Vietnam exported iron and steel to the tune of US$548 million in December, up from US$440 million in November, a change of 24.54 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$6,627 million worth of iron and steel by the end of December.
Italy accounted for US$76 million worth of Vietnam’s iron and steel exports in December. This was up from US$27 million in iron and steel exports in November, a change of 179.07 percent. Year to date, Vietnam has shipped US$680 million worth of iron and steel to Italy.
After Italy was Cambodia making up US$65 million worth of Vietnam’s iron and steel exports in December. This was up from US$61 million in iron and steel exports in November, a change of 5.11 percent. Year to date, Vietnam has shipped US$832 million worth of iron and steel to Cambodia.
Next was India taking US$63 million worth of Vietnam’s iron and steel exports in December. This was down from US$90 million in iron and steel exports in November, a change of -29.72 percent. Year to date, Vietnam has shipped US$716 million worth of iron and steel to India.
Following India was Malaysia representing US$42 million worth of Vietnam’s iron and steel exports in December. This was up from US$32 million in iron and steel exports in November, a change of 29.26 percent. Year to date, Vietnam has shipped US$417 million worth of iron and steel to Malaysia.
Rounding out the top five was Indonesia constituting US$35 million worth of Vietnam’s iron and steel exports in December. This was up from US$19 million in iron and steel exports in November, a change of 87.52 percent. Year to date, Vietnam has shipped US$341 million worth of iron and steel to Indonesia.
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Vietnam exports of iron and steel in December, US$m
| December | November | MoM | YTD | |
| Total | 547.82 | 439.88 | 24.54% | 6,626.85 |
| Other | 146.84 | 127.58 | 15.10% | 2,131.41 |
| Italy | 76.42 | 27.38 | 179.07% | 680.11 |
| Cambodia | 64.55 | 61.42 | 5.11% | 832.42 |
| India | 63.43 | 90.25 | -29.72% | 716.08 |
| Malaysia | 41.93 | 32.44 | 29.26% | 417.49 |
| Indonesia | 35.32 | 18.83 | 87.52% | 341.47 |
| Singapore | 33.60 | 0.88 | 3708.54% | 65.10 |
| Taiwan | 23.09 | 20.71 | 11.49% | 340.00 |
| Australia | 22.47 | 1.63 | 1278.94% | 242.63 |
| USA | 22.29 | 38.77 | -42.50% | 531.09 |
| Belgium | 17.87 | 19.99 | -10.61% | 329.04 |
| Spain | 15.58 | 14.68 | 6.12% | 259.82 |
| Thailand | 13.14 | 10.46 | 25.71% | 220.49 |
| Philippines | 13.10 | 20.20 | -35.15% | 117.89 |
| Turkey | 10.38 | 0.32 | 3171.05% | 71.72 |
| Poland | 10.08 | 5.15 | 95.55% | 96.12 |
| South Korea | 6.67 | 16.59 | -59.76% | 234.68 |
| Brazil | 5.84 | 14.55 | -59.89% | 98.01 |
| Japan | 5.42 | 6.71 | -19.19% | 67.13 |
| UK | 4.22 | 0.85 | 395.24% | 101.26 |
| China | 2.99 | 2.71 | 10.50% | 29.07 |
| Laos | 2.13 | 2.66 | -19.79% | 47.72 |
| Russia | 1.54 | 0.79 | 95.43% | 8.17 |
| UAE | 1.33 | 0.59 | 126.77% | 11.24 |
| Germany | 0.43 | 0.43 | 1.43% | 32.69 |
| Saudi Arabia | 0.18 | 0.66 | -73.21% | 7.71 |
| Hong Kong | 0.15 | 0.13 | 13.98% | 5.30 |
| Kuwait | 0.05 | 0.59 | -92.15% | 2.24 |
| Egypt | 0.04 | 0.04 | 0.00% | 0.21 |
| Myanmar | 0.03 | 0.36 | -92.09% | 4.30 |
| Argentina | 0.00 | 0.20 | -100.00% | 3.07 |
| Bangladesh | 0.00 | 0.11 | -100.00% | 1.08 |
| Pakistan | 0.00 | 0.06 | -100.00% | 0.21 |
Listed iron and steel companies
Listed iron and steel firms include:
Dai Thien Loc Corporation
Dai Thien Loc Corporation (DTL) produces and trades steel sheets, pipes, and construction materials for domestic and export markets.
