Hoa Phat’s construction sales hit record 585,000 tonnes for the first time in 34 years

Hoa Phat Group capped 2025 with a new monthly record in December, as sales of construction steel and high-quality wire rod steel climbed to 585,000 tonnes, up 52 per cent year-on-year, underlining strong demand and the group’s expanding reach, it said.

Of the total, about 60,000 tonnes were high-quality wire rod steel supplied for specialised applications, including tyre cord wire, welding rod cores, prestressed concrete cables and mechanical engineering products.

For the full year 2025, Hoa Phat sold a total of 4.85 million tonnes of construction steel. 

Sales growth was reported across all regions and subsidiaries nationwide. In the southern market alone, sales exceeded 100,000 tonnes in December, more than double the volume recorded in the same month of 2024. This marked the highest-ever monthly sales level for Hoa Phat’s construction steel in the region.

The strong performance in the final month of the year was driven by several factors, including faster disbursement and construction progress at major public investment projects such as expressways and airports, alongside a relatively positive recovery in civil construction demand. The group’s continued efforts to strengthen its distribution network and expand sales operations in southern Viet Nam also contributed to the increase.

For the full year 2025, Hoa Phat sold a total of 4.85 million tonnes of construction steel and various high-quality steel products, exceeding its annual plan and rising 8 per cent compared to 2024. The southern market accounted for nearly 900,000 tonnes, up 24 per cent from 706,000 tonnes in the previous year. Hoa Phat maintained its position as Viet Nam’s largest steel producer, with a domestic market share of more than 36 per cent.

Hoa Phat is currently the largest steel manufacturer in Southeast Asia and is expected to reach a total production capacity of 16 million tonnes by the end of 2026. Approximately 60 per cent of its output consists of high-tech steel products serving industries such as mechanical engineering, automobile manufacturing, shipbuilding, oil and gas, household appliances, steel structures and energy. At present, Hoa Phat is the only Vietnamese enterprise investing in and producing hot-rolled coil steel.

The group operates two large-scale integrated steel complexes in Hai Phong and Quang Ngai, along with a steel melting, casting and rolling facility in Hung Yen Province. Covering nearly 700 hectares, the Hoa Phat Dung Quat Integrated Steel Complex in Quảng Ngai is the largest of its kind, with a designed capacity of 12 million tonnes of steel per year.

Hoa Phat is also accelerating the development of a rail steel and special steel plant at Dung Quat. The facility is expected to begin supplying rail steel products in 2027, catering to key national railway projects and export markets.