The investment will be executed through multiple cash contributions in 2025 and 2026. This capital increase aims to accelerate the Nam Kim Phu My Steel Sheet Plant project and provide additional working capital for the subsidiary’s operations.
Established in 2022, Nam Kim Phu My Steel Sheet Co., Ltd. is dedicated to developing the steel sheet plant project, a key initiative of Nam Kim Steel. Initially, the project had a total investment of VND 4,500 billion, with 30% (VND 1,350 billion) from investor equity and 70% (VND 3,150 billion) from loans. The plant features a galvanizing line with a capacity of 350,000 tons/year, along with two aluminum-zinc alloy coating lines capable of 300,000 tons/year and 150,000 tons/year, respectively.
During the 2025 Annual General Meeting, Nam Kim Steel’s leadership provided updates on the project’s progress. The Nam Kim Phu My Steel Sheet Plant is scheduled to commence operations in early Q1/2026. In the initial phase, the plant is expected to reach 50-60% of its total capacity within 2-3 quarters, with full capacity utilization anticipated by 2027.
Notably, this marks the third capital increase for this strategic project by Nam Kim Steel. The most recent increase, in July 2025, added VND 400 billion to the total investment. This additional funding supports the integration of advanced production lines and silicon electrical steel technology, a specialized steel used in electric motors, automotive components, and transformers.
– 10:30 29/09/2025
HVH Plans to Invest Additional VND 140 Billion in Euro Villas Project Developer in Phú Thọ
On September 26th, the Board of Directors of HVC Investment and Technology Joint Stock Company (HOSE: HVH) approved adjustments to the capital contribution in its subsidiary, HVC and Ho Guom Hoa Binh Investment Limited Liability Company (HVC Hoa Binh).
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Upon successful issuance, this securities company’s chartered capital is poised to surge from VND 339 billion to VND 2,000 billion, marking a 5.9-fold increase from its current level.
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The total number of shares surged from 72.3 million to 101.3 million, while the chartered capital increased by VND 289.6 billion, reaching a total of VND 1,013 billion.
