10:24:08 AM | 5/8/2025
Since its establishment in 1994, Vinausteel Co., Ltd, originally known as Vinausteel Steel Manufacturing Joint Venture Company, has constantly endeavored to address all difficulties to strengthen its market position and actively contribute to the country’s economic development. In November 2024, on its 30th anniversary, the company was honored to be presented the “Construction - Innovation - Integration - Development” Flag from the government of Hai Phong City where it is headquartered, marking its challenging journey.
Vinausteel Co., Ltd is honored as one of the 500 largest enterprises in Vietnam in 2024 (VNR500)
Ongoing innovation and development
Vinausteel was established to supply high-quality steel products for construction and infrastructure development in Vietnam. At first, the company was very modest in size. With a strategic vision and unceasing determination, Vinausteel has risen to become one of the Top 500 largest businesses and 500 fastest growing businesses in Vietnam. Although 2025 is forecasted to be challenging, Vinausteel is still confident in setting an impressive output target of 320,000 tons and revenue of over VND4,800 billion.
Hai Phong City, where Vinausteel is headquartered, is also the starting place for its development journey and plays a particularly important role in its success. The well-located city is a gateway to the sea for Vietnam, the largest seaport in the north and a major industrial center of the country. Since the 1990s, Hai Phong has initiated many strong development strategies, especially in industrial and export sectors, and created an ideal environment for businesses like Vinausteel to thrive.
Besides, with good infrastructure and effective business support policies, Hai Phong has become an ideal destination for investors and businesses like Vinausteel to develop production and reach the international market. Moreover, the presence of many industrial parks and large seaport systems along with a young, dynamic workforce has offered a solid foundation for Vinausteel’s development.
Innovative thinking and business strategy has helped Vinausteel grow powerfully. The company has constantly enhanced its product quality and applied modern, advanced technologies to production. Achieving ISO 9001 certification, one of the strict international standards for quality management, has affirmed Vinausteel’s commitment to supplying steel products that not only meet domestic demand but can also reach out to the world.
Vinausteel always focuses on improving production processes, optimizing costs, and enhancing environmental protection factors in steel production. The company has invested heavily in modern machinery and equipment systems to enhance productivity and work performance. These efforts not only help the company maintain its competitive position but also create a professional, dynamic and creative working environment for its employees.
Vinausteel’s construction steel products such as steel coils, ribbed steel bars and concrete reinforcement steel bars are supplied not only to civil construction and infrastructure construction but also to key national projects. Vinausteel branded products are always highly appreciated by customers for their quality, sustainability and safety.
Throughout more than 30 years of development, Vinausteel has affirmed its position as one of the leading construction steel firms in Vietnam. With a nationwide customer network and increasingly trusted product quality, the company has constantly made innovations to keep up with modern industrial development trends.
Vinausteel’s honor of being recognized as the Vietnam Value is not only a testament to the company's capacity, reputation and sustainable development, but also a point of pride and an affirmation of the Vietnamese spirit and intelligence in heavy industries. This noble title is motivational for Vinausteel to further pursue its core values - Prestige, Dedication and Innovation - to advance with the dynamic development of Hai Phong City - a resilient land where many projects start their far-reaching ambition.
Persistently pursuing sustainable development goals
Vinausteel always couples business development with community and social development. The company not only creates high-quality products but also actively contributes to social activities and environmental protection. The firm has launched many environmental protection programs, minimized negative impacts on nature, and at the same time provided job opportunities for thousands of workers, especially in Hai Phong and neighboring areas. Vinausteel also focuses on building and developing long-term relationships with partners. The company is committed to delivering not only quality steel products but also the core values of trust and prosperity.
In nearly seven decades of development (1955 - 2025), Hai Phong has gradually become one of the most important economic centers in northern Vietnam. The city advances industrialization and modernization, strongly attracts domestic and foreign investors, and empowers the sustainable development of local companies. This development is clearly seen in the Vinausteel journey. Businesses, including Vinausteel, have taken full advantage of the city's support policies, complete infrastructure and friendly investment environment to grow and create high-value products for society.
Vinausteel Co., Ltd. has been on the path of strong development. Its achievements on this long journey result from the continuous efforts of all employees and the solidarity and creativity of the leadership. The "Construction - Innovation - Integration - Development" Flag awarded by the Hai Phong People's Committee is a worthy recognition of Vinausteel's great contributions to the local and national economy.
Looking to the future, Vinausteel will continue to aim for sustainable development, expand the market, improve product quality and develop new solutions in steel manufacturing. The company is committed to making continuous efforts to not only maintain its leadership in the industry but also bring long-term value to customers, partners and the community.
Vinausteel will continue to pursue the path of innovation and work hard to become a symbol of prosperity, quality and trust in the Vietnamese steel industry.
By Ngo San, Vietnam Business Forum
Vietnamese