DTL closed at VND 13,050 on Friday down 0.25 percent with 27,000 shares traded, worth VND 36 million.
Foreign ownership in DTL is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
VNSTEEL – Ho Chi Minh City Metal Corporation
VNSTEEL – Ho Chi Minh City Metal CorporationC (HMC) trades and distributes steel and non-ferrous metals for industrial and construction use.
HMC closed at VND 11,600 on Friday down 0.3 percent with 244,000 shares traded, worth VND 287 million.
Foreign ownership in HMC is currently capped at 49.0 percent, with current foreign ownership sitting at 0.4 percent.
Hoa Phat Group
Hoa Phat Group 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 26,200 on Friday down 0.2 percent with 350,893,000 shares traded, worth VND 926,648 million.
Foreign ownership in HPG is currently capped at 49.0 percent, with current foreign ownership sitting at 20.1 percent.
Hoa Sen Group
Hoa Sen Group (HSG) manufactures and exports steel sheets, roofing materials, and plastic pipes throughout Southeast Asia.
HSG closed at VND 15,600 on Friday down 0.15 percent with 23,361,000 shares traded, worth VND 36,823 million.
Foreign ownership in HSG is currently capped at 49.0 percent, with current foreign ownership sitting at 4.6 percent.
Nam Kim Steel JSC
Nam Kim Steel JSC (NKG) manufactures and exports galvanised and coated steel products for construction and industrial use.
NKG closed at VND 14,800 on Friday down 0.15 percent with 44,976,000 shares traded, worth VND 66,698 million.
Foreign ownership in NKG is currently capped at 50.0 percent, with current foreign ownership sitting at 5.1 percent.
Son Ha Group JSC
Son Ha Group JSC (SHA) manufactures stainless steel water tanks, pipes, and household appliances.
SHA closed at VND 4,030 on Friday down 0.02 percent with 59,000 shares traded, worth VND 23 million.
Foreign ownership in SHA is currently capped at 51.4 percent, with current foreign ownership sitting at 0.9 percent.
Son Ha International Corporation
Son Ha International Corporation (SHI) produces stainless steel products, solar water heaters, and construction materials.
SHI closed at VND 14,000 on Friday up 0.1 percent with 4,948,000 shares traded, worth VND 6,797 million.
Foreign ownership in SHI is currently capped at 49.0 percent, with current foreign ownership sitting at 0.4 percent.
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Vietnam iron and steel news
Recent developments in iron and steel in Vietnam include:
Chinese HRC ADDs extended
Vietnam has extended anti dumping duties on certain cold rolled steel products imported from China for another five years until December 27, 2030, the Ministry of Industry and Trade said.
The decision took effect on December 28, 2025, following a final sunset review launched in December 2024 under Vietnam trade remedy regulations and World Trade Organization rules.
Anti dumping duty rates on the affected cold rolled steel range from 4.43 per cent to 25.22 per cent, according to the ministry.
HPG steel maker exports plummet
Hoa Phat Group reported a sharp fall in steel exports in the first 11 months of 2025, while domestic sales continued to drive overall growth.
Construction steel exports fell 53 per cent to 533,000 tonnes and hot rolled coil exports dropped 35 per cent to 580,000 tonnes, despite strong domestic consumption growth.
Hoa Phat said exports were hit by United States tariff measures, including anti dumping and countervailing duty investigations, as well as protectionist actions in Canada and other markets.
Steel price hike
Vietnamese steelmakers including Hoa Phat, VAS Nghi Son and Viet Y Italy Steel announced sharp price increases effective December 26, citing higher input costs.
The article notes that the price rises come as Vietnam launched 234 infrastructure projects with total investment of about VND3.4 million billion (US$129.1 billion), expected to boost demand for construction steel.
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Vietnam’s iron and steel industry
Vietnam’s iron and steel industry is a core pillar of the country’s industrial base, supplying inputs for construction, infrastructure, manufacturing, and energy projects.
The sector has expanded rapidly over the past decade, driven by urbanisation, public investment, and export demand across Asia and other markets.
Domestic producers range from large integrated steelmakers to smaller re-rollers and processors, with production spanning long steel, flat steel, and downstream fabricated products.
While the industry has improved scale and competitiveness, it continues to face challenges from volatile raw material prices, energy costs, environmental requirements, and global trade remedies.