Vietnam has emerged as one of Southeast Asia's largest steel-consuming economies, driven by rapid industrialization, infrastructure development, manufacturing expansion, and increasing foreign direct investment. According to the latest Vietnam iron and steel import data, the country imported approximately 16.09 million metric tons of iron and steel under HS Code 72 in 2025, valued at US$11.21 billion. Although imports declined by 9.16% in volume and 10.9% in value compared to the previous year, Vietnam remains one of the world's largest steel importers, reflecting the continued importance of imported raw materials for construction, engineering, automotive manufacturing, shipbuilding, and heavy industries.

As Vietnam strengthens its position as a regional manufacturing hub, global suppliers increasingly rely on Vietnam trade data and Vietnam import data to identify active buyers, monitor sourcing trends, and evaluate market opportunities. Access to verified Vietnam iron and steel importers helps exporters connect with qualified companies that regularly purchase steel products from overseas markets.

Vietnam's Steel Industry Continues to Depend on Imports

Despite expanding domestic steel production, Vietnam still imports significant volumes of flat-rolled steel, alloy steel, stainless steel, billets, hot rolled coils (HRC), cold rolled coils (CRC), galvanized steel, and specialty steel products that are either unavailable locally or required for higher-end industrial applications.

The country's steel imports primarily support:

• Infrastructure and public construction projects
• Residential and commercial real estate
• Automotive manufacturing
• Heavy engineering
• Industrial machinery
• Shipbuilding
• Renewable energy projects
• Electrical equipment manufacturing

With demand expected to remain strong over the long term, Vietnam continues to be an attractive destination for international steel exporters.

Top Vietnam Iron and Steel Importers in 2025

Below are some of the leading companies importing iron and steel products into Vietnam, based on shipment activity and estimated annual procurement volumes.

1. Hoa Phat Group (Hòa Phát Group)

• Approximate import value (2025): US$1.5 billion
• Major imported products: Iron ore, hot rolled coil (HRC), alloy steel, steel billets
• Main sourcing countries: Australia, Brazil, China

As Vietnam's largest steel producer, Hoa Phat imports substantial volumes of raw materials to support its integrated steel manufacturing operations and growing domestic production capacity.

2. Hoa Sen Group

• Approximate import value (2025): US$850 million
• Major imported products: Hot rolled steel coils, galvanized steel substrate, stainless steel
• Main sourcing countries: China, Japan, South Korea

Hoa Sen remains one of Vietnam's leading manufacturers of coated steel products and roofing materials, making it one of the country's largest steel importers.

3. Nam Kim Steel JSC

• Approximate import value (2025): US$500 million
• Major imported products: Hot rolled coils, cold rolled steel, coated steel
• Main sourcing countries: China, Japan, Indonesia

Nam Kim continues expanding exports while importing premium-quality flat steel products for downstream processing.

4. Formosa Ha Tinh Steel Corporation

• Approximate import value (2025): US$450 million
• Major imported products: Iron ore, metallurgical coal, alloy steel materials
• Main sourcing countries: Australia, Brazil, Canada

The company imports large quantities of raw materials to operate one of Southeast Asia's largest integrated steel complexes.

5. Pomina Steel Corporation

• Approximate import value (2025): US$300 million
• Major imported products: Steel scrap, billets, alloy steel
• Main sourcing countries: United States, Japan, Australia

Pomina serves Vietnam's construction sector by importing raw materials for reinforcing steel and structural products.

6. Vietnam Steel Corporation (VNSTEEL)

• Approximate import value (2025): US$280 million
• Major imported products: Steel billets, flat steel products, specialty steel
• Main sourcing countries: China, Japan, South Korea

VNSTEEL supplies a wide range of industrial and construction steel products across Vietnam.

7. Ton Dong A Corporation

• Approximate import value (2025): US$250 million
• Major imported products: Hot rolled coils, zinc-coated steel, color-coated steel substrate
• Main sourcing countries: Japan, China, South Korea

Ton Dong A imports high-quality steel substrates used in roofing, construction, and industrial manufacturing.

8. POSCO Vietnam Co., Ltd.

• Approximate import value (2025): US$200 million
• Major imported products: Cold rolled steel, stainless steel, automotive-grade steel
• Main sourcing countries: South Korea, Japan

POSCO Vietnam focuses on supplying premium steel for automotive and industrial manufacturing sectors.

9. Vina Kyoei Steel Co., Ltd.

• Approximate import value (2025): US$180 million
• Major imported products: Steel scrap, billets, reinforcing steel raw materials
• Main sourcing countries: Japan, United States

The company specializes in reinforcing bars and structural steel used in Vietnam's construction industry.

10. China Steel & Nippon Steel Vietnam (CSVC)

• Approximate import value (2025): US$150 million
• Major imported products: Hot rolled coils, cold rolled coils, coated steel
• Main sourcing countries: Taiwan, Japan, China

CSVC primarily imports high-grade flat steel products serving automotive and industrial customers.

Vietnam's Steel Import Market Shows Changing Supply Patterns

The latest Vietnam iron and steel import data reveals significant changes in sourcing strategies during 2025. While China remained Vietnam's largest supplier, accounting for more than half of total imports under HS Code 72, imports from China declined sharply as Vietnamese buyers diversified procurement across other Asian markets.

Indonesia emerged as the fastest-growing supplier, recording exceptional growth in both shipment volume and market share. Japan maintained its position as a reliable supplier of premium steel, while South Korea continued expanding exports of high-value industrial steel products.

This diversification helps reduce supply-chain risks while providing Vietnamese manufacturers with greater pricing flexibility.

Growing Opportunities Under HS Code 72

Vietnam continues investing heavily in industrial development, trade infrastructure, manufacturing, and urban construction. These investments are expected to sustain long-term demand for imported:

• Hot rolled coils
• Cold rolled coils
• Stainless steel
• Alloy steel
• Steel billets
• Structural steel
• Galvanized steel
• Engineering-grade steel

International suppliers offering competitive pricing, consistent quality, and reliable delivery schedules remain well-positioned to expand their presence in Vietnam.

Conclusion

The latest Vietnam iron and steel import data confirms that Vietnam remains one of Asia's most important steel import markets despite a temporary slowdown in overall import volumes during 2025. Imports worth US$11.21 billion under HS Code 72 continue supporting the country's expanding manufacturing base, infrastructure projects, and industrial growth.

Leading Vietnam iron and steel importers such as Hoa Phat Group, Hoa Sen Group, Nam Kim Steel, Formosa Ha Tinh Steel, and VNSTEEL continue sourcing large volumes of steel products from Australia, Brazil, China, Japan, South Korea, Indonesia, and other global suppliers.

For steel manufacturers, exporters, and traders, leveraging detailed Vietnam trade data and Vietnam import data provides valuable insights into buyer activity, sourcing trends, shipment history, and market demand. Contact [email protected] for the latest databases & customized trade reports. 

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