Pomina Steel receives 1,115 billion VND in interest-free support from Vinhomes

Pomina Steel (POM) has reported its 2026 semi-annual reviewed financial statements, highlighting a significant capital support agreement with Vinhomes. As of June 30, 2026, Pomina recorded long-term payables to Vinhomes exceeding 1,115 billion VND, a debt that did not exist at the end of the first quarter.

This funding is part of a framework cooperation agreement signed on January 31, 2026, between Vinhomes and various units within the Pomina Group. The agreement provides a maximum credit limit of 1,352 billion VND to supplement working capital and facilitate payments to suppliers. Notably, this support carries a 0% interest rate for a period of two years, with the contract remaining effective until December 31, 2027. The capital is intended to be recovered through goods trading or other agreed-upon revenue streams.

Despite the capital injection and the restart of production lines at Pomina Steel Plants 1 and 2 in March 2026, the company continues to face financial challenges. While net revenue increased by approximately 30.5% year-on-year to 1,945.8 billion VND, Pomina recorded a post-tax loss of 329.1 billion VND for the first half of the year. This brings the company's accumulated losses to approximately 3,821.5 billion VND as of late June 2026.