Vietnam imported iron and steel to the tune of US$1,212 million in December, up from US$1,019 million in November, a change of 19.01 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$11,213 million worth of iron and steel by the end of December.
China accounted for US$554 million worth of Vietnam’s iron and steel imports in December. This was up from US$545 million in iron and steel imports in November, a change of 1.62 percent. Year to date, China has shipped US$5,807 million worth of iron and steel to Vietnam.
After China was Indonesia making up US$245 million worth of Vietnam’s iron and steel imports in December. This was up from US$140 million in iron and steel imports in November, a change of 75.04 percent. Year to date, Indonesia has shipped US$1,604 million worth of iron and steel to Vietnam.
Next was South Korea contributing US$137 million worth of Vietnam’s iron and steel imports in December. This was up from US$133 million in iron and steel imports in November, a change of 2.50 percent. Year to date, South Korea has shipped US$1,313 million worth of iron and steel to Vietnam.
Following South Korea was Japan representing US$124 million worth of Vietnam’s iron and steel imports in December. This was up from US$109 million in iron and steel imports in November, a change of 14.21 percent. Year to date, Japan has shipped US$1,430 million worth of iron and steel to Vietnam.
Rounding out the top five was Taiwan constituting US$63 million worth of Vietnam’s iron and steel imports in December. This was up from US$39 million in iron and steel imports in November, a change of 60.17 percent. Year to date, Taiwan has shipped US$610 million worth of iron and steel to Vietnam.
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Vietnam imports of iron and steel in December, US$m
| December | November | MoM | YTD | |
| Total | 1,212.16 | 1,018.57 | 19.01% | 11,212.59 |
| Other | 11.82 | 12.22 | -3.32% | 131.55 |
| China | 554.15 | 545.30 | 1.62% | 5,807.09 |
| Indonesia | 244.68 | 139.79 | 75.04% | 1,603.54 |
| South Korea | 136.52 | 133.20 | 2.50% | 1,312.95 |
| Japan | 124.37 | 108.90 | 14.21% | 1,430.02 |
| Taiwan | 62.53 | 39.04 | 60.17% | 609.66 |
| India | 36.25 | 28.83 | 25.75% | 106.03 |
| Malaysia | 24.04 | 2.07 | 1059.80% | 110.91 |
| Thailand | 12.61 | 5.34 | 136.07% | 56.52 |
| Germany | 3.18 | 2.72 | 16.86% | 26.02 |
| France | 2.00 | 1.16 | 72.26% | 18.30 |
| USA | 1.86 | 0.57 | 225.87% | 14.85 |
| Australia | 1.81 | 5.93 | -69.44% | 25.29 |
| Belgium | 1.07 | 1.08 | -1.06% | 4.42 |
| Sweden | 0.99 | 1.49 | -33.54% | 19.45 |
| Netherlands | 0.97 | 0.09 | 988.94% | 2.50 |
| Philippines | 0.85 | 1.01 | -16.07% | 14.07 |
| Austria | 0.38 | 0.20 | 92.99% | 1.63 |
| Turkey | 0.32 | 0.00 | 0.00% | 1.69 |
| Spain | 0.26 | 0.36 | -27.26% | 3.91 |
| UK | 0.25 | 0.00 | 0.00% | 2.08 |
| Brazil | 0.11 | 0.00 | 0.00% | 0.48 |
| Finland | 0.08 | 0.09 | -6.18% | 3.59 |
| South Africa | 0.08 | 0.04 | 91.78% | 12.76 |
| Italy | 0.06 | 0.43 | -86.57% | 2.91 |
| Poland | 0.04 | 0.00 | 0.00% | 0.64 |
| Canada | 0.00 | 0.00 | 0.00% | 0.72 |
| Denmark | 0.00 | 0.02 | -100.00% | 0.11 |
| Hong Kong | 0.00 | 0.00 | 0.00% | 0.04 |
| Mexico | 0.00 | 0.00 | 0.00% | 0.42 |
| New Zealand | 0.00 | 0.00 | 0.00% | 0.61 |
| Russia | 0.00 | 0.00 | 0.00% | 0.69 |
| Saudi Arabia | 0.00 | 0.00 | 0.00% | 0.12 |
| Singapore | 0.00 | 0.00 | 0.00% | 0.09 |
Listed iron and steel companies
Key iron and steel firms listed on the Vietnam stock exchange 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 13,200 on Friday down 0 percent with 46,000 shares traded, worth VND 61 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 11,750 on Friday up 0.1 percent with 137,000 shares traded, worth VND 161 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 27,600 on Friday down 0 percent with 655,770,000 shares traded, worth VND 1,829,619 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 16,700 on Friday down 0.3 percent with 71,767,000 shares traded, worth VND 121,064 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 16,150 on Friday down 0 percent with 72,656,000 shares traded, worth VND 117,096 million.
Foreign ownership in NKG is currently capped at 50.0 percent, with current foreign ownership sitting at 5.4 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 4,020 on Friday down 0 percent with 2,000 shares traded, worth VND 1 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 14,400 on Friday up 0.4 percent with 2,147,000 shares traded, worth VND 3,020 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.