Posted on 24 July 2026
Vietnam has developed into one of Southeast Asia’s most diversified steel supply bases. International buyers can source a broad range of products from the country, including hot-rolled coil, cold-rolled coil, galvanized and galvalume steel, pre-painted steel, billets, rebar and wire rod.
However, Vietnam’s steel industry is not a uniform market.
The country includes:
Large integrated producers capable of manufacturing steel from iron ore and supplying high-volume HRC and long steel.
Major downstream processors specializing in CRC, GI, GL, PPGI and PPGL.
Export-oriented coated-steel manufacturers with strong experience in Europe, the Americas, Southeast Asia and Oceania.
Smaller or more specialized mills that may offer greater flexibility for particular specifications, order sizes or regional markets.
For global buyers, the key question is therefore not simply:
Who is the largest steel mill in Vietnam?
A better sourcing question is:
Which Vietnamese producer is the best fit for my product, technical standard, destination market, order size and trade-compliance requirements?
This guide profiles ten important Vietnamese steel manufacturers and explains how buyers should assess them from a commercial and supply-chain perspective.
Vietnam’s steel industry can broadly be divided into three supplier groups.
Hoa Phat Group and Formosa Ha Tinh Steel operate large-scale upstream steelmaking facilities and are the country’s main sources of domestically produced HRC. Their scale makes them particularly relevant to large distributors, rerollers, pipe manufacturers, service centres and industrial buyers.
Hoa Phat and VAS Group are major suppliers of billet, rebar and wire rod. These products serve construction companies, steel traders, wire processors and downstream rolling operations.
Hoa Sen, Nam Kim, Ton Dong A, TVP Steel, Pomina Flat Steel, Tay Nam Steel and Southern Steel Sheet mainly process HRC into higher-value products such as:
HRPO
CRC
GI
GL
PPGI
PPGL
Roofing sheet
Steel pipe and hollow section products
This segment is especially important to roofing distributors, construction-material importers, appliance suppliers, furniture manufacturers, roll-formers and steel service centres.
| Manufacturer | Approximate capacity in Efreso’s 2024 dataset | Main products | Best suited to |
|---|---|---|---|
| Hoa Phat Group | 8.5 million tonnes | HRC, billet, rebar, wire rod, coated steel | Large-volume HRC and long-steel buyers |
| Formosa Ha Tinh Steel | 7 million tonnes | HRC, slab, billet, rebar, wire rod | Industrial HRC buyers and rerollers |
| VAS Group | 4.35 million tonnes | Billet, rebar, wire rod | Construction-steel and billet importers |
| Hoa Sen Group | 2.5 million tonnes | CRC, GI, GL, PPGI, PPGL, pipes | Global coated-steel distributors |
| Nam Kim Steel | 1.2 million tonnes | HRPO, CRC, GI, GL, PPGI and PPGL | Export-oriented coated-steel buyers |
| Ton Dong A | 800,000 tonnes | HRPO, CRC, GI, GL, PPGI and PPGL | Coated-steel buyers requiring product variety |
| TVP Steel | 700,000 tonnes | HRPO, CRC, GI, GL, colour-coated steel | Roofing, hollow-section and specialty coating buyers |
| Pomina Flat Steel | 600,000 tonnes | HRPO, CRC, GI, GL, PPGI and PPGL | Buyers evaluating alternative flat-steel suppliers |
| Tay Nam Steel | 400,000 tonnes | HRPO, CRC, GI, GL and pre-painted steel | Regional and flexible coated-steel sourcing |
| Southern Steel Sheet | 400,000 tonnes | GI, GL and pre-painted steel | Buyers prioritising established coating expertise |
These capacities represent installed or stated production capability rather than guaranteed available export tonnage. Actual availability depends on utilisation rates, domestic demand, maintenance schedules, product mix and order-book conditions.
Hoa Phat Group is one of Vietnam’s most important industrial groups and the country’s largest domestically owned steel producer. Steel represents the core of the group’s business.
Efreso’s 2024 dataset estimated Hoa Phat’s production capacity at approximately 8.5 million tonnes per year, comprising around:
3 million tonnes of HRC
5.5 million tonnes of billet, rebar and wire rod
The group operates production facilities in Hung Yen, Hai Duong and Dung Quat. Its steelmaking route includes blast furnace and basic oxygen furnace technology, while its HRC facilities use production technology supplied by major European equipment providers.
