Positive signs for steel industry at year-end Business

Positive signs for steel industry at year-end

The production and consumption of building materials started resuming at the end of the third quarter this year as lots of construction works were speeding towards completion, however, local producers have been warned to watch the market to avoid a possible surplus.
Hoa Phat reports highest-ever revenue, after-tax profit Business

Hoa Phat reports highest-ever revenue, after-tax profit

The industrial manufacturer Hoa Phat Group posted 24.9 trillion VND in revenue in the third quarter of this year, up 62.7 percent year on year, and after-tax profit of over 3.78 trillion VND, doubling the figure recorded in the same period last year, the highest result that the firm has made in a quarter.
Steel industry expects consumption recovery by year-end Business

Steel industry expects consumption recovery by year-end

The implementation of many large projects after the social distancing period and disbursement of public investment for infrastructure until the end of this year are expected to support growth in construction steel consumption, according to Rong Viet Securities (VDSC).
Hoa Phat steel sales surge in July Business

Hoa Phat steel sales surge in July

Leading steel manufacturer Hoa Phat Group sold 300,000 tonnes of construction steel in July, a rise of 19 percent over that in June and 27.5 percent year on year.