Top Vietnam Steelmaker Says Local Building Boom Will Fuel Growth
Vietnam's top steelmaker Hoa Phat Group is counting on the nation's rising economic growth and massive infrastructure projects from railways to seaports to fuel the company's expansion and cushion any fallout from US tariffs.
The company targets 15% annual revenue growth in the 2025-2030 period, Chief Executive Officer Nguyen Viet Thang said in an interview. That would take Hoa Phat's revenue to about 325 trillion dong ($12.5 billion) by 2030, based on Bloomberg calculations using the projection. Last year, it recorded revenue of 140.56 trillion dong.
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