Lot 45, Street No. 2, Tra Noc 1 Industrial Park, Thoi An Dong Ward, Can Tho City
On 25/07/2026, Tay Do Steel Company held the conference to review the first 06 months of work and deploy directions and key tasks for the last 06 months of 2026. The conference aimed to comprehensively assess production and business performance in the first half of the year, while also aligning on strategic solutions for the next phases.
Overview of the first-half work review conference at Tay Do Steel
Representing the Executive Board of Tay Do Steel Company, the conference was attended and chaired by Mr. Huynh Trung Quang – General Director of the Company, together with members of the Leadership Board, representatives of professional departments, and key personnel of the Company.
The conference heard the report assessing task implementation results for the first 06 months of 2026. The report clearly stated that although the steel market has gradually recovered, it still faced considerable headwinds from fluctuations in input material prices, logistics cost pressure, and fierce competition in export markets.
However, thanks to the close direction of the Leadership Board and the proactive, flexible, and determined spirit of all employees and workers, Tay Do Steel maintained a stable production pace and recorded impressive growth results:
Total revenue in the first 06 months: Reached VND 3,797 billion, up about 40% compared to the same period in 2025.
Finished steel billets: Output reached 121,916 tons, up 11.7% year-on-year.
Construction steel: Recorded strong growth of 34.1% compared to the same period.
Estimated profit after tax: Reached about VND 15 billion.
Average employee income: Maintained at VND 18.6 million/person/month.
Financial scale: The Company completed the increase of charter capital from VND 750 billion to VND 1,000 billion, strengthening a solid financial foundation for plans to expand production scale.
To achieve the positive figures above, Tay Do Steel proactively diversified scrap supply sources, flexibly purchasing from domestic sources and international imports. In the first 6 months of the year, while geopolitics remained unstable, the Company focused on increasing the proportion of domestic procurement to minimize risks from exchange rate fluctuations, insurance costs, as well as volatility in ocean freight rates from imported sources, ensuring sufficient production volume and maintaining reasonable inventory levels.
Report assessing task implementation results for the first 06 months of 2026 at the conference
Alongside business operations, the Company maximized resources for technology investment projects, green transformation, and digital transformation to enhance production capacity:
Regarding infrastructure and production technology: The No. 5 induction furnace pair project has completed over 70% of its workload; the Block Mill project is being implemented on schedule; at the same time, the Quenching (QTB) system has officially been put into operation, contributing to improved quality of high-strength steel product lines.
Regarding green transformation: Promoting the sustainable development strategy through the phase 1 rooftop solar power project with a capacity of 1.8 MWp, expected to generate about 2.5 million kWh of electricity per year and reduce approximately 1,700 tCO₂e emissions.
Regarding digital transformation and governance: Effectively operating the TSC-MES system, Electronic Office, integrating Bravo ERP, and applying artificial intelligence (AI) in governance. Internally developed technology solutions are estimated to bring benefits worth more than VND 3 billion.
Detailed presentations from specialized departments and divisions at the conference
In addition to the achievements attained, the conference also frankly recognized difficulties and shortcomings, especially challenges related to contractor progress and intense competitive pressure in export markets, particularly the Cambodia market.
Speaking at the conference, Mr. Huynh Trung Quang – General Director of the Company acknowledged and highly appreciated the efforts and sense of responsibility of all officers and employees. Emphasizing the motto "Unity - Discipline - Innovation - Efficiency", the General Director directed the key solutions to focus on implementing in the last 06 months of 2026:
Put projects into operation on schedule: The No. 5 furnace pair and the Block Mill line.
Continue expanding the domestic market: focus on key areas and seek niche markets.
Optimize cash flow: ensure working capital of VND 400–500 billion for production and business activities.
Promote digital transformation and complete the governance system in line with green and sustainable orientation.
Mr. Huynh Trung Quang - General Director delivering directives at the conference
To recognize and honor the dedication and contributions of employees, the Leadership Board commended and awarded collectives and individuals with outstanding performance in the first 06 months of the year. At the same time, the Company especially honored author groups owning “Improvement Initiatives” and “Green Initiatives” – breakthrough solutions making practical contributions to sustainable development and improving the overall operational efficiency of Tay Do Steel.
Commendation and recognition of collectives and individuals with outstanding achievements in the first 6 months of 2026
Commendation and recognition of authors contributing “Improvement Initiatives”
Commendation and recognition of authors contributing “Green Initiatives”
With a spirit of unity and high determination, the 2026 first-half work review conference of Tay Do Steel was a great success. The results achieved in the first half of the year will be a solid foundation for the Company to confidently complete and exceed its 2026 plan targets, creating momentum for a breakthrough development phase in 2026–2030, while continuing to promote technology investment, digital transformation, green transformation, enhance competitiveness, and affirm its position as one of the leading steel enterprises in the region.
6/30/2026
