VinMetal Production and Trading Joint Stock Company, a newly established steel enterprise within the Vingroup ecosystem, has increased its charter capital from 10 trillion VND to 15 trillion VND by adding 5 trillion VND in cash contributions from shareholders.

Although it has been operating for just over a month, the capital increase places VinMetal among the largest steel companies in Vietnam by charter capital, surpassing several established names such as Hoa Sen, Nam Kim, and VNSteel, and ranking only behind Hoa Phat and Formosa Ha Tinh in terms of capital size.

VinMetal was established as part of Vingroup’s strategy to expand into metallurgy, aiming to supply high-quality steel materials for projects within the group's ecosystem, including real estate, electric vehicle manufacturing, and major national infrastructure developments.