Vina Kyoei Steel Limited

What Vina Kyoei Steel Limited does

Vina Kyoei Steel Limited (Công ty TNHH Thép Vina Kyoei) is a privately held Vietnamese-Japanese joint venture steel manufacturer established in 1994 and headquartered at the Phú Mỹ 1 Industrial Zone in Bà Rịa-Vũng Tàu province. The company is jointly owned by Vietnam Steel Corporation (state-owned), Kyoei Steel Group, Mitsui, and Marubeni-Itochu Steel, and operates the first Vietnam-Japan steel manufacturing joint venture. Its core business is producing construction steel products — deformed steel bars, threaded deformed rebar with couplers, steel coils, plain round steel, and equal angle steel — using direct rolling technology that bypasses a reheating furnace, providing a cost-efficiency advantage versus conventional re-rolling. The company is the first and only domestic producer of threaded deformed rebar (TR51, 51mm diameter), a specialty product used in large-scale construction as a replacement for conventional rebar splicing.

Vina Kyoei serves the Vietnamese construction industry — including infrastructure, commercial real estate, industrial, and energy projects — and has supplied steel to marquee projects such as the Ho Chi Minh City Metro Bến Thành-Suối Tiên line, AEON Mall Bình Dương, Tân Sơn Nhất International Airport, Cần Thơ Bridge, and Bà Rịa Thermal Power Plant. The company also completed a one-off export shipment of threaded rebar to the Neak Loeung Bridge in Cambodia (Japanese ODA-funded). The business is operated from a single integrated production site with a 2015-completed USD 220 million expansion raising total capacity to nearly 1 million tons per year of billets and finished products, supported by a workforce of approximately 650 employees. Revenue is generated through one-time sales of manufactured steel to enterprise construction contractors and via a nationwide distributor network reaching mid-market resellers, with a sales office in Ho Chi Minh City's District 1 for direct customer engagement. The company holds TCVN 1651-2:2018 quality certification, Authorized Economic Operator (AEO) customs status, and was awarded the Third-Class Labor Medal by the President of Vietnam in 2014.

Name

Vina Kyoei Steel Limited

Legal name

Công ty TNHH Thép Vina Kyoei

Website

https://vinakyoeisteel.com.vn

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Vina Kyoei Steel Limited is a Vietnamese-Japanese joint venture steel manufacturer producing construction rebar, threaded rebar, coils, and section steel at its Phú Mỹ plant for Vietnam's construction, infrastructure, and industrial sectors, with capacity of approximately 1 million tons per year.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Steel Product Manufacturing from Purchased Steel (3312), Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210)

SIC

Steel Pipe & Tubes (3317)

akta.pro primary industry

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)

Keywords

• Construction steel products
• Deformed steel bars
• Threaded rebar manufacturing
• Steel billet production
• Construction materials supply

Headquarters

HQ city

Phú Mỹ

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Steel Product Sales: Manufacturing and selling various steel construction products including deformed steel bars, threaded rebar with couplings, steel coils, smooth round steel, and equal angle steel for domestic market and export.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Vina Kyoei Steel Limited is a Vietnamese-Japanese joint venture steel manufacturer that produces and sells construction steel products, including deformed (ribbed) steel bars, threaded deformed steel bars with couplers (including the proprietary TR51 51mm product), steel coils, plain round steel, and equal angle steel. Its products are supplied to construction contractors, real estate developers, and infrastructure project owners in Vietnam and selectively for export projects.

Product overview

Vina Kyoei Steel Limited is a professional steel manufacturing company producing construction steel products. The product portfolio consists of five core product lines: Deformed Steel Bars (Thép gân/vằn), Threaded Deformed Steel Bars with Couplers (Thép gân ren và khớp nối), Steel Coils (Thép cuộn), Plain Round Steel (Thép tròn trơn), and Equal Angle Steel (Thép góc cạnh đều). The company operates as a joint venture between Vietnamese and Japanese partners (Kyoei Steel Group, Mitsui, Marubeni-Itochu) and is notable for being the first commercial producer of threaded deformed steel in Vietnam, offering the only domestically manufactured threaded steel with couplers in the country.

