Vietnamese steel manufacturer Hoa Phat Group announced the establishment of Hoa Phat Iron and Steel Joint Stock Company with a registered capital of VND 39 trillion, which will be responsible for the investment, production, and trade of construction steel.
In addition, Hoa Phat Steel Pipe and Color-coated Steel Joint Stock Company was established with a registered capital of VND 3.5 trillion, responsible for the investment, production, and trade of steel pipes and colored galvanized steel sheets.
The group announced on December 10 last year to restructure its organizational model by establishing companies responsible for all business areas of the group.
Source: YIEH
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