Vietnam’s iron and steel exports reached US$496.95 million in September 2025, up 14.94 percent from August, according to preliminary data from Vietnam’s General Department of Customs.
Year-to-date exports climbed to US$5.17 billion.
Southeast Asia remained a key market, with strong increases to Malaysia (up 27.29 percent), the Philippines (up nearly ninefold), and Thailand (up 53.83 percent).
However, shipments to Cambodia fell 24.57 percent.
Exports to Europe were mixed: Belgium more than doubled its imports, while Italy saw a mild decline.
Spain surged nearly fivefold to US$24.14 million.
Meanwhile, Taiwan and South Korea recorded large gains, up 86.21 percent and 57.57 percent respectively, helping offset declines to India, the United States, and Australia.
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Vietnam exports of iron and steel in September 2025, US$millions
| September | August | Change | Year to Date | |
| Total | 496.95 | 432.34 | 14.94% | 5,173.92 |
| Other | 150.51 | 132.81 | 13.33% | 1,757.01 |
| Cambodia | 58.86 | 78.03 | -24.57% | 644.07 |
| Italy | 53.94 | 54.99 | -1.90% | 519.68 |
| Malaysia | 39.24 | 30.82 | 27.29% | 307.16 |
| India | 35.01 | 55.52 | -36.95% | 510.87 |
| Taiwan | 34.06 | 18.29 | 86.21% | 268.71 |
| Belgium | 30.64 | 14.82 | 106.75% | 274.96 |
| Philippines | 25.26 | 2.54 | 893.65% | 52.68 |
| USA | 25.14 | 27.34 | -8.04% | 442.35 |
| Spain | 24.14 | 4.08 | 491.77% | 212.23 |
| Thailand | 20.16 | 13.10 | 53.83% | 184.19 |
| Indonesia | 17.17 | 18.88 | -9.07% | 258.61 |
| South Korea | 13.10 | 8.31 | 57.57% | 201.72 |
| Australia | 11.73 | 25.79 | -54.54% | 203.87 |
| Turkey | 10.48 | 6.90 | 51.83% | 60.87 |
| Japan | 6.43 | 5.16 | 24.65% | 47.19 |
| Poland | 6.12 | 4.18 | 46.54% | 57.65 |
| UK | 3.05 | 0.55 | 457.82% | 95.31 |
| Laos | 2.58 | 3.73 | -30.89% | 40.52 |
| China | 2.54 | 1.92 | 31.97% | 20.12 |
| Singapore | 1.29 | 1.61 | -19.98% | 29.39 |
| Saudi Arabia | 1.00 | 0.40 | 151.42% | 5.94 |
| Russia | 0.90 | 4.33 | -79.27% | 5.82 |
| Germany | 0.45 | 0.28 | 59.89% | 31.60 |
| Brazil | 0.38 | 9.70 | -96.08% | 77.44 |
| Myanmar | 0.35 | 0.04 | 799.80% | 3.01 |
| Argentina | 0.27 | 0.06 | 342.38% | 2.81 |
| UAE | 0.27 | 0.12 | 122.57% | 6.51 |
| Kuwait | 0.18 | 0.42 | -57.10% | 1.01 |
| Hong Kong | 0.10 | 0.00 | 0.00% | 4.97 |
| Pakistan | 0.08 | 0.00 | 0.00% | 0.11 |
| Bangladesh | 0.06 | 0.25 | -74.85% | 0.97 |
| Egypt | 0.00 | 0.06 | -100.00% | 0.06 |
Vietnam steel stocks
Hoa Phat Group
Hoa Phat Group (HPG) is one of Vietnam’s largest industrial conglomerates, primarily engaged in iron and steel production, including construction steel, hot-rolled coil, pipes, and galvanized sheets.
HPG closed at VND 26,400 on Friday down 0.1 percent with 305,877,000 shares traded, worth VND 807,666 million.
Foreign ownership in HPG is currently capped at 49 percent, with current foreign ownership sitting at 18.8 percent.
Hoa Sen Group
Hoa Sen Group (HSG) is one of the country’s leading producers of galvanised and colour-coated steel sheets, serving the construction and roofing industries across Vietnam and Southeast Asia.
HSG closed at VND 16,300 on Friday down 0.2 percent with 44,102,000 shares traded, worth VND 71,814 million.
Foreign ownership in HSG is currently capped at 49 percent, with current foreign ownership sitting at 6.4 percent.
Nam Kim Steel
Nam Kim Steel (NKG) specialises in producing steel sheets, pipes, and coated steel products, supplying both domestic infrastructure projects and international buyers.
NKG closed at VND 15,500 on Friday down 0.4 percent with 65,894,000 shares traded, worth VND 103,231 million.
Foreign ownership in NKG is currently capped at 50 percent, with current foreign ownership sitting at 5.1 percent.
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Vietnam’s iron and steel industry
Vietnam’s iron and steel industry plays a crucial role in supporting national infrastructure and manufacturing, supplying materials for construction, machinery, shipbuilding, and automobiles.
Driven by domestic demand and foreign investment, the industry has developed rapidly, with major producers such as Hoa Phat Group, Formosa Ha Tinh, and Pomina leading output.
However, rising energy costs, trade defence measures, and overcapacity in regional markets continue to pressure margins and competitiveness.
Read more about the challenges facing Vietnam’s steel industry →