Top 10 largest steel manufacturers in Vietnam in 2024

Top 10 largest steel manufacturers in Vietnam in 2024

BlogDate: 20-04-2023 by: Nhu Quynh

Vietnam's steel industry is experiencing significant growth and has become one of the leading steel exporters worldwide. Vietnamese steel manufacturers are increasing the scale and quality of their products and investing more in machinery and technology. Here is the list of the top 10 leading steel manufacturers in Vietnam.

1. Vietnam Steel Corporation ( 1st Vietnam steel manufacturer)

Vietnam Steel Corporation (VNSTEEL), established in 1995, is the first Vietnam steel manufacturer. "I have the will to practice successfully" has always been the criterion by which VNSTEEL has been operating over the past three decades. VNSTEEL has produced and supplied nearly 90 million tons of steel to the market for life and production. Currently, VNSTEEL works with more than 50 affiliated units. The birth of VNSTEEL made an outstanding contribution to promoting the development of Vietnam's steel industry.

Vietnam Steel Corporation

2. Hoa Phat Group (top 1 market share of Vietnam steel manufacturers)

Hoa Phat Group started as a company specializing in selling construction machinery, then expanded to other business areas such as furniture, steel pipes, construction steel, etc. Currently, with the world With a strong focus on steel production and trading, the Hoa Phat steel brand accounts for 80% of the group's revenue. For many years in a row, Hoa Phat has always been at the top of the list of the largest and most effective enterprises in Vietnam. Hoa Phat is also among the world's top 100 largest steel enterprises. Hoa Phat Group is the largest steel producer in Southeast Asia, producing about 8 million tons of crude steel each year. This is also one of the three largest construction Vietnam steel manufacturers, with a 22% market share.

Hoa Phat Group

3. Pomina Steel Corporation

Pomina Steel Company was established in 1999, and with a capacity of 1.5 million tons per year, Pomina is one of the largest Vietnam steel manufacturers today. With the business goal of "Pomina Steel—The Core of Life,", Pomina pioneered investing in modern technology and machinery of famous brands such as Tenova, Techint, SMS Concast, and Siemens VAI. With the investment in technology, Pomina resources always bring customers quality products. Pomina Steel Company constantly strives to become the pride of the industry in the Vietnamese economy.

Pomina Steel Corporation

4. Vina Kyoei Steel Company Limited

It is one of Vietnam steel manufacturers Vina Kyoei Steel Co., Ltd., established in 1994 and began production in 1996. Vina Kyoei supplies the market with steel products with a total capacity of nearly 1 million tons annually. Vina Kyoei constantly improves product quality by investing in machines and lines with modern and advanced Japanese technology to produce high-quality products that meet all requirements. World-class quality standards. With its potential and strengths, Vina Kyoei constantly develops its products to build a more robust and prosperous economy.

Vina Kyoei Steel Company Limited

5. Vinausteel Limited

The VINAUSTEEL Steel LDSX Company is one of the Vietnam steel manufacturers established in 1994. This company has capital contributions from the Vietnam Industry Investment Group from Australia and the Vietnam Steel Corporation (VNSTEEL). Each year, VINAUSTEEL produces and supplies 300,000 tons of construction steel to the market. All products are strictly quality controlled before being put on the market, fully meeting the criteria according to quality regulations. With nearly 30 years of operation, VINAUSTEEL Steel LDSX Company has become the prestigious leading brand in the market and is favored by many Vietnamese consumers.

Vinausteel Limited

6. Hoa Sen Group

Hoa Sen Group has now become one of the largest Vietnam steel manufacturers. Hoa Sen owns 11 large manufacturing factories with nearly 300 distribution branches nationwide. Hoa Sen is one of the pioneering companies to bring Vietnamese steel brands to the international market. With product quality meeting international standards, Hoa Sen-branded products have now been used by consumers in more than 80 countries and regions worldwide. Hoa Sen Group's birth changed our country's face and economy.

Hoa Sen Group

7. PY Vina Steel

Py Vina Steel Company, a member of the famous POSCO steel corporation, established in 2010, is the only Vietnam steel manufacturer to produce sizeable H-shaped steel. PY VINA uses modern production line technology provided by the world's leading metallurgical equipment supplier, Danieli, from Italy. PY VINA also equips itself with its port system to facilitate the transportation of goods.

PY Vina Steel

8. TVP Steel Joint Stock Company

TVP Steel Joint Stock Company is one of the companies developing in manufacturing and trading all kinds of corrugated iron, galvanized steel sheet, steel plate, and other steel. As a Vietnam steel manufacturer that has always been a technical leader in the market, it continuously invests in modern machinery and equipment from prominent corporations such as Tenova and Danieli. Recently, TVP has continually invested in expanding its market share in the steel industry. With solid investments, TVP Steel believes it will reach further and become a company specializing in producing building materials with leading technology in Southeast Asia.

TVP Steel Joint Stock Company

9. Asean Steel Joint Stock Company

With more than 20 years of establishment and development, ASEAN Steel Joint Stock Company is one of the factories producing and distributing rebar and coil steel in the Central and Central Highlands. The company's billet products are now supplied to domestic factories and exported to countries such as the Philippines, Indonesia, Taiwan, and Thailand,... ASEAN Steel is committed to always satisfying customers. Products with the best and safest products bring sustainability to all constructions.

Asean Steel Stock Company

10. Tung Ho Steel Vietnam Corporation Limited (Vietnam steel manufacturer with foreign investment)

Tung Ho Vietnam Steel Co., Ltd. is the first Vietnam steel manufacturer with 100% Taiwanese capital, with a total investment of more than VND 4,700 billion, specializing in steel and billet production, and has been in operation since 2008. The steel factory in Tung Ho, Vietnam, specializes in producing steel bars and coils with a capacity of 1 million tons annually. This is also the first steel mill in Vietnam without an oil chimney, contributing to reducing CO2 emissions into the environment.

Tung Ho Steel Vietnam Corporation Limited


MRS Steel has helped you summarize the top 10 leading Vietnam steel manufacturers through this article. If you want more details about these businesses, please leave your information, and we will contact you to answer.