Vietnam exported iron and steel to the tune of US$698 million in March, up from US$515 million in February, a change of 35.50 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$1,861 million worth of iron and steel by the end of March.
India accounted for US$116 million in March, up from US$64 million in February, a rise of 81.45 percent. Year to date, exports to India reached US$249 million.
Indonesia followed with US$95 million in March, up from US$33 million in February, an increase of 191.63 percent. Year to date, exports to Indonesia totalled US$157 million.
Cambodia recorded US$94 million in March, up from US$64 million in February, a gain of 48.03 percent. Year to date, exports to Cambodia reached US$224 million.
The United States registered US$68 million in March, down from US$88 million in February, a decline of 23.27 percent. Year to date, exports to the United States stood at US$260 million.
Italy rounded out the top five with US$53 million in March, down from US$59 million in February, a fall of 9.94 percent. Year to date, exports to Italy reached US$135 million.
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Listed iron and steel companies
Key iron and steel firms listed on the Vietnam stock exchange include:
VNSTEEL – Ho Chi Minh City Metal Corporation (HMC)
VNSTEEL – Ho Chi Minh City Metal Corporation (HMC) trades and distributes steel and non-ferrous metals for industrial and construction use. (HMC)
In March, HMC shares moved from 11.50 to 11.55, a change of 0.05 (0.43%).
Foreign ownership moved from 132,736.12 to 132,797.12, a change of 61.00 (0.05%).
Son Ha International Corporation (SHI)
Son Ha International Corporation (SHI) produces stainless steel products, solar water heaters, and construction materials. (SHI)
In March, SHI shares moved from 14.05 to 14.00, a change of -0.05 (-0.36%).
Foreign ownership moved from 828,314.13 to 829,509.13, a change of 1,195.00 (0.14%).
Son Ha Sai Gon Joint Stock Company (SHA)
Son Ha Sai Gon Joint Stock Company (SHA) manufactures stainless steel water tanks, pipes, and household appliances. (SHA)
In March, SHA shares moved from 4.00 to 3.95, a change of -0.05 (-1.25%).
Foreign ownership moved from 169,051.45 to 169,051.80, a change of 0.35 (0.00%).
Hoa Phat Group (HPG)
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)
In March, HPG shares moved from 28.80 to 26.90, a change of -1.90 (-6.60%).
Foreign ownership moved from 20,361,245.73 to 20,652,704.70, a change of 291,458.97 (1.43%).
Hoa Sen Group (HSG)
Hoa Sen Group (HSG) manufactures and exports steel sheets, roofing materials, and plastic pipes throughout Southeast Asia. (HSG)
In March, HSG shares moved from 16.15 to 14.85, a change of -1.30 (-8.05%).
Foreign ownership moved from 2,765,509.32 to 2,816,225.99, a change of 50,716.67 (1.83%).
Nam Kim Steel JSC (NKG)
Nam Kim Steel JSC (NKG) manufactures and exports galvanised and coated steel products for construction and industrial use. (NKG)
In March, NKG shares moved from 15.80 to 13.85, a change of -1.95 (-12.34%).
Foreign ownership moved from 1,988,192.18 to 2,007,914.35, a change of 19,722.17 (0.99%).
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Vietnam iron and steel news
Recent developments in iron and steel in Vietnam include:
300 pending trade investigations
There are currently 300 trade defence investigations into Vietnamese exports across 25 markets, affecting sectors including wood, steel, seafood, and solar products. Read more→
Iron and steel imports in March
Vietnam imported iron and steel to the tune of US$891 million in March, up from US$680 million in February, a change of 31 percent, according to preliminary data from Vietnam’s General Department of Customs. Read more→
Formosa fish-kill compensation
Ten years after the 2016 Formosa marine disaster, victims say justice remains unresolved despite a US$500 million compensation agreement.
The spill, caused by toxic discharge from the Formosa steel plant in Ha Tinh, killed at least 100 metric tons of fish and affected hundreds of thousands.
Victims report inadequate compensation, stalled lawsuits, and a lack of transparency over fund distribution, with some alleging unequal allocation by local authorities, the article says. Read more→
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Vietnam’s iron and steel industry
Vietnam’s steel industry is a core component of the country’s industrial base, supporting construction, manufacturing, and infrastructure development.
Domestic production has expanded rapidly in recent years, driven by strong demand and significant investment in large-scale steel plants.
The sector remains influenced by global price movements and trade dynamics, with imports and exports playing a key role in supply balance.
Government policies and infrastructure spending continue to shape growth, while competition and input costs present ongoing challenges for producers.
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The data
Vietnam exports of iron and steel in March, 2026 US$m
| March | February | MoM | YTD | |
| Total | 697.73 | 514.92 | 35.50% | 1,861.34 |
| Other | 47.57 | 40.27 | 18.14% | 146.54 |
| India | 115.78 | 63.81 | 81.45% | 248.93 |
| Indonesia | 95.33 | 32.69 | 191.63% | 157.47 |
| Cambodia | 94.37 | 63.75 | 48.03% | 223.71 |
| USA | 67.52 | 87.99 | -23.27% | 259.88 |
| Italy | 53.25 | 59.13 | -9.94% | 134.65 |
| Malaysia | 42.23 | 32.10 | 31.56% | 138.14 |
| South Korea | 27.05 | 9.77 | 176.84% | 46.47 |
| Taiwan | 26.32 | 11.81 | 122.95% | 64.96 |
| Turkey | 25.78 | 13.57 | 89.98% | 62.97 |
| Belgium | 23.60 | 32.24 | -26.81% | 79.84 |
| Australia | 18.71 | 5.85 | 220.02% | 38.50 |
| Thailand | 16.45 | 11.73 | 40.29% | 67.01 |
| Poland | 8.29 | 17.90 | -53.71% | 40.48 |
| UK | 8.03 | 0.72 | 1022.64% | 11.12 |
| Japan | 6.81 | 5.35 | 27.46% | 18.87 |
| Laos | 4.64 | 1.66 | 179.55% | 9.16 |
| Brazil | 4.32 | 13.60 | -68.25% | 34.35 |
| China | 3.56 | 1.51 | 135.43% | 8.31 |
| Spain | 3.40 | 4.30 | -21.03% | 27.51 |
| Russia | 1.54 | 0.67 | 128.19% | 2.63 |
| Singapore | 1.08 | 1.66 | -35.24% | 5.26 |
| Philippines | 0.87 | 0.55 | 57.31% | 28.98 |
| Myanmar | 0.75 | 0.66 | 13.54% | 2.57 |
| Germany | 0.31 | 0.28 | 12.91% | 1.05 |
| Argentina | 0.10 | 0.00 | 0.00% | 0.10 |
| Hong Kong | 0.05 | 0.07 | -22.02% | 0.16 |
| UAE | 0.03 | 1.29 | -97.89% | 1.74 |