Hoa Phat’s portfolio includes:
Commercial-grade HRC
Pickled and oiled steel
Billet
Rebar
Wire rod
High-quality construction steel
Galvanized and coated products
The report indicates that Hoa Phat supplied HRC to markets including Italy, India, Malaysia, Indonesia, Mexico, Spain, Portugal, Cambodia and Türkiye in 2023. Its rebar and billet also reached markets in Asia and other regions.
This diversity matters because it demonstrates experience with:
International shipping documentation
Export packing
Different destination standards
Third-party inspection
Large bulk and breakbulk shipments
Best for:
Large HRC import programmes
Rebar and wire rod procurement
Billet sourcing
Buyers requiring integrated production control
Long-term supply agreements
Main strengths:
Large production base
Broad product portfolio
Integrated steelmaking
Ability to supply substantial quantities
Access to export infrastructure
Points to verify:
Current export allocation
Available HRC grades and thickness range
Minimum order quantity
Coil weight and inner diameter
Lead time during strong domestic demand
Destination-specific trade-remedy exposure
Carbon-emissions documentation where required
Hoa Phat should normally appear on the shortlist for any buyer seeking Vietnamese-origin HRC or long steel in commercial volumes. Its scale is a significant advantage, but smaller buyers should confirm whether their order size and specification can be accommodated within the mill’s production programme.
Formosa Ha Tinh Steel, commonly known as FHS, is one of Vietnam’s two principal HRC producers and one of the country’s largest foreign-invested industrial enterprises.
According to Efreso’s report, the complex had an estimated annual steel capacity of approximately 7 million tonnes, including:
About 5 million tonnes of HRC
Around 2 million tonnes of slab, billet, rebar and wire rod
FHS operates blast furnaces, HRC lines, continuous casting lines and long-steel rolling facilities. The company also benefits from access to Son Duong deep-water port, which supports raw-material intake and large-scale steel shipments.
HRC
Slab
Billet
Wire rod
Rebar
Efreso’s historical trade data showed significant HRC exports to India, Italy, Malaysia, Indonesia and Mexico. Wire rod was shipped to markets such as Thailand, Malaysia, Japan and Belgium, while billets were exported mainly to Asian and Latin American destinations.
Best for:
HRC rerollers
Pipe and tube producers
Service centres
Large distributors
Buyers seeking direct mill supply
Industrial customers requiring stable base material
Main strengths:
Large HRC capacity
Integrated production
Deep-water port access
Experience supplying multiple export regions
Suitable for larger vessel and shipment programmes
Points to verify:
Grade availability
Surface and dimensional tolerances
Coil weight options
Current production and maintenance schedule
Export booking conditions
Payment terms
Anti-dumping and safeguard status in the destination market
FHS is a strategic supplier for buyers seeking Vietnamese HRC at scale. It is particularly relevant when procurement programmes require regular tonnage rather than small, highly customised lots.
VAS Group is a major Vietnamese producer of billet, rebar and wire rod. The group operates a network of facilities across northern, central and southern Vietnam.
Efreso estimated its total capacity at approximately 4.35 million tonnes per year, with the largest production base located at Nghi Son. Its manufacturing network also includes facilities associated with An Hung Tuong, Tue Minh, Da Nang and Viet My.
Steel billet
Rebar
Wire rod
One of VAS Group’s key commercial advantages is its access to port infrastructure. For international buyers, proximity to an export port can reduce inland transport costs, improve vessel scheduling and support larger shipment sizes.
The report recorded exports of:
Billet to the Philippines
Rebar to Cambodia and the United States
Wire rod to Cambodia, Taiwan and Australia
Although historical export volumes differ by product and destination, the data indicate that VAS has experience serving multiple markets and product standards.
