Vingroup’s 10 trillion dong steel venture to supply materials for rails, EVs, real estate

Vingroup sets up $380 million steel company

The new company aims to meet the internal material needs of Vingroup's ecosystem while contributing to the development of Vietnam's heavy industries. VinMetal is launching with an initial investment of VND10 trillion (approximately $380 million), with plans to build a high-tech industrial steel production complex in the central province of Ha Tinh. Phase 1 will have a capacity of around five million tonnes per year. The company will focus on pro…

Vingroup’s 10 trillion dong steel venture to supply materials for rails, EVs, real estate

VinMetal will initially prioritise supplying materials for the conglomerate’s ecosystem, such as Vinhomes real estate projects and VinFast EVs