Hoa Phat Group (HPG), the largest steel maker in Vietnam, reported post-tax profit of over 2.75 trillion VND (120.2 million USD) in the second quarter of this year, its highest quarterly post-tax profit for 30 years, up 34 percent year-on-year.
The Ministry of Finance has postponed its plan of increasing the most-favoured nation (MFN) tariff on imported hot rolled steel coil (HRC) from zero percent to 5 percent after collecting opinions from businesses and experts.
Hoa Phat Dung Quat Steel Joint Stock Company and Italy’s metal plants supplier Danieli Company have signed a contract to install thin slab caster and hot-rolled mill for the Hoa Phat Dung Quat iron and steel production complex in the central province of Quang Ngai.