Best for:
Billet importers
Construction-steel distributors
Rebar buyers
Wire-drawing companies
Regional ASEAN buyers
Importers using breakbulk shipment structures
Main strengths:
Strong long-steel specialisation
Multiple production sites
Port access
Billet-to-finished-steel production chain
Regional export experience
Points to verify:
Steelmaking route and scrap/raw-material mix
Billet size and chemical composition
Rebar standards and certification
Wire rod grade range
Bundle weight and packing
Product-specific environmental declarations
Current export allocation
VAS is better evaluated as a specialist long-steel supplier than as a general steel producer. It may be particularly attractive to buyers requiring billet, commercial rebar or wire rod from an experienced Vietnamese exporter.
Hoa Sen Group is one of Vietnam’s most internationally recognised producers of coated steel and steel pipes.
Efreso’s report estimated flat-steel production capacity at around 2.5 million tonnes per year. The group operates multiple manufacturing and processing plants, producing CRC, galvanized steel, galvalume steel and colour-coated products.
CRC
GI
GL
PPGI
PPGL
Roofing sheet
Steel pipe
Plastic pipe through its wider business portfolio
Hoa Sen has historically exported to dozens of countries. The Efreso dataset identified important markets across:
Southeast Asia
Europe
North America
Latin America
Oceania
The Middle East
Its 2023 export data showed substantial sales of GI, GL and pre-painted steel, with notable demand from Mexico, the United States, Belgium, Malaysia, Spain, Australia and other markets.
Best for:
Roofing-material importers
Coated-steel distributors
Roll-formers
Building-material wholesalers
Buyers requiring GI, GL, PPGI or PPGL
Buyers seeking an experienced export manufacturer
Main strengths:
Large coated-steel capacity
Extensive export history
Broad coating and colour range
Multiple production locations
Strong downstream manufacturing capability
Points to verify:
Exact metallic coating mass
Zinc or aluminium-zinc composition
Paint system and paint supplier
Topcoat and backcoat thickness
Gloss and colour tolerance
Substrate grade
Warranty terms
Suitability for coastal, industrial or high-UV environments
Hoa Sen is one of the strongest candidates for international buyers seeking commercial-scale coated and pre-painted steel from Vietnam. Buyers should still specify every coating and paint parameter clearly, since descriptions such as “galvanized” or “pre-painted” are not sufficiently precise for international procurement.
Nam Kim Steel is a major Vietnamese flat and coated-steel producer established in 2002. The company serves construction, industrial and furniture-related markets and has exported products to numerous countries and territories.
Efreso’s report estimated its existing capacity at approximately 1.2 million tonnes per year. Its product portfolio covers the full downstream flat-steel chain from HRPO and CRC to galvanized, galvalume and pre-painted products.
The report also referenced the Nam Kim Phu My project, designed to add approximately 1.2 million tonnes of annual capacity. Because the targeted completion period falls around 2026, buyers should verify the project’s actual commissioning and commercial production status before relying on the additional capacity.
HRPO
CRC
GI
GL
PPGI
PPGL
Nam Kim uses equipment and technology associated with international engineering suppliers. This supports its positioning in more demanding coated-steel and export markets.
Best for:
Export-focused coated-steel distributors
Roofing and construction-material companies
Appliance and furniture manufacturers
Buyers seeking alternatives to the largest Vietnamese coated-steel supplier
Customers requiring a relatively broad specification portfolio
Main strengths:
Strong coated-steel specialisation
International export experience
Multiple processing stages
Planned capacity expansion
Potential suitability for higher-value products
Points to verify:
Current commissioning status of new capacity
Certification by production line
Product availability by destination market
Colour and paint-system limitations
Minimum commercial quantity
Financial and delivery terms
Trade-remedy history for the relevant product
Nam Kim is an important alternative for global coated-steel buyers, particularly when they need competition among Vietnamese suppliers or products outside the most standard roofing specifications.
Ton Dong A, established in 1998, is a Vietnamese manufacturer specialising in coated flat steel.
Efreso’s 2024 dataset placed its existing production capacity at approximately 800,000 tonnes per year, covering HRPO, CRC, GI, GL and pre-painted products. The report also referred to a new 1.2-million-tonne facility expected to increase total capacity to more than 2 million tonnes annually.
Because the new facility was expected to enter operation around the second quarter of 2026, its current status, qualified product range and export readiness should be independently confirmed.
