Vietnam
EnglishVAS Group Nghi Son Joint Stock Company [VAS Group] has excellently entered the 80th overall ranking, of the 34th in the private sector, and the 5th in the steel production sector in Vietnam in the VNR500 ranking.
The VNR500 ranking was announced by Vietnam Assessment Report Joint Stock Company [Vietnam Report] in collaboration with VietnamNet Newspaper based on independent research and evaluation results according to international standards. The ranking recognizes and honors worthy achievements of large-scale enterprises, maintaining efficient and stable production and business activities, and overcoming the pandemic.
Photo: Announcement ceremony of Top 500 largest enterprises
in Vietnam in 2021 | VNR500
Approximately 25 years established and developed, VAS Group consists of a system of billet and steel rolling factories with a total annual capacity of 4,45 million tons of square billet; 2,55 million tons of construction steel and seaport system, area of 33ha with 06 wharves with rated capacity of 15 million tons of cargo/year.
VAS factory system is invested in modern technology lines of DANIELI, one of the world's leading industrial groups in the field of iron and steel production.
Photo: Overview VAS Nghi Son Factory | Thanh Hoa Province
Along with output growth, VAS is always a pioneer in applying the world's modern and advanced management solutions to business operations to meet the maximum requirements for product quality and operational management. Actions aimed at the strategy of expanding export markets in the present and the future.
In July 2021, VAS Group officially exported the first commercial steel shipment to the Japanese market, marking an important milestone in the journey to conquer the Asian market. Up to now, VAS is the second steel brand in Vietnam to successfully conquer this market.
On January 12, 2022, VAS Group successfully held the Groundbreaking Ceremony of Steel Rolling Factory Project No. 2 [NMLCT No. 2] with an investment of VND 8.000 billion. Operational work of NMLCT No. 2, upgrading VAS capacity increased by 3 million tons/year, of which: 1,5 million tons/year will be produced into 1,5 million tons/year. Together with the No. 1 refinery, Nghi Son International Port, and the No. 2 refinery completed and put into operation, it will create jobs for over 5.000 workers in Nghi Son economic zone and contribute to the budget of Thanh Hoa province from 3 to 4.000 billion VND per year.
Overcoming the difficulties of the pandemic, these are proud achievements that demonstrate the determination and patient of VAS Group with the faith and ourselves choice.
In addition to the factory system, VAS continues to expand investment in the seaport system and the port logistics area to create a complete ecosystem and optimize operating costs for businesses. VAS considers this a long-term strategy to help Vietnamese enterprises deeply participate in the regional value chain, and at the same time affirm the position of Vietnamese enterprises in the international area.
Nghi Son International Port Project [VAS Port] invested by VAS Group since 2015 until now, infrastructure has been implemented and completed on an area of 33 ha; 06 wharves [No. 1, 2, 2A, 3, 4, 5] are under operation with a total length of 1.397m, capable of receiving general cargo ships of up to 70.000 DWT, carrying container loads to 30.000 DWT, liquid cargo ships up to 70.000 DWT.
Photo: Nghi Son International Port | Thanh Hoa Province
This is also the first seaport in the North Central region to deploy the service of receiving and operating international container ships. The open container ship routes to Nghi Son are especially important for the economic development of Thanh Hoa province and the North Central region because it is an important premise for attracting investment in industrial projects in this potential area. This event made Nghi Son a landmark and Nghi Son International Port is widely known in the international trade community.
Source: VAS
