Lot 45, Street No. 2, Tra Noc 1 Industrial Park, Thoi An Dong Ward, Can Tho City
Mid-Year Review Conference – Strong Determination for the “Finish Line” Stage
On the afternoon of 15/10/2025, at the hall of Thep Tay Do Co., Ltd., the Conference on the 9-month performance review and the orientation and key tasks for the last 3 months of the year took place with the participation of the Board of General Directors together with Heads/Deputy Heads of Units/Office Division, Production and Branches, demonstrating a spirit of determination and readiness for the year-end stage.
In the context where the steel market and raw material supply remain volatile, Thep Tay Do has proactively “overcome difficulties” with a clear action strategy: focusing on key investment projects, stabilizing production, and expanding market share.
Outstanding results:
Total revenue reached VND 4,601 billion, 2.2% above the plan and up 52.5% compared to the same period in 2024.
Production efficiency recovered strongly, with output of steel billets and finished steel increasing significantly.
Financial activities: Credit lines reached VND 2,647 billion, up 56% over the previous year, ensuring working capital and investment funding.
The company strengthened control of administrative costs, processing costs and logistics costs, contributing to improved operational efficiency.
Along with business results, Thep Tay Do has also focused on strengthening internal governance, diversifying funding sources and proactively responding to fluctuations in input costs.
GREEN TRANSFORMATION – DIGITAL TRANSFORMATION: CONTINUING THE SUSTAINABLE JOURNEY
With the orientation that “growth must go hand in hand with sustainability”, Thep Tay Do is implementing two strategic pillars in parallel:
Green Transformation: Installing a solar power system, replacing diesel engines with more environmentally friendly types, aiming to reduce emissions and save energy.
Digital Transformation: Applying BRAVO software and digitizing production and management processes to ensure data security and enhance management and operational efficiency.
The establishment of the Information Technology Department is a testament to the strong commitment of the Board of Management in promoting digital transformation at the company. The department’s key tasks include completing the e-office system, continuing to train staff and workers towards the “digital worker” model, with the goal of making information technology a practical tool that effectively supports employees in their work.
At the conference, the Company’s Board of Management announced commendation decisions for outstanding collectives and individuals in the first 9 months of the year – those who embody the spirit of Thep Tay Do: dare to think – dare to do – dare to make a difference:
1. Nguyen Huu Hung – Leader of the Electrical Team, Rolling Mill
2. Tran Thi Tram Anh – Staff, Business Planning Department
3. Tran Huu Dang – IT Technician, Information Technology Department
4. Dao Hoang Phong – Worker, XCK Team
5. Vu Tuan Kiet – Electrical Technician, Engineering Department
The key objectives in Q4/2025 are clearly defined in 5 main directions:
1. Production – Business:
In 2025, Thep Tay Do Co., Ltd. set a target of producing 260,000 tons of billets, 290,000 tons of scrap steel
and 250,000 tons of finished steel, with planned revenue of VND 4,200 billion. By the end of September, the company had completed about 70–75% of the output and 68–72% of the revenue, striving to accelerate in the last 3 months of the year to achieve the planned targets.
2. Investment:
Completing 3 key projects: the Blockmill rolling mill; Thep Tay Do Co., Ltd. is operating the SD390/CB400 steel quenching line applying modern Quenching technology, helping products achieve high durability and meet domestic and export construction standards. At the same time, the company is implementing a project to expand the steelmaking plant, increasing the design capacity to 220,000 tons/year, in order to increase production capacity, meet market demand and improve business efficiency.
3. Finance:
Maintaining stable working capital, restructuring loans and completing disbursement of medium- and long-term capital. The Accounting – Finance Department presented a discussion on cost control and implementation directions.
4. Human Resources – Governance:
Focusing on recruitment, training and improving remuneration schemes to reduce turnover.
5. Information Technology:
Completing e-office projects, the TCS-MES system, and connecting and synchronizing data.
In his closing remarks, General Director Huynh Trung Quang emphasized:
“We have achieved remarkable results, but the last 3 months of the year are the decisive phase to fully accomplish the 2025 targets.
The entire system must shift into the highest level of action – ensuring progress, optimizing costs and synchronizing governance.
Each unit and each individual must become a solid fortress, maintaining discipline and a steel-like spirit to drive the Tay Do machine to the finish line successfully!”
THEP TAY DO – A JOURNEY OF BREAKING LIMITS TOWARD A SUSTAINABLE FUTURE
Not only a leading steel manufacturer in the region, Thep Tay Do is gradually affirming its position on the map of the regional and global steel industry.
With a strategy of sustainable development – digital transformation – green transformation, we are committed to creating solid values and accompanying the development of the country and the community.
