Vietnam’s exports of iron and steel fell 15.30 percent month-on-month to US$804.13 million in September 2025, according to data from Vietnam’s General Department of Customs.
Shipments to China, the largest market, declined 16.82 percent to US$380.80 million.
Exports to Indonesia rose 11.89 percent to US$130.48 million, while Japan saw a 17.58 percent drop to US$99.85 million.
Sales to South Korea fell sharply by 37.56 percent to US$99.76 million, and Taiwan declined 14.05 percent to US$49.55 million.
Exports to Malaysia increased 28.56 percent to US$20.96 million, and Thailand grew 36.47 percent to US$5.18 million.
Shipments to India rose 47.28 percent to US$4.84 million, while Germany recorded a 128.92 percent surge to US$2.79 million.
The United States saw exports climb 81.46 percent to US$1.47 million.
Year-to-date, Vietnam’s total iron and steel exports reached US$7.98 billion.
Learn more about Vietnam’s construction industry →
Vietnam exports of iron and steel in September 2025, US$millions.
| September | August | MoM | YTD | |
| Total | 804.13 | 949.36 | -15.30% | 7,979.42 |
| Other | 8.40 | 10.63 | -21.00% | 93.44 |
| China | 380.80 | 457.80 | -16.82% | 4,097.30 |
| Indonesia | 130.48 | 116.61 | 11.89% | 1,138.55 |
| Japan | 99.85 | 121.15 | -17.58% | 1,101.76 |
| South Korea | 99.76 | 159.78 | -37.56% | 942.75 |
| Taiwan | 49.55 | 57.64 | -14.05% | 434.76 |
| Malaysia | 20.96 | 16.31 | 28.56% | 68.21 |
| Thailand | 5.18 | 3.80 | 36.47% | 35.24 |
| India | 4.84 | 3.28 | 47.28% | 36.90 |
| Germany | 2.79 | 1.22 | 128.92% | 17.45 |
| France | 1.52 | 1.14 | 33.42% | 13.06 |
| USA | 1.47 | 0.81 | 81.46% | 11.11 |
| Sweden | 1.40 | 2.18 | -35.61% | 15.05 |
| Australia | 1.30 | 1.52 | -14.34% | 16.67 |
| Philippines | 1.27 | 1.32 | -3.44% | 11.00 |
| Italy | 0.51 | 0.35 | 45.18% | 2.22 |
| South Africa | 0.34 | 1.78 | -81.19% | 8.57 |
| Belgium | 0.29 | 0.14 | 104.16% | 1.35 |
| Spain | 0.25 | 0.19 | 33.42% | 3.22 |
| Brazil | 0.19 | 0.03 | 497.37% | 0.36 |
| Russia | 0.18 | 0.00 | 0.00% | 0.69 |
| Turkey | 0.17 | 0.09 | 95.17% | 0.95 |
| Austria | 0.06 | 0.15 | -57.28% | 0.96 |
| Canada | 0.04 | 0.10 | -61.88% | 0.71 |
| Finland | 0.02 | 0.46 | -95.00% | 3.10 |
| Netherlands | 0.02 | 0.09 | -76.20% | 0.99 |
| Denmark | 0.00 | 0.00 | 0.00% | 0.09 |
| Hong Kong | 0.00 | 0.00 | 0.00% | 0.04 |
| Mexico | 0.00 | 0.00 | 0.00% | 0.38 |
| New Zealand | 0.00 | 0.00 | 0.00% | 0.61 |
| Poland | 0.00 | 0.00 | 0.00% | 0.58 |
| Saudi Arabia | 0.00 | 0.00 | 0.00% | 0.12 |
| Singapore | 0.00 | 0.00 | 0.00% | 0.07 |
| UK | 0.00 | 0.00 | 0.00% | 0.93 |
Iron and steel in Vietnam
Vietnam’s iron and steel industry is one of the country’s most established heavy manufacturing sectors, supplying materials for construction, infrastructure, and machinery.
Domestic production has expanded steadily in recent years, supported by investments in modern blast furnaces and rolling mills, particularly from large players such as Hoa Phat Group and Formosa Ha Tinh Steel.
Despite this growth, the industry remains sensitive to global steel price fluctuations, energy costs, and import competition from China.
Vietnam continues to rely on imported raw materials such as iron ore and coking coal, while exports mainly consist of finished steel products bound for ASEAN and major Asian markets.
Learn more about the challenges facing Vietnam’s steel industry →
Hoa Phat Group
Hoa Phat Group is one of Vietnam’s largest industrial conglomerates focused on iron and steel production, including construction steel, hot-rolled coil, pipes, and galvanised sheets.
Steel dominates its revenue and profit base, with an annual production capacity of about 15 million tonnes.
Founded in 1992 and listed on the Ho Chi Minh Stock Exchange as HPG since 2007.
On Friday, HPG shares closed at VND 28,000 (US$1.08), down 0.88 percent for the day, with 465,082 shares traded worth VND 1.32 trillion (US$50.6 million).