Vietnam imported iron and steel products to the tune of US$752 million in November, up from US$731 million in October, a change of 2.79 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$7,423 million worth of iron and steel products by the end of November.
China accounted for US$569 million worth of Vietnam’s iron and steel products imports in November. This was up from US$534 million in iron and steel products imports in October, a change of 6.64 percent. Year to date, China has shipped US$5,401 million worth of iron and steel products to Vietnam.
After China was South Korea making up US$64 million worth of Vietnam’s iron and steel products imports in November. This was up from US$58 million in iron and steel products imports in October, a change of 11.27 percent. Year to date, South Korea has shipped US$669 million worth of iron and steel products to Vietnam.
Next was Japan contributing US$33 million worth of Vietnam’s iron and steel products imports in November. This was down from US$45 million in iron and steel products imports in October, a change of 27.26 percent. Year to date, Japan has shipped US$410 million worth of iron and steel products to Vietnam.
Following Japan was Taiwan representing US$16 million worth of Vietnam’s iron and steel products imports in November. This was down from US$17 million in iron and steel products imports in October, a change of 6.67 percent. Year to date, Taiwan has shipped US$176 million worth of iron and steel products to Vietnam.
Rounding out the top five was Thailand constituting US$12 million worth of Vietnam’s iron and steel products imports in November. This was down from US$13 million in iron and steel products imports in October, a change of 4.43 percent. Year to date, Thailand has shipped US$141 million worth of iron and steel products to Vietnam.
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Vietnam imports of iron and steel products in November, US$m
| November | October | MoM | YTD | |
| Total | 751.56 | 731.14 | 2.79% | 7,422.69 |
| Other | 32.41 | 36.28 | -10.67% | 350.31 |
| China | 569.36 | 533.91 | 6.64% | 5,401.47 |
| South Korea | 64.00 | 57.52 | 11.27% | 669.19 |
| Japan | 32.80 | 45.10 | -27.26% | 410.09 |
| Taiwan | 15.69 | 16.81 | -6.67% | 175.72 |
| Thailand | 12.50 | 13.07 | -4.43% | 140.73 |
| USA | 8.21 | 9.28 | -11.46% | 92.03 |
| Germany | 6.58 | 7.79 | -15.52% | 72.23 |
| India | 3.55 | 5.92 | -40.08% | 45.94 |
| Netherlands | 3.34 | 2.07 | 61.08% | 22.79 |
| Malaysia | 3.11 | 3.37 | -7.96% | 42.19 |
| Philippines | 2.34 | 1.26 | 85.98% | 26.66 |
| Sweden | 2.31 | 1.30 | 77.12% | 14.38 |
| Indonesia | 2.31 | 2.40 | -3.91% | 18.72 |
| Italy | 2.09 | 5.88 | -64.40% | 37.79 |
| France | 1.59 | 2.13 | -25.28% | 16.71 |
| UK | 1.32 | 1.04 | 27.04% | 16.05 |
| Austria | 1.18 | 1.06 | 11.13% | 10.59 |
| Singapore | 1.13 | 1.27 | -10.82% | 17.61 |
| Switzerland | 0.87 | 0.94 | -7.72% | 9.46 |
| Spain | 0.86 | 0.96 | -10.58% | 12.98 |
| Poland | 0.79 | 1.34 | -41.21% | 10.64 |
| Norway | 0.78 | 0.80 | -3.38% | 9.41 |
| Australia | 0.55 | 0.41 | 31.72% | 3.51 |
| Canada | 0.40 | 0.67 | -40.56% | 3.45 |
| Denmark | 0.36 | 0.34 | 4.63% | 9.54 |
| Czech Republic | 0.18 | 0.37 | -51.93% | 3.59 |
| Belgium | 0.17 | 0.09 | 90.42% | 2.86 |
| Russia | 0.15 | 4.19 | -96.53% | 37.91 |
| Hong Kong | 0.06 | 0.02 | 154.78% | 1.22 |
| Ukraine | 0.03 | 0.00 | 0.00% | 0.15 |
Listed iron and steel products companies
These companies are listed on the Ho Chi Minh City Stock Exchange.
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 Tuesday down 0 percent with 180,000 shares traded, worth VND 209 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 26,700 on Tuesday up 0.45 percent with 293,299,000 shares traded, worth VND 778,438 million.
Foreign ownership in HPG is currently capped at 49.0 percent, with current foreign ownership sitting at 19.9 percent.
SMC Trading Investment JSC
SMC Trading Investment JSC (SMC) trades and processes steel products for industrial and construction use.
SMC closed at VND 13,300 on Tuesday up 0.4 percent with 1,814,000 shares traded, worth VND 2,380 million.
Foreign ownership in SMC is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
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Vietnam iron and steel news
Recent developments in iron and steel in Vietnam include:
Circumvention investigation steel wheels
The US Department of Commerce has opened an anti-circumvention investigation into 22.5–24.5 inch steel wheels completed in Vietnam using Chinese hot-rolled steel.
Petitioners claim imports of Chinese hot-rolled steel into Vietnam surged 291 percent between 2017 and 2023, with Vietnamese steel wheel shipments to the US increasing from US$7 million in 2018 to US$76 million in 2024.
New steel plant no orders
Hoa Phat Group is planning to start construction of a rail and special steel plant on 19 December 2025, investing VND 10,000 billion (US$379.4 million) on an 18-hectare site with a designed capacity of 700,000 tonnes per year.
Of note, it has been researching rail steel for about four years but has not received any orders.
VinSteel/Pomina partnership
Under a plan announced by Vingroup, a 0 percent working-capital loan for up to two years will be provided to steel maker Pomina through Vingroup subsidiary VinMetal.
Vingroup will also give the firm procurement priority for VinFast, Vinhomes and VinSpeed steel needs.
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Vietnam’s iron and steel industry
Vietnam’s iron and steel industry has expanded rapidly alongside industrialisation, supported by domestic investment and rising demand from construction and manufacturing.
Production capacity has grown through new integrated mills, while firms continue to upgrade technology to improve efficiency and product quality.
The sector remains exposed to global price volatility and competition from imports, prompting ongoing efforts to strengthen supply chains and develop higher-value products.