Illustrative Image (Source: VNA)

Hanoi (VNA) – A delegation of investors from the Republic of Korea (RoK) has visited Hoa Phat Group, one of the three largest steel producers in Vietnam, to seek partnership opportunities.

The delegation, including Kunam Kim, Global Securities Director of the KB Securities and Le Thi Quyen, Deputy General Director of KB Security Vietnam, visited two steel plants of Hoa Phat in the northern province of Hung Yen.

The RoK firms showed interest in the steel production process and technology of Hoa Phat as well as the group’s growth prospects as its Dung Quat project completes.

Pham Thi Oanh, Director for Finance of Hoa Phat, said that the group is strong for its river port system at Hai Duong steel integrated complex. The firm is developing a similar system in Dung Quat complex, which is expect to handle ships with capacity of up to 150,000 tonnes, she said.

The ports has helped Hoa Phat reduce cost and get convenience in import-export activities, which pushes the firm up to top 50 biggest steel producers in the world, added Oanh.

She also highlighted that Hoa Phat is using Italian technology, which is friendly to the environment.

As the Dung Quat steel complex becomes operation, Hoa Phat’s competitiveness is expected to significantly increase, she stressed, adding that the group has focused on intensive processing and promoting added value of its products.

Currently, two major products of Hoa Phat are construction steel and steel pipes.

In late April this year, Hoa Phat introduced high quality painted steel sheet to the market.

In early June 2018, Hoa Phat also introduced its potential to Thai investors, including One Asset Management investment fund.-VNA