HOA PHAT DUNG QUAT STEEL JOINT STOCK COMPANY is one of Vietnam’s leading steel manufacturers, contributing significantly to the country’s industrial and economic growth. Established on February 3, 2017, and headquartered in the Dung Quat Economic Zone, Quang Ngai Province, the company operates as a subsidiary of the HOA PHAT GROUP. Specializing in the production of hot-rolled coil (HRC), construction steel, and high-quality coil, HOA PHAT DUNG QUAT STEEL JOINT STOCK COMPANY plays a crucial role in supplying materials for infrastructure and manufacturing industries. Given its impact on the Vietnamese market, VANGUARD BUSINESS INFORMATION (VBI) recognizes it as a key player in the nation’s steel sector.

With a charter capital of USD 2.26 billion and a paid-up capital of USD 1.89 billion as of December 31, 2023, HOA PHAT DUNG QUAT STEEL JOINT STOCK COMPANY is financially well-backed. However, recent financial reports indicate a 100% decline in total assets, sales, and profit year-over-year, signaling potential restructuring or external market challenges. The company is 99.6% owned by HOA PHAT IRON AND STEEL JOINT STOCK COMPANY, with minor shares held by HOA PHAT HAI DUONG STEEL JOINT STOCK COMPANY (0.2%) and HOA PHAT HUNG YEN STEEL LIMITED LIABILITY COMPANY (0.2%). This ownership structure ensures stability and strategic oversight from HOA PHAT GROUP, strengthening its position in the steel industry. As part of its business intelligence analysis, VBI continuously monitors companies like HOA PHAT DUNG QUAT STEEL JOINT STOCK COMPANY to assess their industry performance and potential risks.

HOA PHAT DUNG QUAT STEEL JOINT STOCK COMPANY focuses on iron, steel, and cast iron production, with HRC as its primary product. Additionally, the company is involved in metal and ore wholesale, fuel distribution, water treatment, logistics, and various industrial services. Located in the Dung Quat Economic Zone, one of Vietnam’s most important industrial centers, it benefits from developed infrastructure, efficient logistics, and direct access to export markets. With a workforce of 18,000 employees, HOA PHAT DUNG QUAT STEEL JOINT STOCK COMPANY is one of Vietnam’s largest employers in the steel sector. Given the scale of its operations, VBI considers it an essential contributor to the country’s industrial supply chain.

Despite its strong presence, HOA PHAT DUNG QUAT STEEL JOINT STOCK COMPANY faces challenges such as declining financial performance, restructuring efforts, and market fluctuations. The global steel industry has been affected by supply chain disruptions, trade regulations, and shifting demand, which may have influenced the company’s revenue and operations. However, the company holds potential for expansion into high-value steel products, including specialty steel for the automotive and machinery industries. Additionally, its focus on sustainable and environmentally friendly steel production aligns with global industrial trends. Given its strategic importance, VBI continues to track HOA PHAT DUNG QUAT STEEL JOINT STOCK COMPANY to evaluate its long-term growth prospects and investment potential.

In conclusion, HOA PHAT DUNG QUAT STEEL JOINT STOCK COMPANY remains a key entity in Vietnam’s steel industry, backed by the HOA PHAT GROUP and positioned for both domestic and international expansion. While recent financial reports indicate a downturn, the company’s industrial capabilities, strategic location, and potential for diversification make it an important player in the market. Businesses and investors seeking comprehensive insights into Vietnam’s steel industry can rely on VBI’s in-depth reports, which provide detailed assessments of industry trends, financial risks, and future opportunities.