Although the investment amount of the facility inaugurated by the company on Saturday varies across different sources, according to the most recent data, it stands at approximately VND 2.6 trillion ($98–100 million).
While some reports mention an investment of around VND 2 trillion ($75–76 million), more recent and comprehensive data based on the inauguration indicate that the total investment size is higher.
The new facility has an annual production capacity of 400,000 tons and covers the production of black steel pipes, galvanized products, and large-diameter pipes for industrial use. With this investment, Hoa Phat Group’s total steel pipe capacity has increased to 1.2 million tons per year, further strengthening its leading position with an approximate 35% share in the domestic market.
Built on a 15-hectare area in Thuan Dao Industrial Park, the facility offers logistical advantages due to its proximity to Ho Chi Minh City and its location approximately 30 kilometers from Long An International Port. This location strengthens the company’s operations in Southern Vietnam while also facilitating access to export markets.
According to the company’s statement, the facility has already started supplying steel pipes to major infrastructure projects such as Long Thanh International Airport and Phu Quoc Airport.
As part of energy efficiency efforts, a rooftop solar energy system with a capacity of 10 MW has also been commissioned at the facility. Through this system, it is aimed to meet more than half of the factory’s electricity needs and reduce operating costs.
Hoa Phat Group increased its steel pipe sales by approximately 30% year-on-year in the first quarter of 2026, exceeding 241,000 tons. Around 90,000 tons of these sales came from Southern Vietnam.
The group targets revenue of VND 210 trillion ($7.97 billion) and a net profit of VND 22 trillion ($835 million) for 2026. These targets indicate increases of 33% and 42%, respectively, compared to the previous year, and if achieved, they will mark the highest financial performance in the company’s history. The share of steel activities in total revenue is expected to remain at around 95%.
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