Vietnamplus

The Vietnam Report JSC on March 24 announced top 10 construction material companies of Vietnam in 2023.

Vietnamese steel giant Hoa Phat Group reported that weakening demand has led to sluggish sales of its products since early this year.

Stakeholders are calling for a new decision-making mechanism for State-owned enterprises to allow them to operate more independently and sustainably.

Steel companies witnessed hardships in the fourth quarter of 2022 with many big players suffering losses.

Hoa Phat Group has signed a contract to export 10,000 tonnes of steel wire in coil form to Europe.

Most steel companies recorded gloomy business results in the third quarter of 2022, according to a recent report on the construction and building materials industry by VNDirect Securities Corporation.

Hoa Phat Group produced over 6 million tonnes of crude steel in the first nine months of the year, matching its output from last year.

Shares inched lower on September 16 as rising selling pressure in the afternoon session weighed on the market’s sentiment.

Hoa Phat Group contributed nearly 7.4 trillion VND (315.97 million USD) to the State budget in the first half of 2022, rising 42% year on year and surpassing the entire 2020’s estimate, the conglomerate reported.

Hoa Phat Group has reported that it sold nearly 4 million tonnes of steel in the first half of 2022, up 6% compared to the same period last year.

Hoa Phat Group and four commercial banks of Vietnam have been named in this year’s Forbes list of the world’s 2,000 largest companies (Global 2000).

Hoa Phat Group and four commercial banks of Vietnam have been named in this year’s Forbes list of the world’s 2,000 largest companies (Global 2000).

Seven Vietnamese names are among the 2,668 of dollar billionaires worldwide as per Forbes' latest update to its annual rich list.

Favourable factors, including the Government’s support packages and the reopening of tourism, have given a fresh impetus to the real estate market.

Steel maker Hoa Phat Group announced that its subsidiary Hoa Phat Dung Quat Steel Joint Stock Company has signed a contract to export the first batch of 35,000 tonnes of hot rolled coil (HRC) steel to Italy.

Vietnam’s leading steelmaker Hoa Phat Group recorded its highest ever after-tax profit of 34.5 trillion VND (1.5 billion USD) in 2021, 1.5 times higher than the previous year and surpass 92 percent of the whole year’s set target.

Steelmaker Hoa Phat Group exported 914,000 tonnes of construction steel in the first 11 months of this year, a year-on-year surge of 90 percent.

Despite disruptions caused by the fourth wave of the COVID-19 pandemic, steel producers still reported extraordinary profits.

Vietnam’s largest steelmaker Hoa Phat Group has said its steel exports in September doubled compared to the previous month, hitting a record high of nearly 50,000 tonnes.

Vietnam’s largest steelmaker Hoa Phat Group has announced that it contributed over 6.3 trillion VND (about 276 million USD) to the State budget in the first seven months of the year, posting a year-on-year jump of 94 percent.