Vietnam's Hoa Phat and Cambodia's Chip Mong Group signed a memorandum of understanding (MoU) on June 28, 2024, aimed at exporting construction steel to Cambodia. The agreement spans from July 1, 2024, to December 31, 2024.

Hoa Phat has exported steel to nearly 40 countries across five continents and is committed to supplying construction steel products to meet Cambodia's market demand. Beyond steel, the agreement is seen as a platform for collaboration where both companies can leverage their strengths. Hoa Phat looks forward to offering its products through Chip Mong's retail network in Cambodia's commercial centers.