Top 5 Largest Steel Manufacturers In Vietnam – GTS Steel

Vietnam’s steel industry has witnessed significant growth and development over the past few decades, driven by rapid industrialization, urbanization, and infrastructure projects. The industry plays a crucial role in supporting various sectors such as construction, manufacturing, and transportation, contributing to the country’s economic development.

Vietnam’s steel sector benefits from abundant iron ore reserves, a growing domestic market, favorable government policies, and increasing foreign investment. The industry has undergone modernization and capacity expansion to meet the rising demand for steel products domestically and internationally.

The below are top 10 leading steel manufacturers in Vietnam:

1. HOA PHAT GROUP – Leading Vietnam’s steel manufacturer

Hoa Phat Steel, Vietnam’s premier industrial production group, commenced its journey in August 1992 as a specialized construction machine trading entity. Over time, it diversified its portfolio into various sectors including furniture, steel pipe manufacturing, construction steel, refrigeration, real estate, and agriculture. Symbolizing progress, Hoa Phat debuted on Vietnam’s stock market on November 15, 2007, under the stock code HPG.

Presently, Hoa Phat Group boasts 11 subsidiary companies, employing approximately 20,000 individuals, with operations spanning the nation and an additional office in Singapore. Steel production remains the cornerstone of the group, contributing to over 80% of its revenue and profits.

Within Hoa Phat’s steel production domain, key offerings encompass construction steel, hot rolled coil (HRC), pre-stressed steel, drawn steel wire, steel pipes, and color-coated steel coils.

With a robust capacity exceeding 7 million tons across various steel types, Hoa Phat Group emerges as Vietnam’s largest manufacturer of construction steel and steel pipes, commanding market shares of 25% and 30% respectively. Additionally, Hoa Phat Furniture dominates the furniture market share.

Hoa Phat has earned numerous accolades over the years, including recognition as a National Brand, positioning among the Top 50 largest and most effective enterprises in Vietnam, and ranking among the Top 10 largest private companies in the country. Its commitment to corporate responsibility is evident through substantial annual investments aimed at fulfilling its societal obligations, encapsulating its business philosophy of “Harmony for development.”‘

Main steel products of Hoa Phat:

1. Construction steel: Used in the construction of buildings, bridges, roads, and other infrastructure projects.
2. Hot rolled coil (HRC): A form of steel that is heated and rolled into coils, commonly used in manufacturing processes such as automotive, construction, and pipes.
3. Pre-stressed steel: Steel reinforced with tensioning wires or cables, commonly used in the construction of bridges, parking structures, and high-rise buildings.
4. Drawn steel wire: Steel wire that is drawn through a series of dies to achieve the desired diameter, used in various applications including fencing, construction, and automotive industries.
5. Steel pipe: Various types of steel pipes produced for applications such as water distribution, oil and gas transportation, and structural support.
6. Coated steel sheet in coils: GI, GL, PPGI, PPGL

2. FORMOSA HA TINH STEEL CORPORATION – Largest FDI steel manufacturer in Vietnam

Formosa Ha Tinh Steel Company was founded and commenced operations in Ha Tinh City on December 6, 2008. Its current headquarters are situated in the Vung Ang Economic and Financial Zone, within the Ky Anh Town, Ky Long Ward, Ha Province Static. With an impressive total investment capital of approximately 10 billion USD (with phase I achieving an output of over 10 million tons/year), Formosa stands as a pivotal contributor to the Son Duong Iron and Steel Complex Real Estate endeavor.

Formosa Ha Tinh city boasts registrations for an array of commercial ventures, spanning 11 diverse sectors. These include iron and steel production and trade, port trade, cement production, as well as the trading of electricity and water treatment plants.

Additionally, the company is engaged in construction, management and operation, and commercial activities related to gas plants. It further involves itself in the commercial distribution of compressed air and industrially used liquids such as oxygen and nitrogen. Furthermore, Formosa participates in the production, processing, trading, import, and export of related products including coke, tar, light crude oil, and commercial real estate.

Noteworthy financial success underscores Formosa’s performance, evident in its total revenue for the first quarter of 2021, which soared to $1,094 million, marking a substantial 56% increase compared to the same period in 2020.

The company’s core product output, including billets, large slabs, and small slabs, surged to 1,627 thousand tons, reflecting a commendable 17% growth over the corresponding period in 2020.

