The Billionaire’s Big Bet: Trần Đình Long Seals the Deal with a 1,000 Container Order for Vietnam’s Shipping Tycoon.

Hòa Phát Signs a Deal to Supply 1,000 Container Shells to VIMC Lines

Hòa Phát has signed a contract to supply 1,000 container shells to VIMC Lines, a subsidiary of the Vietnam Maritime Corporation (VIMC). This marks the first agreement between the two companies and the third contract for Hòa Phát with VIMC, solidifying their capability in manufacturing and the quality of “Made in Vietnam” containers.

The signing ceremony was attended by Mr. Doãn Quang Thịnh, Director of Hòa Phát, and Ms. Đỗ Thị Ngọc Trang, CEO of VIMC Lines, along with representatives from both parties.

The shipment of 1,000 container shells will support VIMC Lines’ goal of expanding their fleet and solidifying their position as a leading container transportation company in Vietnam.

Per the contract, Hòa Phát will manufacture and deliver 500 units of 20-foot DC containers and 500 units of 40-foot HC containers. The first deliveries are expected to commence in June 2025 to meet the peak season demands of VIMC Lines.

“Our investment in 1,000 new container shells demonstrates our strong commitment to enhancing our operational capabilities and supply chain efficiency,” emphasized the representative of VIMC Lines during the signing ceremony. “This strategic move ensures we provide stable and reliable services to our domestic and international clients. Moreover, our collaboration with Hòa Phát aligns with our long-term partnership strategy, fostering mutual growth and shared success.”

Mr. Doãn Quang Thịnh, representing Hòa Phát, shared his thoughts: “With our advanced manufacturing facilities, stringent quality control processes, and self-sufficiency in raw materials, we guarantee internationally-compliant products delivered on time and tailored to our clients’ operational needs. Hòa Phát is dedicated to accompanying VIMC Lines in their long-term development strategy, contributing to the growth of Vietnam’s logistics sector.”

In 2025, Hòa Phát has secured expanded orders from domestic partners, maintaining a stable order book. The container factory has doubled its labor productivity compared to the previous year, surpassing its initial production plan thanks to skilled workers and meticulous quality control.

With a total capacity of 500,000 TEU per year, Hòa Phát’s container manufacturing facility focuses on producing standard 20-foot and 40-foot containers. The first phase has a capacity of 200,000 TEU per year, making Hòa Phát the largest container manufacturer in Vietnam and Southeast Asia.

Hòa Phát’s significant advantage lies in its self-sufficiency in hot-rolled steel coils (HRC) of SPA-H grade, produced at the Dung Quất Iron and Steel Complex. The company aims to localize 90-95% of raw materials by the end of 2025, reducing costs and ensuring stable production.

Concurrently, research and development efforts are being intensified to optimize container components, keeping up with global trends. Self-sufficiency in domestic raw materials not only reduces costs but also enhances competitiveness and fosters sustainability in production.

Regarding VIMC Lines, the company was established in early 2024, with VIMC holding 99.956% of its capital. VIMC owns the largest fleet in the country and plays a crucial role in the economy’s transportation sector. Their vessels account for 25% of the total capacity of Vietnam’s fleet, including large bulk carriers of up to 73,000 DWT, handling 60% of the country’s import and export cargo.

This contract reinforces Hòa Phát’s position in the supply chain of high-quality containers in Vietnam and underscores the growing trust from prominent domestic and international transportation companies. It also signifies a step forward in Hòa Phát’s strategy to expand its logistics market presence, aiming for sustainable development and comprehensive competitiveness enhancement.

Both parties anticipate expanding their collaboration in the future, leveraging their shared growth and effectively harnessing the potential of the maritime transportation industry.