On 25/11, Vingroup announced a partnership and support for Pomina Steel Joint Stock Company. Through its subsidiary VinMetal, Vingroup will provide Pomina with a working capital loan for up to two years at a 0% interest rate. This preferential capital aims to help Pomina improve its cash flow, restore its supply chain, ensure stable production, and gradually recover its financial and business indicators.

Nha may san xuat thep cua Pomina. Anh: Pomina

In addition to providing capital, Vingroup will also prioritize Pomina as a steel supplier for its member companies within the group's ecosystem, including: VinFast, Vinhomes, VinSpeed.

According to Vingroup, prioritizing Pomina Steel is part of its plan to increase the localization rate of materials in its major projects in Vietnam.

"With financial support and output assurance from Vingroup, combined with Pomina's steel production technology foundation, we expect the company to regain growth momentum and strengthen its position in the domestic market, thereby continuing to create value and contribute to the country", said Nguyen Viet Quang, vice chairman and general director of Vingroup.

Alongside the financial support package and ensuring a sales channel for Pomina, Vingroup is also assisting the company in accelerating its restructuring process and reinforcing its management team. As part of this, Do Tien Si, who has extensive experience in the metallurgy industry and a deep understanding of Pomina's operations, will return to lead the company's recovery and development strategy in this new phase.

Ong Pham Nhat Quan Anh dam nhan vi tri tong giam doc VinMetal. Anh: Vingroup

At VinMetal, the general director position has been transferred to Pham Nhat Quan Anh to ensure continuity in Vingroup's metallurgy development strategy. Pham Nhat Quan Anh is currently a member of the VinFast board of directors and previously held several key management positions at the company.

Hai My