Hoa Phat steel sheet has been sold in many markets (Photo courtesy of Hoa Phat)Hanoi (VNA) - Bilateral and multilateraleconomic cooperation agreements Vietnam has signed have enabled the Hoa PhatGroup’s Hoa Phat Steel Sheet Co. Ltd to penetrate into many new markets andpromote exports.
The EU-Vietnam Free Trade Agreement, the ASEAN-ChinaFree Trade Agreement, and the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) have all brought about advantages to thecompany in terms of tariffs in the EU, ASEAN, China, and Asia-Pacific markets suchas Australia, Brunei, Canada, Chile, the US, Japan, Malaysia, Mexico, and NewZealand.
It recently signed a number of contracts to exportproducts to markets in Asia, Europe, and Mexico.
A batch of 10,000 tonnes of steel sheet has been shippedto Thailand, which is scheduled to arrive in the country in late August.
Hoa Phat’s Dung Quat factory has succeeded inproducing hot rolled coil using Italian production technology, enabling it to becomeindependent in terms of materials and better manage product quality and ensureorigin.
The modern production chain has also helped Hoa Phat SteelSheet meet the strict requirements of fastidious markets.
After two years in Vietnam, Hoa Phat Steel Sheet hasstaked out a position in the local market, with sales in the first half of 2020rising 200 percent year-on-year.
Its products are now sold in the US, Mexico, the EU,Australia, Malaysia, Indonesia, Thailand, Cambodia, and elsewhere./.
VNA
