Hoa Phat Equipment & Accessories Co., Ltd, a subsidiary of the leading Vietnamese steel maker Hoa Phat Group (HPG), sold 3,000 tonnes of wire drawing steel in the domestic and foreign markets, namely the Republic of Korea (RoK) and Laos, in the first quarter of 2018.
Hanoi (VNA) – Hoa Phat Equipment & Accessories Co., Ltd, a subsidiary of the leading Vietnamese steel maker HoaPhat Group (HPG), sold 3,000 tonnes of wire drawing steel in the domestic andforeign markets, namely the Republic of Korea (RoK) and Laos, in the first quarterof 2018.
The product was certified by the Standard Approval Centre No 1 (Quacert 1) to meetstandards of Vietnam (TCVN), the American Societyfor Testing and Materials (ASTM) of the US, the British Standards Institution of the UK, and the Japanese Industrial Standards.
With nine production lines of wire drawing steel and one galvanizing line forthe first phase, the plant’s capacity is estimated to reach 40,000tonnes each year.
The grouptargets revenue of 55 trillion VND (around 2.42 billion USD) and after-taxprofit of 8.05 trillion VND (354.6 million USD) in 2018.
Itsaccumulated revenue in 2017 reached 46.8 trillion VND (some 2 billion USD),posting an increase of 38 percent year-on-year. After-tax profit also hit arecord high to reach 8 trillion VND (352.4 million USD), surpassing the settarget by 33 percent and increasing 21 percent over the previous year.
Thegroup’s steel business played the key role, contributing some 90 percent of itstotal revenue and after-tax profit.
Lastyear, Hoa Phat exported some 200,000 tonnes of steel products. They included161,000 tonnes of steel bars and rolled steel to the US, Canada, Australia,Malaysia and Cambodia.
Withits positive business results, the group contributed 5 trillion VND (220million USD) to the State budget in 2017, an increase of 40 percent from2016.-VNA
Hoa Phat Group hopes to earn more than 100 trillion VND in revenue by 2020, the year the Hoa Phat Dung Quat iron and steel production complex is expected to become fully operational.
Hoa Phat Dung Quat Steel JSC of Hoa Phat Group is coordinating with Italy’s Danieli – one of the world’s largest suppliers of metallurgical equipment to consider a project on stainless steel (inox) production.
Hoa Phat Group, a major industrial group in Vietnam, announced that it exported 30,800 tonnes of steel to the US, Australia and Asian countries in February.
Steelmaker Hoa Phat Group targets revenue of 55 trillion VND (around 2.42 billion USD) and after-tax profit of 8.05 trillion VND (354.6 million USD) in 2018.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA) 
