HANOI, VIETNAM – VinMetal is launching with an initial investment of VND 10 trillion (approx. USD 380 million), with plans to build a high-tech industrial steel production complex in V\u0169ng \u00c1ng, H\u00e0 T\u0129nh. Phase 1 will have a capacity of around 5 million tons per year.\n<\/p>\n The company will focus on producing steel products for civil construction, including hot-rolled steel, high-strength steel, and specialized alloy steels for electric vehicles and high-speed transportation infrastructure. Its flagship products will include high-quality sheet steel and stamped automotive body steel, as well as international-standard rails and structural steel for bridges, ports, and railways, targeting import substitution and future exports to regional markets.\n<\/p>\n VinMetal will initially prioritize supplying materials for Vingroup’s core sectors such as Vinhomes real estate and VinFast electric vehicles. In addition, the company seeks to secure high-quality steel supply for major projects in industry, energy, and transportation currently under research and proposal, including the North-South high-speed railway, the HCMC-C\u1ea7n Gi\u1edd line, and the H\u00e0 N\u1ed9i-Qu\u1ea3ng Ninh route.\n<\/p>\n In the long term, VinMetal aspires to become a leader in green steel production in Vietnam, applying carbon-reducing technologies and reusing energy from renewable sources. This will not only advance the domestic metallurgy industry but also promote the growth of Vietnam’s heavy industry as a whole.\n<\/p>\n Nguy\u1ec5n Vi\u1ec7t Quang, Vice Chairman and CEO of Vingroup and concurrently CEO of VinMetal, stated: <\/b>“VinMetal is not just a steel plant. It represents a strategic preparation for a modern, green, and sustainable infrastructure future for Vietnam. At Vingroup, we believe that proactively developing foundational industries will help our country enter a new growth era, where Vietnamese people master technology, materials, and the execution of national-scale projects.”<\/i>\n<\/p>\n The establishment of VinMetal marks another milestone in Vingroup’s development strategy across its five business pillars: Industrials & Technology; Real Estate & Services; Infrastructure; Green Energy; and Social Enterprises.\n<\/p>\n Belonging to the Industrials and Technology pillar, VinMetal also serves as a foundational element directly supporting the Infrastructure pillar, where Vingroup is expanding investments in high-speed railways, bridges, ports, and logistics. Domestic steel production will not only ensure material supplies for these large-scale projects but also strengthen Vietnam’s heavy industry capabilities, enhance national competitiveness, and elevate Vietnam’s global standing.\n<\/p>\n With this new step, Vingroup reaffirms its commitment to contributing to the nation, while advancing its industrial, energy, and infrastructure value chain toward sustainable and long-term prosperity for Vietnam.\n<\/p>\n Hashtag: <\/b>#Vingroup #VinMetal <\/p>\n
\nMedia OutReach Newswire<\/a> – 6 October 2025 –
\n Vingroup<\/a> today announced the establishment of VinMetal Joint Stock Company for Manufacturing and Trading, officially entering the metallurgy industry and expanding its existing Industrials & Technology pillar. The new company aims to meet the internal material needs of Vingroup’s ecosystem while contributing to the development of Vietnam’s heavy industry.<\/i><\/b><\/p>\n![\"Photo](\"https:\/\/images.media-outreach.com\/683671\/Photo-1-.jpg#image-683671\")
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