HRPO
CRC
GI
GL
PPGI
PPGL
Best for:
Coated-steel distributors
Roofing manufacturers
Construction-material importers
Buyers requiring a second or third qualified Vietnamese mill
Customers looking for expanding production capacity
Main strengths:
Long experience in coated steel
Broad downstream product portfolio
Multiple coating and colour lines
Significant expansion potential
Points to verify:
Operational status of the new plant
Product qualification from the new lines
Trial versus commercial output
Mill test certificate format
Coating and paint warranty
Historical performance in the buyer’s destination
Lead times during ramp-up
Ton Dong A could become increasingly significant in Vietnam’s coated-steel export market as its expansion comes online. Buyers should distinguish between nameplate capacity and fully qualified, stable commercial production.
TVP Steel manufactures cold-rolled, galvanized, galvalume and colour-coated steel, along with steel sheet, plate and hollow-section products.
Efreso estimated its annual flat-steel capacity at approximately 700,000 tonnes. Its production equipment includes cold-rolling, pickling and galvalume lines associated with international technology suppliers. The company was also described as an early user of PVDF paint systems in Vietnam.
HRPO
CRC
GI
GL
Pre-painted steel
Steel sheet
Steel plate
Hollow sections and pipes
Efreso’s dataset recorded TVP exports to more than 12 markets, including Thailand, Cambodia, Italy, Spain, Taiwan, Belgium, the United Kingdom and Canada.
The report noted particularly strong historical galvalume exports to Thailand, Cambodia and Italy.
Best for:
Galvalume importers
Pre-painted steel buyers
Roofing distributors
Hollow-section buyers
Customers interested in PVDF-coated products
Medium-sized import programmes
Main strengths:
Strong galvalume orientation
Product diversity
Experience in Asian and European markets
Availability of specialised paint systems
Points to verify:
PVDF resin percentage and paint supplier
Primer and backcoat specification
Salt-spray and weathering test performance
Available substrate strengths
Coil and sheet tolerances
Export packaging for long-distance shipments
TVP is particularly relevant for buyers of galvalume and colour-coated steel. Its suitability should be assessed on a product-line basis rather than solely on overall company capacity.
Pomina Flat Steel was established in 2017 and developed as a downstream flat-steel manufacturer.
Efreso reported approximately 600,000 tonnes of annual production capacity, including HRPO, CRC, GI, GL and pre-painted steel. Its production system was installed using technology from Tenova of Italy.
The report also stated that the business was undergoing operational restructuring and seeking strategic cooperation. This is highly relevant to buyers because installed equipment alone does not confirm present operating stability, raw-material access or shipment reliability.
HRPO
CRC
GI
GL
PPGI
PPGL
Potentially suitable for:
Buyers seeking additional Vietnamese supply options
Customers willing to conduct detailed factory qualification
Coated-steel importers seeking flexible commercial opportunities
Strategic partners or long-term offtakers
Potential advantages:
Modern downstream equipment
Full processing chain
Capacity for several flat-steel categories
Potential commercial flexibility
Priority verification areas:
Current operating status
Production utilisation
Ownership and financial position
Availability of working capital and HRC feedstock
Recent shipment references
Quality-control staffing
Product liability and warranty arrangements
Pomina Flat Steel should not be assessed purely on installed capacity. A current operational audit, recent production records and shipment references are essential before placing a material order.
Tay Nam Steel was established in 2016 and specialises in cold-rolled, galvanized, galvalume and colour-coated steel.
Efreso estimated its annual capacity at approximately 400,000 tonnes. The company’s production lines reportedly use technology from several international equipment sources.
HRPO
CRC
GI
GL
Pre-painted steel
Best for:
Regional distributors
Medium-sized coated-steel orders
Buyers needing alternative mills
Customers looking for flexible specification or commercial discussions
Possible strengths:
Broad downstream product range
Smaller scale may support flexibility
Potential responsiveness to regional orders
Ability to supply standard construction-grade products
Points to verify:
Export history by destination
Certification coverage
Actual monthly production
Raw-material source
Paint and chemical suppliers
Laboratory testing capability
Claim-handling process
Tay Nam Steel may be relevant when buyers value flexibility over maximum scale. However, buyers should conduct more direct due diligence because publicly available operating and export information may be less extensive than for listed or larger manufacturers.
