Posco Yamato Vina Steel Joint Stock Company (Vietnam)

Established in 2010, Py Vina started its operation in 2015. By April 2020, in cooperation with Yamato Group - a global corporation specializing in section steel - the company has transformed itself into a quality section steel producer. Py Vina specializes in manufacturing and trading types of steel products including H-beam, sheet pile, tapper channel, equal angle steel... Products are compliant with many standards such as TCVN, JIS, KS, ASTM, ACRS, EURONORM, AS/NZS , SIRIM, SNI, etc. Besides domestic market, finished products are exported to Philippines for consumption. In April 2022, together with the opening of Hai Phong representative office, Py Vina expanded the consumption market in the North of Vietnam. In 2021, the steel industry flourished, bringing favorable business results for companies operating in the industry. However, according to the financial statements of 2022, a series of public steel enterprises reported heavy losses. The above business results are explained by the decrease in steel demand in both the country and the world. Along with that, the price of raw materials, especially coal, is 3 times higher than normal time. Tight credit, a sharp increase in exchange rates and interest rates adversely affected the activities of companies in the industry, including the subject.