Leading steelmaker Hoa Phat shipped abroad 165,000 tonnes of construction steel in the first eight months of this year, up 38 percent year-on-year, according to the group.
Steelmaker Hoa Phat set new records in sales and exports after the group sold 250,000 tonnes of construction steel in October, with 40,000 tonnes shipped abroad.
Steelmaker Hoa Phat Group targets revenue of VND55 trillion (around US$2.42 billion) and after-tax profit of VND8.05 trillion (US$354.6 million) in 2018.
The deep-water port is a part of a US$15-billion steel complex planned for the central province of Ninh Thuan.
Two local steelmakers have filed a petition with the Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade (MoIT) saying imported cold-rolled stainless steel is being dumped on the local market.