Southern Steel Sheet Company, or SSSC, is a joint venture involving Vietnamese, Japanese and Malaysian interests.
Established in 1995, it was among the early Vietnamese manufacturers to apply continuous galvanizing and pre-painting technology.
Efreso estimated its annual capacity at approximately 400,000 tonnes, focused on GI, GL and pre-painted steel. The company operates production facilities in Bien Hoa and Nhon Trach.
GI
GL
Pre-painted galvanized steel
Pre-painted galvalume steel
Best for:
Traditional coated-steel importers
Roofing and building-material distributors
Buyers valuing established manufacturing history
Customers looking for a joint-venture production culture
Main strengths:
Long operating history
Coating specialisation
International joint-venture background
Multiple production sites
Points to verify:
Current product range by line
Available coating masses
Paint systems
Certification and test-report coverage
Export references
Commercial capacity available to new buyers
SSSC is a specialised coated-steel supplier rather than a full-range steel producer. It may be a suitable candidate when buyers need established GI, GL or pre-painted products and can align their order with the mill’s available specifications.
The primary candidates are:
Hoa Phat Group
Formosa Ha Tinh Steel
The final choice should depend on:
Grade
Thickness and width
Coil weight
Surface requirements
Order volume
Destination
Trade-remedy exposure
Available shipment window
The main candidates include:
Hoa Phat
Formosa Ha Tinh Steel
VAS Group
VAS may be especially relevant to buyers focused specifically on billet and long steel, while Hoa Phat and FHS provide the advantages of integrated production at larger scale.
Key suppliers include:
Hoa Phat
VAS Group
Formosa Ha Tinh Steel
Buyers should verify applicable standards such as ASTM, BS, JIS or destination-specific national standards rather than assuming that all mill output is interchangeable.
Potential suppliers include:
Hoa Sen
Nam Kim
Ton Dong A
TVP Steel
Pomina Flat Steel
Tay Nam Steel
CRC buyers should verify surface quality, hardness, temper, flatness, oiling and downstream suitability.
The broadest supplier pool includes:
Hoa Sen
Nam Kim
Ton Dong A
TVP Steel
Pomina Flat Steel
Tay Nam Steel
Southern Steel Sheet
Hoa Phat’s downstream operations
For these products, coating composition and coating mass are commercially decisive.
Important candidates include:
Hoa Sen
Nam Kim
Ton Dong A
TVP Steel
Pomina Flat Steel
Tay Nam Steel
Southern Steel Sheet
Buyers should not compare offers only by base price per tonne. Paint chemistry, coating thickness, warranty, substrate, zinc or Al-Zn layer and expected service environment can materially change product life.
Vietnam offers both upstream and downstream products, allowing buyers to source:
HRC
Long steel
Cold-rolled steel
Metallic-coated steel
Pre-painted steel
Roofing and structural products
Several Vietnamese mills already have experience shipping to Southeast Asia, Europe, the Americas, the Middle East and Oceania.
This reduces—but does not eliminate—risks related to export documentation, packing and destination standards.
Many Vietnamese steel plants are located near industrial ports or coastal logistics corridors. This can support:
Breakbulk shipments
Bulk cargoes
Containerised coils and sheets
Faster access to Asian sea routes
Vietnam has built significant capacity in coated and pre-painted steel. This creates competition among suppliers and gives buyers multiple options for commercial construction products.
Vietnam participates in an extensive network of trade agreements. Depending on the product and destination, Vietnamese origin may provide tariff advantages.
However, preferential tariff treatment is not automatic. Buyers must verify:
Product-specific rules of origin
Required certificate of origin
Tariff schedule
Cumulation provisions
Direct-consignment requirements
Applicable anti-dumping or safeguard measures
A mill may have a large nameplate capacity but lower actual production because of:
Maintenance
Weak demand
Raw-material constraints
Financial restructuring
Line commissioning
Product-change schedules
Buyers should request recent monthly output and delivery references.
Two offers described as “AZ120 galvalume” may differ in:
Tolerance
Spangle
Passivation
Anti-fingerprint treatment
Surface quality
Base-metal grade
Coil weight
Edge condition
A complete technical annex is essential.