Differentiator

Problem solved

Functional benefit

Products and services

• Deformed Steel Bars (Thép gân / vằn) Ribbed/deformed steel reinforcement bars (thép gân / vằn) for reinforced concrete construction, supplied to construction contractors, real estate developers, and infrastructure projects in Vietnam.
• Threaded Deformed Steel Bars and Couplers (Thép gân ren và khớp nối) Threaded deformed steel bars with matching couplers, including the proprietary TR51 (51mm diameter) product — Vietnam's first and only domestically produced threaded rebar, used as a replacement for conventional rebar splicing in large-scale and high-load construction, enabling faster assembly in all weather conditions.
• Steel Coils (Thép cuộn) Hot-rolled steel coils supplied for downstream processing and construction applications in Vietnam.
• Plain Round Steel (Thép tròn trơn) Smooth round steel bars used in construction and general metalworking applications, supplied to construction contractors and industrial buyers.
• Equal Angle Steel (Thép góc cạnh đều) Equal-leg angle steel sections used in structural framing, towers, transmission infrastructure, and general construction fabrication.

Quantifiable outcome

• Reached 10 million tons cumulative production milestone in July 2020
• +1 more outcomes

Named customers10 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Cục Hải quan tỉnh Bà Rịa - Vũng Tàu (Ba Ria - Vung Tau Customs Department)minorStrategic or Co-development Partner · 6 November 2018Signed customs compliance partnership agreement as part of the Authorized Economic Operator (AEO) program, providing preferential treatment and streamlined customs procedures.
• Tập đoàn Thép Kyoei (Kyoei Steel Group)coreStrategic or Co-development Partner · 1 January 1994Japanese joint venture partner and co-founder of Vina Kyoei Steel. Kyoei Steel Group brings advanced Japanese steel manufacturing technology and expertise to the partnership.
• Tổng Công ty Thép Việt Nam (Vietnam Steel Corporation)coreStrategic or Co-development Partner · 1 January 1994Vietnamese state-owned steel corporation partner and co-founder. Provides local market expertise, regulatory navigation, and Vietnam-based operations knowledge.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Nam Kim Steel Corporation: Vietnamese steel pipe and galvanized steel producer with construction exposure. Comparable mid-sized Vietnamese steel manufacturer targeting domestic construction and infrastructure demand.
• Pomina Steel Corporation: Vietnamese steel manufacturer producing construction steel products including rebar, wire rod, and billet. Comparable mid-sized peer in Vietnamese construction steel market.
• Hòa Phát Group: Vietnam's largest integrated steel producer, manufacturing construction steel, hot-rolled coil, and steel billet. Directly competes with Vina Kyoei in Vietnamese construction rebar and is the dominant domestic competitor by volume.
• Vietnam Steel Corporation (VNSteel): State-owned Vietnamese steel holding company and a founding JV partner of Vina Kyoei. Operates and consolidates multiple steel mills producing construction steel and other products domestically.
• Formosa Ha Tinh Steel Corporation: Major Vietnamese integrated steel producer with blast furnace and rolling mill capacity. Competes directly with Vina Kyoei in construction steel and is one of the largest players in the Vietnamese market.

Broad incumbents

• Tata Steel Limited: Global integrated steel manufacturer producing construction rebar and structural steel. Comparable in core rebar/construction product category though at vastly larger scale and broader geographic reach.
• ArcelorMittal: World's largest steel producer with broad construction steel and rebar portfolio. Provides a global benchmark for steel manufacturing cost and capacity, though Vina Kyoei operates at a far smaller scale.
• Kyoei Steel Group: Japanese steel producer and Vina Kyoei's founding JV partner. Operates steel recycling and manufacturing facilities globally, providing technology and partial parent-co backing to Vina Kyoei.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/vinakyoeisteel
• LinkedInlinkedin.com/company/vinakyoeisteel

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vina Kyoei Steel Limited