On August 13, 2025, India announced that Hoa Phat would not be subjected to anti-dumping tariffs on hot-rolled steel products (HRC). Hoa Phat’s dumping margin is between 0-10%, while other companies face tariffs of $121.5/ton with dumping margins of 20-30%. This provides favorable conditions for downstream businesses to export to India without obstacles. Hoa Phat is the largest steel producer in Vietnam, with a projected capacity of 16 million tons/year, focusing on hot-rolled steel products. Hoa Phat was also exempted from anti-dumping tariffs by the EU in July 2025. In Q2 2025, Hoa Phat’s revenue reached 36 trillion VND, with a net profit of 4.3 trillion VND, growing 5% and 23% respectively compared to last year.
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