Steel is one of the world’s most heavily protected traded products.
Before contracting, buyers should examine:
Anti-dumping duties
Countervailing duties
Safeguards
Tariff-rate quotas
Section 232 measures
Country-of-origin investigations
Circumvention risk
Carbon-border requirements
The correct mill is not always the one offering the lowest FOB price. The best supplier is the one providing the lowest compliant landed cost with acceptable delivery risk.
New production lines often require time to stabilise:
Thickness control
Flatness
Coating uniformity
Colour consistency
Yield
Surface quality
Production scheduling
Buyers should request samples and trial orders from the actual production line that will manufacture the commercial cargo.
A certificate held by the parent company does not always cover every plant, line or product.
The buyer should verify:
Certificate holder
Factory address
Product scope
Standard
Expiry date
Accreditation body
Whether the certificate applies to the offered production line
The RFQ should include:
Product name
Standard
Grade
Thickness
Width
Coating mass
Surface treatment
Paint system
Colour
Coil weight
Quantity
Port of destination
Incoterm
Delivery schedule
Inspection requirement
Documentation requirement
At minimum:
Product data sheet
Mill test certificate sample
ISO certificates
Relevant product certificates
Coating and paint test reports
Dimensional tolerances
Packing standard
Coil identification format
Confirm:
Factory name and address
Actual production line
Current operating status
Monthly production capacity
Quality-control laboratory
Raw-material source
Export loading port
Check:
HS code
Country of origin
Applicable tariff
Trade remedies
Certificate-of-origin eligibility
Destination labelling
Customs documentation
Inspection may include:
Quantity and weight
Dimensions
Coating mass
Paint thickness
Colour
Surface defects
Mechanical properties
Packaging
Container or vessel loading
A trial order helps evaluate:
Product quality
Documentation accuracy
Loading performance
Transit protection
Claims handling
Delivery reliability
Vietnam offers significant sourcing opportunities, but supplier selection requires more than collecting quotations.
Efreso acts as a local sourcing partner connecting global steel buyers with appropriate Vietnamese manufacturers.
Support can include:
Identifying mills by product and specification
Translating technical requirements into mill-ready RFQs
Comparing offers on a like-for-like basis
Verifying production facilities
Coordinating samples and mill documentation
Supporting commercial negotiation
Arranging third-party inspection
Monitoring production and shipment
Reviewing export documentation
Assisting with quality claims and communication
The objective is not simply to introduce a steel mill.
It is to help the buyer select the right combination of:
Manufacturer
Product
Specification
Commercial terms
Logistics route
Risk-control measures
Vietnam should be viewed as a portfolio sourcing market rather than a single-source market.
For large-volume HRC and integrated long steel, Hoa Phat and Formosa Ha Tinh Steel are central suppliers.
For billet, rebar and wire rod, VAS Group provides an important specialist option alongside the integrated producers.
For CRC, GI, GL, PPGI and PPGL, buyers can evaluate a wider group led by Hoa Sen, Nam Kim and Ton Dong A, with TVP, Pomina Flat Steel, Tay Nam Steel and Southern Steel Sheet providing additional options depending on specifications, order size and qualification requirements.
The best Vietnamese steel supplier is therefore not necessarily the company with the highest capacity.
It is the manufacturer that can consistently provide:
The correct technical specification
Reliable production
Compliant origin
Acceptable lead time
Competitive landed cost
Verifiable documentation
Effective after-sales support
For global steel buyers, this is where local sourcing intelligence creates the greatest value.
Hoa Phat is generally considered Vietnam’s largest domestically owned steel producer, while Formosa Ha Tinh Steel is one of the country’s largest integrated steel complexes and major HRC manufacturers.
The two principal large-scale HRC producers are Hoa Phat Group and Formosa Ha Tinh Steel.
Major suppliers include Hoa Sen, Nam Kim, Ton Dong A, TVP Steel, Pomina Flat Steel, Tay Nam Steel and Southern Steel Sheet.
Some Vietnamese mills already export to these markets, but suitability depends on the exact product standard, certification, country-of-origin rules and current trade-remedy measures.
Buyers should review mill certificates, inspect the factory, verify the production line, conduct third-party testing, check export references and begin with a controlled trial shipment.
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