VinMetal, the steel manufacturing arm of Vietnam's Vingroup conglomerate, signed a strategic Memorandum of Understanding (MoU) with Primetals Technologies in Hanoi on May 7, 2026, to develop a large integrated steel complex in Ha Tinh capable of producing both long and flat steel products.

The greenfield facility will have two specialized production lines utilizing an LD converter (BOF), a ladle furnace, and casting technologies to manufacture wire rods, rebars, and hot-stripped flat steel. 

Primetals Technologies will act as the technology integrator, executing a pre-engineering package to minimize technical risks and accelerate construction.

VinMetal General Director Pham Nhat Quan Anh emphasized that the digitalized, modern complex aims to elevate Vietnam’s global steel competitiveness while adhering to international ESG standards. 

Besides infrastructure, the partnership includes collaboration on digital transformation and workforce training to ensure long-term operational efficiency for both domestic and export markets.