Formal Ceremony Marks a Strategic Alliance

On May 20, 2025, the Vietnam Association of Mechanical Industry formally inducted Hoa Phat Group as its newest member. The ceremony, held at VAMI’s headquarters, featured Mr. Nguyen Chi Sang, Chairman of VAMI, personally presenting the membership certificate to Mr. Nguyen Viet Thang, CEO of Hoa Phat Group. Also present were VAMI’s Vice Chairmen, senior officials, and the Director of the Institute of Mechanical Engineering. The event was a milestone, reflecting a significant step toward deeper industrial collaboration within Vietnam’s mechanical engineering ecosystem.

Hoa Phat’s Industrial Footprint & Market Leadership

Hoa Phat Group has firmly established itself as Vietnam’s premier steel manufacturer, producing a diverse range of high-quality steel products. These products cater to numerous critical economic sectors such as automotive manufacturing, shipbuilding, oil & gas exploration, railway infrastructure, home appliances, and national defense. The Group’s steel is widely recognized for its reliability and performance, which has helped reduce Vietnam’s dependence on imported steel products. By joining VAMI, Hoa Phat aims to leverage this network to enhance product quality further, better align with industry demands, and expand its supply chain partnerships.

VAMI’s Historic Role in Vietnam’s Industrial Development

VAMI, with a 23-year legacy, has played an instrumental role in supporting Vietnam’s mechanical engineering sector. Under the leadership of Mr. Nguyen Chi Sang, the association has focused on key mechanical domains, including hydropower and thermal power mechanics, as well as automotive engineering. These sectors have been essential in bolstering national economic security and infrastructure development. In welcoming Hoa Phat, Chairman Nguyen Chi Sang highlighted the Group’s impressive capability to independently produce mechanical engineering steel, thus substituting imports and bolstering Vietnam’s industrial sovereignty.

Enhancing Collaboration Across the Mechanical Engineering Supply Chain

Joining VAMI offers Hoa Phat the opportunity to deepen its collaboration with other industry stakeholders. Through VAMI’s platform, the Group plans to engage in experience sharing, keep pace with emerging market trends, and forge strategic alliances across the mechanical engineering supply chain. This collaboration is expected to accelerate the innovation cycle for mechanical engineering steel products and enhance Vietnam’s ability to compete globally. The association’s members have also expressed great enthusiasm for an upcoming visit to Hoa Phat’s state-of-the-art Dung Quat Integrated Complex scheduled for early June, which is seen as a move to foster stronger ties and showcase the Group’s manufacturing capabilities.

CEO Nguyen Viet Thang’s Vision: Innovation & Sustainability

Nguyen Viet Thang, CEO of Hoa Phat Group, shared that the development of high-quality mechanical engineering steel is a core pillar of the Group’s long-term strategy. He stressed Hoa Phat’s commitment to continuous innovation, product diversification, and supporting the country’s drive towards a modern, self-reliant industrial base. The CEO emphasized that Hoa Phat intends to set new benchmarks in product quality and sustainability, reinforcing its pioneering role among private enterprises in advancing Vietnam’s national industrialization agenda.

National Policy Framework Supporting Private Sector Growth

Vietnam’s Resolution 68-NQ/TW formally recognizes the private sector as a major engine for economic growth and industrial development. The resolution encourages enterprises to build linkages along industry value chains and supply chains, particularly in supporting and processing-manufacturing sectors. It places large private enterprises at the forefront of leading and strengthening domestic supply chains. Hoa Phat’s accession to VAMI aligns with this national policy directive, positioning the Group to spearhead private sector contributions to Vietnam’s industrial modernization and economic resilience.

Resolution 68-NQ/TW as a Catalyst for Industrial Breakthrough

Hoa Phat’s leadership views the resolution as a transformative policy that will empower private companies to overcome structural challenges, increase domestic production capacity, and improve technology adoption. By embracing this framework, Hoa Phat aims to foster a collaborative industrial environment, accelerate the adoption of sustainable practices, and contribute meaningfully to Vietnam’s position as a competitive industrial hub within Southeast Asia.

Future Prospects & Industrial Synergies

The partnership between Hoa Phat and VAMI signals a promising future for Vietnam’s mechanical engineering sector. This alliance is expected to boost industrial capacity, improve product standards, and enhance Vietnam’s self-sufficiency in steel supply. The upcoming visit to the Dung Quat Integrated Complex will provide VAMI members firsthand insight into Hoa Phat’s advanced production technologies and environmental management efforts, further consolidating cooperation to achieve national industrial goals.

Key Takeaways

• Hoa Phat Group’s VAMI membership strengthens collaboration and supply chain integration in Vietnam’s mechanical engineering industry.

• The partnership aligns with Resolution 68-NQ/TW, promoting private sector leadership in industrial supply chains and economic growth.

• CEO Nguyen Viet Thang highlights innovation, sustainability, and product diversification as key to Vietnam’s industrial self-reliance.