Vietnamese steelmaker to manufacture containers next year
The first shipping containers under the Hoa Phat brand name will be delivered in Q2, 2022.
The first shipping containers under the Hoa Phat brand name will be delivered in Q2, 2022.
Prestressed steel cables are commonly used in large-scale projects such as bridges, railways, highways, multi-storey industrial buildings and stadiums.
The steel sheet manufacturer targets expanding its scale in the global market in the coming time.
The construction industry grew 4.5% year-on-year during the first six months of 2020, which was higher than the GDP growth rate of 1.8%.
Currently, local production of hot rolled coil, a key input material for cold-rolled steel and other pre-painted galvanized steel sheet, cannot meet domestic demand.
In 2019, the combined value of Vietnam’s top 50 most valuable brands reached over US$9.3 billion, according to Forbes Vietnam’s ranking.