At the 2025 annual shareholder meeting of Hoa Phat Group, Chairman Tran Dinh Long stated that the company has proactively approached various enterprises in the automotive and transportation fields, not just VinFast, but also Thanh Cong, Thaco, and the Vietnamese railway industry. He emphasized that enhancing cooperation among private enterprises is an important task assigned by the government. Hoa Phat plans to focus on producing high-quality steel for end industries such as automotive and railways, despite currently low order volumes from domestic enterprises. Despite many market uncertainties, Hoa Phat asserted that it would not alter its business strategy, aiming for revenues of 170 trillion VND and a net profit of 15 trillion VND in 2025, with a 15% annual growth. The steel sector is expected to face numerous challenges due to factors like trade wars and unstable global economic conditions. Moreover, Hoa Phat intends to invest in steel production for major national projects and to complete new production furnaces.
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