Vietnamplus

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.

Vietnam's leading industrial manufacturing group Hoa Phat recorded the highest ever after-tax profit in a quarter at 10.3 trillion VND (453 million USD) in the third quarter of this year, 2.7 times higher than the same period last year.

Hoa Phat Group's steel output in July reached 700,000 tonnes, up 70 percent from the same period last year.

Vietnam’s largest steelmaker, the Hoa Phat Group, sold a total of 3.7 million tonnes of steel products in the first five months of this year, up nearly 70 percent against the same period last year.

Steel manufacturer Hoa Phat Group sold a total of 869,000 tonnes of steel in April, a surge of 65 percent compared to the same month last year.

Local construction firms face the risk of bankruptcy as the price of steel has soared 40 percent recently.

Leading steel manufacturer Hoa Phat Group sold more than 2.16 million tonnes of steel in the first quarter of this year, recording strong increases in the sales of all products in the period.

Leading steel manufacturer Hoa Phat Group sold a total of 439,000 tonnes of steel in February, a decline of 25 percent compared to January.

Vietnamese steel producer Hoa Phat Group will launch its Hoa Phat Dung Quat 2 iron and steel factory project in early 2022 with a capacity of 5 million tonnes per year, focusing on hot rolled coil (HRC) production using latest technology.

The Hoa Phat Group, Vietnam’s leading steel producer, produced more than 670,000 tonnes of crude steel in January, its highest output to date and representing an annual growth of 67 percent.

Despite the impact of COVID-19, the Hoa Phat Group still recorded a surge in both revenue and profit in 2020, the inter-sectoral conglomerate has said.

The steel output of Hoa Phat Group, Vietnam’s leading steel producer, exceeded the 5-million-tonne benchmark for the first time in 2020.

Leading steel manufacturer Hoa Phat Group sold nearly 4.14 million tonnes of steel in the first ten months of 2020.

Vietnam exported over 400,000 tonnes of construction steel in the third quarter of 2020, increasing by 4 percent and 37 percent compared to the first and second quarters, respectively, according to the Vietnam Steel Association (VSA).

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.

Construction steel sales are predicted to recover in the remaining months of 2020 after a fall in the January-August period due to impacts from the COVID-19 pandemic, according to the Vietnam Steel Association (VSA).

Hoa Phat Hung Yen Steel Co., Ltd – a subsidiary of Vietnam's leading steel manufacturer Hoa Phat Group - has signed a number contracts to export high-quality rolled steel branded SAE to African markets, marking its success in opening new export markets.

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.

Hoa Phat Group, the largest steel maker in Vietnam, exported over 20,000 tonnes of construction steel in April, up 17 percent year-on-year.

The central city has begun construction of a steel dam – the second of its kind – on the lower Cam Le River to reduce salinity and deal with serious water shortages in the dry season this year.