Investors impressed by Hoa Phat's highly automated steel pipe factory

More than 40 domestic and foreign investors recently visited the Hoa Phat Long An Steel Pipe Factory. This activity was part of the Emerging Vietnam 2026 event series organized by Ho Chi Minh City Securities Corporation (HSC). Witnessing the production lines firsthand, many members of the delegation were impressed by the scale and high level of automation of the most modern steel pipe factory in the Southern region.

More than 40 domestic and foreign investors recently visited the Hoa Phat Long An Steel Pipe Factory. This activity was part of the Emerging Vietnam 2026 event series organized by Ho Chi Minh City Securities Corporation (HSC).

On June 12, 2026, right after the talks at the Emerging Vietnam 2026 conference, a group of investors-including people from investment funds, stock companies, and private investors-went to see the Hoa Phat Long An Steel Pipe Factory in Tay Ninh province. The factory cost more than 2,000 billion VND to build. Construction started back in 2023, and the whole place was finished and fully running by the start of 2026. Now, it can produce over 400,000 tons of steel pipes every year.

The delegation of investors, including representatives from funds, securities companies, and individual investors, visited the Hoa Phat Long An Steel Pipe Factory in Tay Ninh province.

The factory covers a total area of 15 hectares and has 4 workshops set up to match the production process. Workshop 1 runs lines for rust removal, cold rolling, strip coating, and making galvanized steel coils. Workshop 2 makes common steel pipes. Workshop 3 focuses on hot-dip galvanized steel pipes using a closed process. Workshop 4 makes large pipes with 3 automatic bending machines. In this shop, the 325 bending machine makes large round pipes up to 12.7 mm thick, while the 200 square press uses automatic mold-changing tech to make square and rectangular pipes up to 200 mm. This cuts the time needed to switch product types from 8 to 16 hours down to just about 2 hours compared to old methods.

The products meet strict local and international standards like ASTM (US), BS EN (UK), and JIS (Japan). The factory also invested in a 10 MW rooftop solar power system, which supplies more than half of the electricity needed for production, alongside a complete environmental treatment system for green development.

Hoa Phat steel pipe products meet strict local and international standards like ASTM (US), BS EN (UK), and JIS (Japan).

Mr. Le Thanh Tuan, Acting Director of the Hoa Phat Long An Steel Product Production and Business Factory, said: "Hoa Phat is the largest steel pipe maker in Vietnam. To keep this top position, we constantly invest across all three regions of the country. Long An is our 6th steel pipe factory, and it features the most advanced equipment in the industry. The factory is built to be modern and complete, with a production capacity that well meets both local and export market needs.”

"Our products are already used in many major projects like Long Thanh Airport, Tan Son Nhat Terminal T3, Sai Gon Pedestrian Bridge, projects for APEC Phu Quoc 2027, and the National Exhibition Center. In the next 3 to 5 years, we will focus on improving our tech, raising quality, and making more types of products. We always welcome improvement ideas from our own team, and many of these ideas are already being used in production," Mr. Tuan added.

Having invested in Hoa Phat since 2008, Mr. Hao (right) from Cathay Life Vietnam was surprised by the high level of automation at the Hoa Phat Long An steel pipe factory.

Automation was what the group asked about the most while visiting the 4 workshops. Having invested in Hoa Phat since 2008, Mr. Hao from Cathay Life Vietnam could not hide his surprise: "The automation here is higher than I imagined, and there are very few workers on the floor. Raw materials are also fully used, and any leftovers are recycled. I believe Hoa Phat will keep up its quality, which is the most important factor. When quality stays strong, the market will naturally see the true value of the company.”

Mr. Nguyen Le Hung from Bao Viet Fund shared: "From the reports, we already knew Hoa Phat's numbers quite well, but we had to come here in person to truly feel the scale and how well it operates."

Stopping for a long time at the hot-dip galvanizing line and the finished goods warehouse, Mr. Nguyen Le Hung from Bao Viet Fund shared: "From the reports, we already knew Hoa Phat's numbers quite well, but we had to come here in person to truly feel the scale and how well it operates. The factory has not been open long, but all the steps are running very smoothly, and almost everything made is sold out quickly. Field trips like this help back up our investment choices and make us trust the Group’s project skills even more.”

Having trusted and invested in Hoa Phat for many years, and having visited the Dung Quat Complex in 2024, Mr. Nguyen Viet Anh, an analyst from MB Capital, rated the factory's size as large and its production lines as some of the most advanced in the industry. He felt the trip provided a lot of fresh updates compared to past announcements. For him, a big plus point was the amount of green trees around the factory grounds. This clearly shows their focus on green steel making, especially since the steel industry often faces environmental questions. He also mentioned that every time he visits a Hoa Phat factory, he feels amazed.

As a representative of the PYN Elite Fund, Ms. Tran Pham Ngoc Huyen (far left) looks forward to Hoa Phat's growth.

As a representative of the PYN Elite Fund, Ms. Tran Pham Ngoc Huyen shared: "Hoa Phat has always been one of the most professional and well-organized steelmakers. Coming here today, I see that the factory has reached a top level in Southeast Asia, not just in Vietnam. The factory just started running but is already operating at a very high capacity. This shows a huge demand for the products and that the management chose a very smart time to invest. I expect that in the next 1 to 2 years, Hoa Phat will hit new milestones in sales and profits.”

From an institutional investor's perspective, Mr. Ma Xuan Hai from Vietcombank's investment fund noted that Hoa Phat is meticulous in its business operations, transparent, cautious in its strategy, but highly effective in execution. According to him, the current steel pipe market share already reflects the product quality and brand value of Hoa Phat. With the advantage of scale, self-sourced raw materials, and the huge demand for infrastructure investment in Vietnam from now until 2030, he believes that the steel pipe segment in particular and Hoa Phat in general still have plenty of room to grow.

Mr. Ivan Lin, an Equity Sales Specialist from Jefferies, expressed: "When I return to Singapore, I will definitely introduce Hoa Phat to the investors there.”

The trip also left a strong impression on international investors. Visiting a Hoa Phat factory for the first time, Mr. Ivan Lin shared: “The most interesting thing to me is the very high level of automation; the factory is very clean and there aren't many workers directly on the floor. The factory also focuses on green energy by using solar power for production. It's great to see the steel pipe manufacturing process firsthand and realize how it all connects to Vietnam's infrastructure development plans. I've only been researching the Vietnamese market since late last year, so Hoa Phat is still a relatively new name to me, but after the conference and this tour, I have a very positive view. When I return to Singapore, I will definitely introduce Hoa Phat to the investors there.”

Domestic and foreign investors during their tour of the Hoa Phat Long An Steel Pipe Factory.

"The factory's scale is very impressive, but what caught my attention the most is that the entire project was funded 100% by equity, completely without using debt. Very few companies can build a large-scale factory like this without bank loans. This demonstrates Hoa Phat's excellent financial strength and increases investor confidence in HPG stock," said Ms. Che Thi Mai Trang, Research Director in charge of Industrials and Technology at HSC.

Hoa Phat is currently the largest steel pipe manufacturer in Vietnam with about 34.3% market share, owning a system of factories across all three regions along with a nationwide distribution network. Hoa Phat Long An steel pipe products have been and are being used in many infrastructure, transport, and key projects.