VAS breaks through to Top 3 Biggest Steel Producers

Having overcome complex market changes in 2022, VAS Group enjoyed a spectacular rise in the VNR500 ranking [Top 500 Biggest businesses in Vietnam], standing among the Top 3 Biggest Steel Producers in Vietnam in 2022 and ranking 16th in the Private Businesses group.

Breakthrough in the VNR500 charts – VAS Mind of Steel overcomes “Eye of the Storm"

After 16 years, the VNR500 charts gradually became the report most anticipated by the business community and is considered as the official “benchmark” for the growth rate of a business in terms of stature, size, and operational effectiveness.

VAS Group rose spectacularly in the VNR500 charts in 2022.

This year, the charts record the spectacular breakthrough by the VAS Group as it rose to number 41 in the Top 500 Biggest Businesses in Vietnam [a remarkable 39-point rank promotion from 2021]. Within the Private Businesses group, VAS stood at number 16, an 18-point promotion after merely a year. 2022 was also the first time that VAS held the position as the Top 3 steel producers in Vietnam.

With the outcome of the VNR500 report, the VAS Group is proud to have been rightfully recognized for its large scale and effective and stable operations. “The business demonstrated strong willpower and overcame multiple challenges ranging from the international context to the domestic market”, said the representative of the VNR500 Organizer.

In light of the uncertain changes in the prices of energy and input materials and the global inflation wave, the growth of VAS is a true testament to the correctness of the strategic direction of the Board of Executives as well as the tireless efforts of the team comprising of nearly 6,000 individuals that carried the steadfast “Mind of Steel”. The emphasis on improving products and technologies, maintaining “Trust” in conducting business, and accompanying customers and partners has helped the VAS Group to remain Steadfast in its journey to sustainable development.

2022 was also a landmark year that witnessed many other proud achievements of the VAS Group, including the Award for the Top 10 Outstanding Products and Goods of the Thanh Hoa Province in 2022; Top 50 Sustainable Development Businesses in 2022, and especially the 2022 Vietnam Value Award. These achievements inject new impetus for the business to continue firmly on the path to “Advance the Viet Spirit.”

“The Mind of Steel” achieved new heights

Founded in 1998, VAS is currently among the few corporations that possess outstanding production capacity with its completed ecosystem of production factories and international port and an annual capacity of 4.35 million tons of square steel billets and 2.5 million tons of construction steel. The international port services and logistics sector not only helped to optimize operational costs for the Group but also fostered import-export of goods in the North-Central area in general. The establishment of the Nghi Son International Port [Thanh Hoa] brought about competitive advantages in the supply chain and helped VAS to confidently satisfy all demands in the production, quality, and pace of the delivery of goods.

5 steel smelting and rolling companies contribute to the
outstanding production of VAS that satisfies market demands.

The Board of Executive attaches great importance to the improvement and upgrade of technologies and ensuring sustainable development. The VAS Group possesses the world’s top production chain from Daniely [Italy] – one of the leading corporations in the production of steel smelts and rolled steel; together with an advanced and scientific production process that strictly adheres to European standards. Hence, VAS steel products are highly regarded for their brand and quality as they satisfy even the strictest standards in the world, such as the Japanese standard [JIS] and the American standard [ASTM].

With its “Mind of Steel” philosophy, the VAS Group strives to harmonize its core values and reinforce its Mind of Steel to create the internal strengths of the business. Thousands of passionate hands and minds stand ready to set the highest aims and challenges and courageously overcome themselves to elevate their position, mark their value, as well as the willpower of Vietnamese steel to conquer the world.

In a quarter of a century, the “VAS steel flag” not only covers the country but also flies across the continents. It is the VAS “Mind of Steel” that contributes to the enduring frameworks of tens of thousands of iconic projects that stretch across the S-shaped country and make a name for Vietnamese steel in Japan, Korea, Cambodia, Singapore, Indonesia, Malaysia, the Philippines, China, Cuba, all the way to Switzerland and Guatemala [Central America].

VAS Steel heads out to the great seas and conquers
the demanding markets of Central America.

The spectacular breakthrough in the ranking of the Top 500 Biggest Businesses in Vietnam fuels the passion for the VAS team to firmly charge ahead. The journey to “Advance the Viet Spirit” still has many obstacles and challenges, nevertheless, the VAS personnel still upholds the “Mind of Steel”, firm internal strengths, and adamant in conquering new heights to make its nation proud, become worthy of the Vietnam Value title as well as the confidence and love from our customers and partners both within and outside the country.

Sources:

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VAS breaks through to Top 3 Biggest Steel Producers

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