Hoa Phat to start work on new steel production project next year

Must read

Bac A Bank boosts digital banking to support sustainable growth

Bac A Bank boosts digital banking to support sustainable growth

Corporate June 27, 2026

Each annual general meeting season is not only an occasion to review the operations of banks, but also a clear reflection of the broader industry picture, one of the stock groups with a major influence on the stock market and a “barometer” of the economy. Business results, development strategies, and the way banks respond to market fluctuations all partly indicate macroeconomic health and policy direction in each period.

From Restaurant Management to the Theater Stage: The Bold Pivot of VAS Alumna Phạm Ngọc Khanh

From Restaurant Management to the Theater Stage: The Bold Pivot of VAS Alumna Phạm Ngọc Khanh

Corporate June 27, 2026

Choosing between a stable career path and a creative passion is a crossroads many young people face, but few navigate it as boldly as Phạm Ngọc Khanh. After graduating with a degree in Restaurant Management in Canada, the former Vietnam Australia International School (VAS) student made a definitive decision to return to Vietnam and pursue her lifelong dream of becoming a performing artist and musical theater composer.

HCMC – Local steelmaker Hoa Phat Group has announced that it will begin the construction of the Hoa Phat Dung Quat 2 project in early 2022, focusing on the production of hot-rolled coil (HRC) steel, with an annual output of five million tons.
HRC steel is used for manufacturing steel tubes, galvanized steel sheets, cars and household appliances. The local market needs some 12 million tons of HRC steel per year and Vietnam has to import some 60% of this amount. Recently, the steelmaker’s HRC steel production at its Hoa Phat Dung Quat Iron and Steel Production Complex reached one million ton, marking a milestone in the development of Hoa Phat Dung Quat Steel JSC. Last year, Hoa Phat manufactured nearly 700,000 tons of HRC steel. In 2021, the steelmaker is set to produce 2.7 million tons of HRC steel, over five million tons of construction steel and steel billets. The Hoa Phat Dung Quat Iron and Steel Production Complex will be in charge of producing the entire amount of HRC steel and half of the volume of construction steel and steel billets.

Latest articles

Bac A Bank boosts digital banking to support sustainable growth

Bac A Bank boosts digital banking to support sustainable growth

Corporate June 27, 2026

Each annual general meeting season is not only an occasion to review the operations of banks, but also a clear reflection of the broader industry picture, one of the stock groups with a major influence on the stock market and a “barometer” of the economy. Business results, development strategies, and the way banks respond to market fluctuations all partly indicate macroeconomic health and policy direction in each period.

From Restaurant Management to the Theater Stage: The Bold Pivot of VAS Alumna Phạm Ngọc Khanh

From Restaurant Management to the Theater Stage: The Bold Pivot of VAS Alumna Phạm Ngọc Khanh

Corporate June 27, 2026

Choosing between a stable career path and a creative passion is a crossroads many young people face, but few navigate it as boldly as Phạm Ngọc Khanh. After graduating with a degree in Restaurant Management in Canada, the former Vietnam Australia International School (VAS) student made a definitive decision to return to Vietnam and pursue her lifelong dream of becoming a performing artist and musical theater composer.