The temporary suspension of exports to the US since September 2024 was due to an anti-dumping and countervailing duty investigation initiated by the US Department of Commerce against zinc-coated, cold-rolled, and color-coated steel products exported from Vietnam. This, coupled with customer caution, led to a halt in steel exports to the US market during this period.
Despite this interruption, Hoa Sen Group’s positive financial results for the first eight months of the 2024-2025 fiscal year demonstrate its resilience and adaptability to market fluctuations. Importantly, US trade policies have not significantly impacted the group’s business operations. In fact, the cumulative financial results for the aforementioned period are quite impressive:
Thus, after eight months of operation, Hoa Sen Group has surpassed the high-end profit plan for the 2024-2025 fiscal year by 13%. In the remaining months, the group will continue to strive to fulfill its production and revenue plans while further enhancing post-tax profit performance to maximize shareholder value.
The Chairman of HQC Successfully Purchases 25 Million Shares
“Mr. Tuan significantly increased his stake in HQC post-transaction, elevating his holdings from 2 million shares to a substantial 50 million shares. This substantial acquisition now accounts for 8.671% of the company’s capital, marking a notable shift in HQC’s ownership structure.”
“Building Materials Tycoon” Le Phuoc Vu Seeks 500 Sites of Minimum 1,200 sqm Nationwide to Expand Hardware Store Chain
“Hoa Sen Home is my final endeavor at the Corporation,” proclaimed Le Phuoc Vu, setting an ambitious sales target of 1.3 billion USD for the venture. In a sector where steel and iron industries are predicted to plateau, Vu’s bold statement showcases his unwavering determination to make Hoa Sen Home a success.
The Penultimate Powerhouse: A Dynamic Duo’s Departure on the Eve of the Annual General Meeting
“Ahead of the 2025 Annual General Meeting, Mr. Ho Duc Toan and Mr. Bui Duc Hoan have tendered their resignations from their positions as Members of the Board of Directors of the Danh Khoi Group. The resignations come as a surprise to many, as the duo has been instrumental in the company’s growth and success over the years.”
8 Fiscal Quarters of Profit: HSG’s Impressive Performance with After-Tax Profits of VND 567 Billion
On June 3, 2025, the United States adjusted its import tariffs on steel and aluminum, increasing the current rate from 25% to 50% under Section 232 of the Trade Expansion Act of 1962.
BKAV Delayed Interest Payment on BKPCB2124001 Bonds, Amounting to Over VND 172 Billion
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On May 26, 2025, a payment of VND 163.3 billion in principal and over VND 8.9 billion in interest was due for the bond code BKPCB2124001. However, BKAV failed to make the payment on time and is currently in negotiations with bondholders regarding the settlement of principal and interest for this bond issue.
