Vietnam's steel industry is set for growth, driven by strong earnings in the third quarter, domestic demand, and government stimulus for real estate and infrastructure projects. Companies like Hoa Phat, Nam Kim Steel, and Hoa Sen Group reported significant profit increases, benefiting from rising construction activity and global steel price recovery.

Reduced output in China and Vietnam's recovering real estate market have further boosted local steel demand. Major projects, such as the US$70 billion north-south high-speed railway, are expected to fuel infrastructure steel needs, with Vietnamese firms well-positioned to supply. Long-term strategies through 2050 aim to strengthen the sector, creating growth opportunities for domestic manufacturers.