South Korean investors seek for investment opportunities at Hoa Phat

On June 29th, the delegation of South Korean investors under the chairmanship of KB Securities (South Korea) visited and worked with Hoa Phat Group to exchange and seek opportunities for co-operation and investment.

Mrs. Pham Thi Kim Oanh, Chief Financial Officer of Hoa Phat Group, introduced the main business areas of the group, emphasising that Hoa Phat's key products are steel and steel pipes with leading market shares in Viet Nam. Particularly at the end of April 2018, Hoa Phat officially offered high quality colour coated steel sheet to the market. In its traditional business fields such as furniture, refrigeration and construction equipment, Hoa Phat also takes the lead in term of market share of office furniture, investment in agriculture and real estate.

Mrs. Pham Thi Kim Oanh, Chief Financial Officer of Hoa Phat Group introduced Hoa Phat Group’s main business areas to the South Korean delegation

Mr. Kunam Kim - KB's global stock manager, Mrs. Le Thi Quyen, KB Viet Nam's Deputy General Director and members of the delegation were very interested in Hoa Phat's steel production process from input materials, port system, seaport, application of output and market share as well as prospects of Hoa Phat when Hoa Phat Dung Quat Steel complex project is completed.

Answering the questions of the delegation, Mrs. Oanh said: Hoa Phat has the strength of the port system at the Hai Duong Iron and Steel Complex and is building a seaport in the Dung Quat Steel Complex. It can handle over 150,000 tonnes of vessels. This is an advantage for Hoa Phat to reduce costs, facilitating the import of raw materials as well as export products and also the project to put Hoa Phat Group into the top 50 largest steel producers in the world.

In terms of technology, Hoa Phat mainly uses closed steel production technology from iron ore with the technology of Danieli (Italy. The technology is environmentally friendly and can produce steel diameter D41 or more to serve constructions of large buildings, bridges, ports and tall buildings ... This is what the steel factory from scrap cannot do. Currently, most of the construction works from civil and infrastructure projects are marked by the Hoa Phat steel products. With top quality, Hoa Phat Steel has been selected for the construction of the first underground metro project in Ha Noi.

The delegation visited rolled steel and steel pipe factories at Hoa Phat Complex in Hai Duong Province

When Hoa Phat Dung Quat steel complex is completed, the competitiveness of Hoa Phat Steel will increase significantly due to the low investment rate and large seaports. The group also paid attention to deep processing and promotion of added value added chain such as post-tensioning steel, high quality steel, stainless steel, and galvanized steel.

After working at the head office, the delegation visited two rolled steel r and steel pipe factories in Hung Yen Province. Prior to that, in early June 2018, Hoa Phat also participated in the introduction with Thai investors, and receiving One Asset Management fund (Thailand) to seek investment co-operation and investment opportunities between the parties.

Nghi Tran – Hong Hanh