In the vibrant and rapidly growing steel industry of Vietnam, some manufacturers have risen to prominence as leaders in quality, innovation, and market reach. Vietnam’s steel mills have not only catered to domestic needs but have also positioned themselves as major players in the global market.

In this article, let’s explore the top 10 largest steel mills in Vietnam for 2025 with MRS Steel, helping you make an informed decision for your needs. Plus, at the end of the article, there’s a thoughtfully prepared gift for you—valued at $99—so don’t miss it!

Hoa Phat Group (HPG)

Vietnam’s Largest Steel Mill

Founded in August 1992, Hoa Phat Group has grown from a trading company specializing in construction machinery to a diversified industrial giant. Today, it holds the top spot in Vietnam’s steel industry, dominating the market share in construction steel and steel pipes.

With a market capitalization of $11 billion, Hoa Phat ranks among the top 15 steel mills globally. The company achieved remarkable success in 2022, with revenues reaching 142 trillion VND and after-tax profits exceeding 8.4 trillion VND.

Key achievements of Hoa Phat Group include:

• Producing 4.2 million tons of construction steel in 2022, marking a 10% increase year-on-year.
• Being one of only two steel mills in Vietnam capable of producing Hot Rolled Coils (HRC), a crucial material in the steel industry.

Hoa Phat’s leadership in innovation and efficiency solidifies its position as Vietnam’s steel industry leader.

Formosa Ha Tinh Steel Corporation (FHS)

The Largest FDI Steel Mill in Vietnam

Formosa Ha Tinh Steel Corporation represents the largest foreign direct investment (FDI) project in Vietnam’s steel sector. Spanning over 3,300 hectares in Ha Tinh province, Formosa boasts state-of-the-art facilities and a total investment of over $28 billion.

With a production capacity of 22.5 million tons annually (upon completing all phases), Formosa is a key player in Vietnam’s industrial growth. In 2022, its steel output reached 5.8 million tons, generating over $4 billion in revenue.

Formosa is also one of the first mills in Vietnam to produce HRC, playing a vital role in meeting domestic and export market demands. Its commitment to quality and technological advancement ensures its long-term growth and impact on the global steel market.

VAS Group

An Integrated Steel Ecosystem

Established in 1998, VAS Group is one of Vietnam’s most integrated steel manufacturers, owning steel mills and seaports. The company has a total annual capacity of 4.35 million tons of square billets and 2.5 million tons of construction steel.

VAS has positioned itself as a leader by leveraging its Nghi Son International Seaport in Thanh Hoa, providing logistical advantages that optimize costs and improve production efficiency. VAS utilizes world-class production lines from Danieli (Italy) to meet global standards like JIS (Japan) and ASTM (USA), ensuring top-notch product quality.

Hoa Sen Group

The Leader in Steel Sheets and Pipes

Hoa Sen Group was founded in 2001, specializing in producing galvanized steel sheets, zinc pipes, and plastic pipes. With a 33.1% share of the corrugated iron market and 20.3% of the steel pipe market in 2016, Hoa Sen remains a dominant player in Vietnam.

The company operates 11 factories and has 300 distribution branches serving over 70 countries globally. Hoa Sen’s focus on affordability and versatility makes its products highly popular both domestically and internationally.

Ton Dong A Corporation

A Pioneer in Color-Coated and Zinc-Coated Steel

Since its establishment in 1998, Ton Dong A Corporation has specialized in cold corrugated iron, zinc-coated steel, and color-coated products for the construction industry. Its investment in advanced European production lines has helped the company expand its product offerings and export markets.

Known for its commitment to quality and customer satisfaction, Ton Dong A has built a strong reputation, becoming one of Vietnam’s top steel producers.

Nam Kim Group

A Specialist in Galvanized Steel

Nam Kim Steel Joint Stock Company, founded in 2002, is a leader in producing galvanized steel sheets. The company is renowned for its state-of-the-art production facilities and focus on innovation.

Nam Kim’s products meet the highest quality standards, making them competitive in both domestic and international markets. In 2023, Nam Kim aims to achieve revenues of 20 trillion VND, a 13.5% increase from the previous year, reflecting its ambitious growth plans.

Southern Steel Sheet Co., Ltd (SSSC)

A Trusted Partner for Construction Materials

Established in 1995 as a joint venture with Sumitomo Corporation (Japan), SSSC specializes in roofing and construction materials. The company’s strict adherence to quality standards and focus on customer service have made it a trusted name in Vietnam’s construction sector.

TVP Steel Joint Stock Company

A Leader in Technological Innovation

TVP Steel focuses on galvanized and color-coated roofing sheets, steel plates, and pipes. By investing in advanced technology from renowned manufacturers like Tenova and Danieli, TVP has maintained its position as a technological leader in Vietnam’s steel industry.

TVP is committed to expanding its market share across Southeast Asia and beyond, strengthening its reputation as a reliable supplier of high-quality steel products.

SMC Trading Investment Joint Stock Company

A Versatile Player in Steel Distribution

With over 35 years of experience, SMC has grown from a small building materials store to a leading steel distributor and manufacturer. The company’s investments in automation and energy-efficient technologies ensure its products meet modern quality standards.

Tay Nam Steel

An Emerging Force in Steel Exports

Tay Nam Steel, established as an independent entity between 2016 and 2022, focuses on exporting high-quality galvanized steel, cold-rolled steel, and construction materials. The company has rapidly expanded its market reach to over 47 countries, including the US, Europe, and the Middle East.

Tay Nam’s emphasis on advanced technology and international standards has solidified its position as a rising star in Vietnam’s steel industry.

Conclusion

The top 10 steel mills in Vietnam for 2025 showcase the nation’s growing prominence in the global steel market. From established leaders like Hoa Phat Group to innovative players like Tay Nam Steel, these companies reflect Vietnam’s industrial strength and potential.

If you’re interested in learning more about these steel mills or purchasing steel products, fill out the form here for a comprehensive guide.

And don’t forget your gift—valued at $99—as a token of our appreciation for exploring Vietnam’s steel industry with MRS Steel!