RoK firms seek partnership chances with Hoa Phat Group
A delegation of investors from the Republic of Korea (RoK) has visited Hoa Phat Group, one of the three largest steel producers in Vietnam, to seek partnership opportunities.
Hanoi (VNA) –A delegation of investors from the Republic of Korea (RoK) has visited Hoa PhatGroup, one of the three largest steel producers in Vietnam, to seek partnershipopportunities.
The delegation,including Kunam Kim, Global Securities Director of the KB Securities and Le ThiQuyen, Deputy General Director of KB Security Vietnam, visited two steel plantsof Hoa Phat in the northern province of Hung Yen.
The RoK firms showedinterest in the steel production process and technology of Hoa Phat as well asthe group’s growth prospects as its Dung Quat project completes.
Pham Thi Oanh,Director for Finance of Hoa Phat, said that the group is strong for its riverport system at Hai Duong steel integrated complex. The firm is developing asimilar system in Dung Quat complex, which is expect to handle ships withcapacity of up to 150,000 tonnes, she said.
The ports has helpedHoa Phat reduce cost and get convenience in import-export activities, whichpushes the firm up to top 50 biggest steel producers in the world, added Oanh.
She also highlightedthat Hoa Phat is using Italian technology, which is friendly to the environment.
As the Dung Quat steelcomplex becomes operation, Hoa Phat’s competitiveness is expected to significantlyincrease, she stressed, adding that the group has focused on intensiveprocessing and promoting added value of its products.
Currently, two majorproducts of Hoa Phat are construction steel and steel pipes.
In late April thisyear, Hoa Phat introduced high quality painted steel sheet to the market.
In early June 2018,Hoa Phat also introduced its potential to Thai investors, including One AssetManagement investment fund.-VNA
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Illustrative Image (Source: VNA) 
