Vietnam: Hoa Phat’s steel pipes output increases 10% y-o-y in CY ’20

Hoa Phat Steel Pipe produced around 820,000 t of steel pipes in the year of CY ’20, up 10% against CY ’19. The company supplied 90,000 t steel pipes to the domestic and foreign markets in Dec ’20. With a nationwide factory capacity of 1 mn t pa, Hoa Phat Steel Pipe is the largest steel pipe producer in Vietnam. In CY ’21, the company targets to achieve sales volume of 920,000 t, an increase of 12% compared to CY ’20.