Vingroup Group announced on 25/11 that its subsidiary, VinMetal Production and Trading Joint Stock Company, will provide Thep Pomina with an interest-free working capital loan for two years. This strategic move aims to help the southern steel major improve cash flow, restore supply chains, and ensure production. In addition to the capital injection, Vingroup will prioritize Pomina as a steel supplier for its ecosystem companies, including VinFast, Vinhomes, and VinSpeed. This initiative is part of Vingroup's plan to increase the localization rate of materials in its major projects.

Thep Pomina, originally known as Thep Pomina 1 factory, was established in 1999 by Thep Viet Co., Ltd. In 2008, it transformed into Thep Pomina Joint Stock Company. The company was once a major entity in Vietnam's construction steel industry, boasting a capacity of 1,6 million tons. However, Pomina is currently facing financial difficulties, having reported losses for the past 4 years, with an undistributed after-tax profit of negative 3.051 billion VND.

VinMetal was established by Vingroup Group in early October of this year. Its primary activity is steel production, with a planned capacity of 5 million tons in giai doan 1. The company focuses on civil steel products for construction, hot-rolled coil (HRC), and special alloy steel designed for electric vehicle production and high-speed transportation infrastructure.

With a charter capital of approximately 15.000 billion VND, VinMetal is a significant player in the industry, with Vingroup owning 98% of its shares. The company currently holds the third largest capital in the steel sector, trailing only Hoa Phat and Formosa Ha Tinh. Pham Nhat Quan Anh, the eldest son of billionaire Pham Nhat Vuong, has been appointed General Director of VinMetal. Quan Anh also serves as a member of the VinFast Board of Directors, holds 150.000 VIC shares, and is a major shareholder in several Vingroup ecosystem companies, including VinEnergo, VinRobotics, and VinSpace.

Trong Hieu