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2 clusters · 7 sources · 21 days · First seen · Last updated

Hoa Phat Group steel production and infrastructure expansion

Overview

Hoa Phat Group has demonstrated significant industrial expansion and production growth throughout 2026.

In September, the company reported that its specialty steel and rail manufacturing plant in the Dung Quat Economic Zone had reached nearly 70% completion. This project, involving a 10,000 billion VND investment and German technology from SMS Group, is scheduled to begin a peak phase of equipment installation in October 2026. The facility aims to produce high-speed and urban railway rails by the first quarter of 2027.

By October, the group reported a 35% increase in crude steel production for the first nine months of 2026 compared to the previous year, totaling 10.7 million tons. Total sales volumes for various steel products rose by 39% year-on-year to 10.3 million tons, with exports representing 24.6% of total volume. The group maintains a crude steel production capacity of 16 million tons per year, with high-quality steel accounting for over 60% of its output.

Entities

Hoa Phat Group · Tran Dinh Long · Nguyen Minh Duc · SMS Group · Dung Quat Economic Zone

Timeline

  1. [BUSINESS] 2 sources
    Hoa Phat Group reports 35% increase in steel production for first nine months of 2026

    Hoa Phat Group reported a 35% increase in crude steel production to 10.7 million tons in the first nine months of 2026, driven by strong sales in hot rolled coil and construction steel.

  2. [BUSINESS] 5 sources
    Hoa Phat Group advances Dung Quat specialty steel and rail plant

    Hoa Phat Group has reached nearly 70% completion on its 10,000 billion VND specialty steel and rail plant in Dung Quat, which is expected to produce high-speed railway rails by early 2027.

Sources

nhandan.vn · soha.vn · thanhnien.vn · thoibaonganhang.vn · thoibaotaichinhvietnam.vn · tienphong.vn · vietnamplus.vn