Main steel products:

+ Hot rolled coils steel

+ Construction steel (wire rod, bars…)

3. Hoa Sen Group – Leading coated steel coils manufacturer in Vietnam

Hoa Sen Group is a prominent steel company based in Vietnam, renowned for its significant contributions to the country’s industrial landscape. Established in 2001, the company has rapidly ascended to become a leading player in the steel industry, demonstrating robust growth and a commitment to innovation.

With its headquarters situated in Ho Chi Minh City, Hoa Sen Group operates multiple manufacturing facilities strategically located across Vietnam, enabling efficient production and distribution of its diverse range of steel products.

Since its inception, Hoa Sen Group has continuously expanded its production capacity to meet the growing demand for steel products in both domestic and international markets.

Boasting state-of-the-art manufacturing facilities equipped with advanced technology and stringent quality control measures, the company has established itself as a reliable provider of high-quality steel products.

Hoa Sen Group’s extensive product portfolio encompasses a wide array of steel products tailored to cater to various industrial and construction applications. From flat steel products such as galvanized steel sheets, cold-rolled steel coils, and pre-painted galvanized steel coils to long steel products including steel pipes, steel rods, and steel bars, the company offers comprehensive solutions to meet the diverse needs of its customers.

One of the key strengths of Hoa Sen Group lies in its robust export market presence. Leveraging its competitive advantages in terms of product quality, reliability, and efficiency, the company has successfully penetrated international markets across the globe. With a strong focus on Southeast Asia, East Asia, and Africa, Hoa Sen Group has established itself as a preferred supplier of steel coils products in these regions, earning a stellar reputation for its commitment to excellence and customer satisfaction.

Furthermore, Hoa Sen Group’s export-oriented approach has enabled it to actively participate in global value chains, forging strategic partnerships and collaborations with leading players in the steel industry worldwide. Through continuous investment in research and development, as well as a relentless pursuit of operational excellence, the company remains poised to capitalize on emerging opportunities and navigate challenges in the dynamic global marketplace.

Main products:

+ Galvanized steel coils

+ Galvalume steel coils

+ Prepainted steel coils

+ Steel pipes

4. TON DONG A CORPORATION – Reliable Coated Steel Coils Supplier In Vietnam

Ton Dong A Corporation, a leading steel manufacturer based in Vietnam, specializes in the production and distribution of a diverse range of steel products crucial for construction, infrastructure, and home appliances.

Established on May 11, 1998, initially as Dong A Co., Ltd., the company transitioned to Ton Dong A Co., Ltd. in 2004. Recognizing the need to keep pace with its rapid growth, Ton Dong A officially transformed from a limited liability company to a joint-stock company in 2009.

At the core of its operations, Ton Dong A adheres to the motto of “Quality – Prestige – Sustainable,” underscoring its unwavering commitment to enhancing product quality and services. From its inception, the company has dedicated significant resources to research new products and upgrade production lines, thereby solidifying its brand both domestically and internationally.

Ton Dong A prioritizes continuous improvement in product quality and service delivery to cater to the needs of its partners, customers, and consumers, all while maintaining competitive pricing strategies to optimize market supply and bolster its prestigious branding.

Over the course of its 23-year journey, Ton Dong A has also demonstrated a strong commitment to community development through various philanthropic endeavors, including programs supporting children’s education, environmental conservation, and infrastructure enhancement.

The company’s dedication to excellence has been recognized with numerous accolades and honors from the Government and industry peers. These include accolades such as Two Third – Grade Labor Medals, the National Quality Award, the Vietnamese Gold Star Award – Top 100, recognition for High-Quality Vietnamese Products by Vietnamese consumers, inclusion in the VNR-500 list of largest enterprises in Vietnam, acknowledgment as a Prestigious Export Enterprise, and prestigious awards like the Gold Cup at Vietbuild Fairs, among others. Through its tireless pursuit of quality, innovation, and social responsibility, Ton Dong A Corporation continues to leave a lasting impact on the steel industry in Vietnam and beyond.

Main steel products:

Cold rolled coil, galvanized (GI), pre-painted galvanized (PPGI), steel pipe, galvalume (GL), pre-painted galvalume (PPGL)

5. Nam Kim Steel – One of leading Galvanized steel coils manufacturer in Vietnam: