Vietnam exported iron and steel to the tune of US$650 million in January, up from US$548 million in December, a change of 18.70 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$650 million worth of iron and steel by the end of January.
The USA accounted for US$104 million worth of Vietnam’s iron and steel exports in January. This was up from US$22 million in iron and steel exports in December, a change of 367.38 percent. Year to date, Vietnam has shipped US$104 million worth of iron and steel to the USA.
After the USA, India made up US$69 million worth of Vietnam’s iron and steel exports in January. This was up from US$63 million in iron and steel exports in December, a change of 9.31 percent. Year to date, Vietnam has shipped US$69 million worth of iron and steel to India.
Next was Cambodia, taking US$66 million worth of Vietnam’s iron and steel exports in January. This was up from US$65 million in iron and steel exports in December, a change of 1.62 percent. Year to date, Vietnam has shipped US$66 million worth of iron and steel to Cambodia.
Following Cambodia was Malaysia, representing US$64 million worth of Vietnam’s iron and steel exports in January. This was up from US$42 million in iron and steel exports in December, a change of 52.16 percent. Year to date, Vietnam has shipped US$64 million worth of iron and steel to Malaysia.
Rounding out the top five was Thailand, constituting US$39 million worth of Vietnam’s iron and steel exports in January. This was up from US$13 million in iron and steel exports in December, a change of 195.17 percent. Year to date, Vietnam has shipped US$39 million worth of iron and steel to Thailand.
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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 12,350 on Friday up 0.8 percent with 20,000 shares traded, worth VND 25 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 11,250 on Friday down 0 percent with 0 shares traded, worth VND 0 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 galvanised sheets.
HPG closed at VND 26,850 on Friday, down 0.05 percent with 240,698,000 shares traded, worth VND 648,095 million.
Foreign ownership in HPG is currently capped at 49.0 percent, with current foreign ownership sitting at 20.8 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 15,500 on Friday, down 0.1 percent with 28,754,000 shares traded, worth VND 44,729 million.
Foreign ownership in HSG is currently capped at 49.0 percent, with current foreign ownership sitting at 4.2 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 14,950 on Friday, down 0 percent with 18,347,000 shares traded, worth VND 27,464 million.
Foreign ownership in NKG is currently capped at 50.0 percent, with current foreign ownership sitting at 5.1 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 4,040 on Friday, down 0 percent with 17,000 shares traded, worth VND 7 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 14,050 on Friday, down 0.05 percent with 2,632,000 shares traded, worth VND 3,698 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:
Gov’t steel industry development policy
The government of Vietnam has approved a steel industry strategy to 2030 with a vision to 2050, aiming to expand capacity, improve quality, increase domestic self-supply, and deepen participation in global value chains.
The plan targets steady growth in crude and finished steel output through 2035 and toward mid-century, prioritising higher value products such as alloy, stainless, and specialised steels.
Vingroup-linked steel firm losses
Vietnam steel maker Pomina continued to record heavy losses in 2025 despite market attention around potential support from Vingroup.
It describes declining revenue, reduced output, and continued losses linked to factory shutdowns and high fixed and financial costs.
The report explains accounting adjustments that resulted in negative administrative expenses due to reclassification during production suspension periods.
It notes Pomina is seeking strategic investors and suppliers, while its share price rose following disclosure of cooperation and financing support from Vingroup.
Hoa Phat warns of steel power shortages
Hoa Phat Group has proposed four large solar power projects in Quang Ngai to secure electricity supply for its steel operations at the Dung Quat Economic Zone.
Hoa Phat said electricity demand at Dung Quat is rising sharply as new steel capacity comes online, raising risks of local power shortages and grid strain, the article says.
See the latest Vietnam news headlines→
Vietnam’s iron and steel industry
Vietnam’s iron and steel industry has expanded rapidly over the past two decades, driven by construction, infrastructure and manufacturing demand.
Crude steel output has risen alongside large integrated projects, with domestic producers supplying both long steel for construction and flat steel for industrial use.
Major players include Hoa Phat Group and Formosa Ha Tinh Steel, while the sector remains exposed to volatile global prices and trade remedies in key export markets.
Despite capacity growth, the industry faces structural challenges from oversupply risks, energy intensity, carbon transition pressures and competition from imported steel.
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The data
Vietnam exports of iron and steel in January, US$m
| January | December | MoM | YTD | |
| Total | 650.28 | 547.82 | 18.70% | 650.28 |
| Other | 59.40 | 53.54 | 10.94% | 59.40 |
| USA | 104.20 | 22.29 | 367.38% | 104.20 |
| India | 69.33 | 63.43 | 9.31% | 69.33 |
| Cambodia | 65.60 | 64.55 | 1.62% | 65.60 |
| Malaysia | 63.81 | 41.93 | 52.16% | 63.81 |
| Thailand | 38.79 | 13.14 | 195.17% | 38.79 |
| Indonesia | 29.44 | 35.32 | -16.64% | 29.44 |
| Philippines | 27.31 | 13.10 | 108.46% | 27.31 |
| Taiwan | 26.83 | 23.09 | 16.21% | 26.83 |
| Belgium | 24.00 | 17.87 | 34.30% | 24.00 |
| Turkey | 23.61 | 10.38 | 127.49% | 23.61 |
| Italy | 22.27 | 76.42 | -70.85% | 22.27 |
| Spain | 19.81 | 15.58 | 27.17% | 19.81 |
| Brazil | 16.43 | 5.84 | 181.47% | 16.43 |
| Poland | 14.28 | 10.08 | 41.75% | 14.28 |
| Australia | 13.94 | 22.47 | -37.95% | 13.94 |
| South Korea | 9.65 | 6.67 | 44.59% | 9.65 |
| Japan | 6.71 | 5.42 | 23.92% | 6.71 |
| China | 3.23 | 2.99 | 8.03% | 3.23 |
| Laos | 2.85 | 2.13 | 34.00% | 2.85 |
| Singapore | 2.52 | 33.60 | -92.49% | 2.52 |
| UK | 2.38 | 4.22 | -43.72% | 2.38 |
| Myanmar | 1.16 | 0.03 | 3986.54% | 1.16 |
| Saudi Arabia | 0.76 | 0.18 | 335.13% | 0.76 |
| Kuwait | 0.63 | 0.05 | 1258.71% | 0.63 |
| Germany | 0.46 | 0.43 | 7.52% | 0.46 |
| UAE | 0.42 | 1.33 | -68.51% | 0.42 |
| Russia | 0.42 | 1.54 | -72.96% | 0.42 |
| Argentina | 0.00 | 0.00 | 0.00% | 0.00 |
| Bangladesh | 0.00 | 0.00 | 0.00% | 0.00 |
| Egypt | 0.00 | 0.04 | -100.00% | 0.00 |
| Hong Kong | 0.00 | 0.15 | -100.00% | 0.00 |
| Pakistan | 0.00 | 0.00 | 0.00% | 0.00 |