The Hoa Phat Group has announced that it had received approval from Australia’s Foreign Investment Review Board to purchase an iron ore mine in the country.
Vietnam’s steel sector has witnessed strong development in terms of capacity, output, and products in the recent past.
Steel manufacturer Hoa Phat Group sold over 184,000 tonnes of steel pipes in the first three months of this year, a 27 percent increase against the same period last year and giving it the lead in market share, with 30.2 percent.