Lot 45, Street No. 2, Tra Noc 1 Industrial Park, Thoi An Dong Ward, Can Tho City
On the afternoon of 08/06/2026, Tay Do Steel Co., Ltd. had the honor of welcoming a Singapore Business Delegation for a visit, working session, exchange, and connection for future development cooperation.
The event marked an important step forward, opening up many opportunities for international cooperation, trade promotion, and reinforcing Tay Do Steel’s strong position in the Mekong Delta region.
Overview of the Vietnam - Singapore business exchange program
As part of a series of activities organized by the Can Tho City Investment, Trade and Tourism Promotion Center, the program aimed to strengthen connections, promote investment, and foster international cooperation in the context of deep economic integration.
The event was honored by the participation of senior delegates and important strategic partners: Mr. Cao Xuan Thang – Vietnam Trade Counsellor in Singapore, Head of Delegation; Mr. Nguyen Anh Son – Director General of the Import-Export Department, Ministry of Industry and Trade. Also attending were members of the Vietnam Steel Association (VSA) and Singaporean organizations and businesses such as Sembcorp Industries, SingCham Vietnam, S.M.A.R.T Business Club, SUTD Singapore, EnterpriseSG, and many other units.
On Tay Do Steel’s side, the reception and discussion management were directly chaired by Mr. Huynh Trung Quang – General Director of the Company, together with the company’s leadership board.
The two sides engaged in in-depth discussions on the market, production capacity, supply capability, and cooperation orientation in the coming time.
The exchange session welcoming senior delegates and representatives of businesses and organizations from Singapore and VSA
During the discussion, Mr. Dixon Oh Gek Soon - Vice President of the Singapore Business Group in Vietnam (SingCham) raised many questions related to scrap material supply, production processes, and Tay Do Steel’s logistics capacity. Representatives of the company’s leadership directly answered them, affirming the enterprise’s competitiveness.
Mr. Dixon Oh Gek Soon - Vice President of SingCham asks a question at the exchange session
Tay Do Steel uses medium-frequency steel furnace technology, with scrap steel as its main raw material source. Each year, the company is granted an import quota of about 181,000 tons of scrap, mainly from Japan, the Philippines, Singapore, and Cambodia. In addition to imported sources, the enterprise also takes advantage of abundant scrap collection sources in the southern region.
Scrap import activities are licensed and strictly managed by the Ministry of Natural Resources and Environment to ensure compliance with environmental regulations.
Steel billets are intermediate products serving internal rolling operations and supplying several domestic steel rolling mills. The company plans to export about 25,000 tons of billets to the Philippines and 5,000 tons to Cambodia.
About 60% of Tay Do Steel’s construction steel output is exported to Cambodia thanks to its geographical advantage.
The port system is capable of receiving vessels of up to 10,000 tons, effectively meeting the needs of raw material imports and goods exports.
Mr. Huynh Trung Quang - General Director of Tay Do Steel directly addressed the issues raised
Tay Do Steel is actively studying plans to bring its products to the Singapore market — where large-scale infrastructure projects require abundant supply along with stringent technical requirements. The company affirmed that the quality of Vietnamese steel fully meets international JIS (Japan) and ASTM (United States) standards, creating a solid foundation for its journey to expand into the region.
At the same time, the company aims to complete a 1 million tons/year plant in the 2026–2030 period, with a capital mobilization need of about VND 2,500 billion. In response to this orientation, Mr. Cao Xuan Thang expressed readiness to act as a bridge to financial funds, banking institutions, and green technology sources under ESG standards — opening opportunities to access sustainable capital flows and helping realize the long-term development strategy.
The company is proactively building a roadmap to meet CBAM (Carbon Border Adjustment Mechanism) requirements — a strategic move to prepare for markets with strict carbon emission reduction requirements such as Europe and Singapore.
After the in-depth discussion session, the Singapore delegation was invited to take a practical tour of the factory and learn about the on-site production process and operating system.
The Singapore business delegation toured Tay Do Steel’s factory and port system
The program concluded with a networking dinner in a warm and friendly atmosphere — where the parties raised their glasses and expressed expectations for practical, long-term cooperation opportunities in the time ahead.
The business exchange program was successfully held, opening up promising potential cooperation opportunities
