Vietnam exported iron and steel products to the tune of US$464 million in December, up from US$409 million in November, a change of 13.48 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$5,474 million worth of iron and steel products by the end of December.
The USA accounted for US$154 million worth of Vietnam’s iron and steel products exports in December. This was up from US$125 million in iron and steel products exports in November, a change of 23.10 percent. Year to date, Vietnam has shipped US$1,582 million worth of iron and steel products to the USA.
After the USA was Japan making up US$52 million worth of Vietnam’s iron and steel products exports in December. This was up from US$51 million in iron and steel products exports in November, a change of 1.85 percent. Year to date, Vietnam has shipped US$612 million worth of iron and steel products to Japan.
Next was Australia taking US$24 million worth of Vietnam’s iron and steel products exports in December. This was up from US$18 million in iron and steel products exports in November, a change of 33.52 percent. Year to date, Vietnam has shipped US$249 million worth of iron and steel products to Australia.
Following Australia was Thailand representing US$22 million worth of Vietnam’s iron and steel products exports in December. This was up from US$18 million in iron and steel products exports in November, a change of 23.43 percent. Year to date, Vietnam has shipped US$156 million worth of iron and steel products to Thailand.
Rounding out the top five was Germany constituting US$20 million worth of Vietnam’s iron and steel products exports in December. This was up from US$15 million in iron and steel products exports in November, a change of 37.14 percent. Year to date, Vietnam has shipped US$207 million worth of iron and steel products to Germany.
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Vietnam exports of iron and steel products in December, US$m
| December | November | MoM | YTD | |
| Total | 464.28 | 409.12 | 13.48% | 5,473.51 |
| Other | 126.00 | 115.76 | 8.85% | 1,572.06 |
| USA | 153.50 | 124.70 | 23.10% | 1,582.26 |
| Japan | 51.51 | 50.57 | 1.85% | 612.45 |
| Australia | 24.38 | 18.26 | 33.52% | 248.91 |
| Thailand | 22.33 | 18.09 | 23.43% | 156.48 |
| Germany | 20.17 | 14.71 | 37.14% | 207.19 |
| South Korea | 17.05 | 18.50 | -7.82% | 199.07 |
| Cambodia | 14.18 | 10.83 | 31.01% | 159.75 |
| Taiwan | 14.09 | 16.82 | -16.22% | 481.29 |
| Philippines | 10.64 | 10.93 | -2.65% | 123.89 |
| India | 10.40 | 9.95 | 4.56% | 130.18 |
| Netherlands | 10.25 | 6.38 | 60.58% | 100.80 |
| Canada | 10.24 | 10.72 | -4.54% | 113.14 |
| China | 7.77 | 8.10 | -4.07% | 96.38 |
| Poland | 7.13 | 4.80 | 48.47% | 86.21 |
| Malaysia | 5.83 | 5.40 | 7.89% | 76.77 |
| Saudi Arabia | 4.97 | 1.66 | 199.27% | 66.62 |
| Singapore | 4.85 | 2.88 | 68.59% | 40.27 |
| Italy | 4.72 | 4.23 | 11.45% | 52.87 |
| Finland | 4.13 | 2.10 | 96.71% | 26.03 |
| Indonesia | 4.12 | 3.47 | 18.77% | 45.07 |
| Laos | 4.02 | 3.66 | 9.72% | 64.64 |
| Sweden | 3.24 | 3.95 | -18.08% | 60.87 |
| Spain | 3.11 | 3.45 | -9.79% | 41.38 |
| UK | 2.67 | 2.39 | 11.79% | 30.04 |
| Denmark | 2.45 | 5.93 | -58.62% | 33.77 |
| Belgium | 2.42 | 4.58 | -47.25% | 44.53 |
| France | 1.71 | 1.50 | 14.25% | 21.69 |
| Hong Kong | 1.59 | 0.93 | 70.18% | 15.66 |
| Myanmar | 1.44 | 0.07 | 1889.49% | 9.52 |
| Brazil | 0.92 | 1.08 | -14.43% | 20.28 |
| UAE | 0.69 | 0.48 | 41.49% | 33.24 |
| Greece | 0.51 | 0.45 | 13.73% | 5.69 |
| South Africa | 0.49 | 0.08 | 484.40% | 3.41 |
| Romania | 0.42 | 0.50 | -17.32% | 28.50 |
| Mozambique | 0.37 | 0.22 | 68.81% | 3.42 |
| Czech Republic | 0.27 | 0.54 | -50.09% | 3.79 |
| Switzerland | 0.24 | 1.09 | -78.24% | 10.03 |
| Norway | 0.23 | 0.07 | 248.45% | 1.37 |
| Argentina | 0.22 | 0.00 | 0.00% | 1.56 |
| Kuwait | 0.15 | 0.06 | 170.95% | 1.70 |
| Lithuania | 0.13 | 0.20 | -36.44% | 43.88 |
| Pakistan | 0.09 | 0.09 | -0.41% | 1.54 |
| Bangladesh | 0.00 | 0.00 | 0.00% | 1.21 |
| Brunei Darussalam | 0.00 | 0.05 | -100.00% | 0.34 |
| Iceland | 0.00 | 0.00 | 0.00% | 0.28 |
| Kazakhstan | 0.00 | 0.00 | 0.00% | 0.03 |
Listed iron and steel products companies
Listed iron and steel products 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 13,100 on Wednesday down 0.1 percent with 31,000 shares traded, worth VND 41 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 Corporation (HMC) trades and distributes steel and non-ferrous metals for industrial and construction use.
HMC closed at VND 11,500 on Wednesday down 0.15 percent with 100,000 shares traded, worth VND 116 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 27,250 on Wednesday down 0 percent with 539,083,000 shares traded, worth VND 1,469,866 million.
Foreign ownership in HPG is currently capped at 49.0 percent, with current foreign ownership sitting at 20.2 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 16,300 on Wednesday up 0.1 percent with 52,722,000 shares traded, worth VND 85,956 million.
Foreign ownership in HSG is currently capped at 49.0 percent, with current foreign ownership sitting at 4.9 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 15,600 on Wednesday up 0.1 percent with 74,433,000 shares traded, worth VND 116,226 million.
Foreign ownership in NKG is currently capped at 50.0 percent, with current foreign ownership sitting at 5.5 percent.
Son Ha Sai Gon Joint Stock Company
Son Ha Sai Gon Joint Stock Company (SHA) manufactures stainless steel water tanks, pipes, and household appliances.
SHA closed at VND 4,010 on Wednesday down 0.01 percent with 133,000 shares traded, worth VND 53 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 Wednesday up 0.15 percent with 7,372,000 shares traded, worth VND 10,085 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 products imports
Vietnam imported iron and steel products to the tune of US$871 million in December, up from US$752 million in November, a change of 15.87 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$8,307 million worth of iron and steel products by the end of December.
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.