FORMOSA HA TINH STEEL CORPORATION

FORMOSA HA TINH STEEL CORPORATION (FHS) is one of Vietnam’s largest foreign-invested enterprises in the steel manufacturing sector. Established on June 12, 2008, the company operates as a one-member limited liability company with Business ID: 3000437821 and is registered under the Ha Tinh Province Department of Planning and Investment. Located in Vung Ang Economic Zone, Ky Anh Town, Ha Tinh Province, the company is a subsidiary of Formosa Plastics Group, headquartered in Taiwan.

Management and Key Personnel

The leadership of FORMOSA HA TINH STEEL CORPORATION consists of:

• Chairman: Mr. Chang, Fu-Ning (Taiwanese)
• General Director: Mr. Chen, Chun-Liang (Taiwanese)

These key executives oversee the company’s large-scale steel production and expansion projects.

Financial Overview

FORMOSA HA TINH STEEL CORPORATION has a significant economic footprint, with the following financial highlights for 2023:

• Total Assets: USD 10.53 billion (-5% YoY)
• Total Sales: USD 3.84 billion (-1.5% YoY)
• Equity: USD 4.25 billion (-10.96% YoY)
• Profit: USD -641.5 million (indicating a net loss)

Despite the financial challenges, the company continues to expand, with investments in additional blast furnaces to increase production capacity.

Business Operations

FORMOSA HA TINH STEEL CORPORATION specializes in the manufacture of iron, steel, and cast iron, as well as electric power generation, cement production, and hazardous waste treatment. Its integrated steel mill is one of the most advanced in the region, supporting Vietnam’s growing demand for steel in construction and infrastructure projects.

Risk Management and Future Outlook

Given its scale and environmental responsibilities, FORMOSA HA TINH STEEL CORPORATION must prioritize risk management, ensure compliance with business information regulations, and maintain transparency in its financial data. Vanguard Business Information LLC (VNBiS) provides crucial insights into these areas, helping companies navigate regulatory landscapes while optimizing financial performance.

FORMOSA HA TINH STEEL CORPORATION remains a critical player in Vietnam’s industrial sector, with ongoing expansion efforts aimed at securing its position as a leading steel producer in Southeast Asia.