produce, apparel, mobile phones, computers, and electronic components to Brazil.

A dancing performance at the opening ceremony of the 2025 K–Vietnam Pop-up Festa in Dalat on November 8 (Photo: VNA)

K-Market Vietnam 2025 held in Lam Dong

The event features a series of cultural and trade exchange activities between Vietnam and the Republic of Korea (RoK), with more than 100 Lam Dong and Korean enterprises showcasing typical products from both sides.

Workers handle the preliminary processing of sea grapes before production. (Photo: VNA)

Company brings Vietnamese sea grapes to the world

The Tri Tin Seaweed Company, founded by Le Ben, has pioneered a new path for the province’s aquaculture sector by establishing a fully integrated production chain, applying high-tech processes, and adhering strictly to international standards.

Prime Minister Pham Minh Chinh addresses the 21st meeting of the State steering committee for national key projects in the transport sector. (Photo: VNA)

Entire Cao Bang - Ca Mau expressway must be inaugurated on December 19: PM

PM Chinh, who is head of the steering committee, asked all parties involved to strive hard to achieve the goal of putting 3,000 kilometres of expressways and approximately 1,700 kilometres of coastal roads into operation in 2025, thus creating momentum to welcome the 14th National Party Congress and meeting the travel needs of the people during New Year 2026 and the Lunar New Year Festival.