Xuân Thiện Group has formed a strategic partnership with Primetals Technologies to develop advanced steel production lines in Vietnam, aiming to establish the country as a regional hub for high-quality steel.

Target Information

The Xuân Thiện Group, a prominent Vietnamese industrial enterprise, aims to position itself as a leading producer of high-quality steel in Southeast Asia. On December 15, 2025, the company entered into a strategic investment and cooperation agreement with Primetals Technologies in Ninh Bình, Vietnam. This partnership is a crucial step toward transforming Vietnam into a regional hub for high-quality steel production through the establishment of advanced production lines.

Industry Overview

Vietnam's steel industry is currently experiencing significant development, with increasing demand for high-quality steel products across various sectors such as automotive, mechanical engineering, and shipbuilding. Historically, Vietnam has relied heavily on imports to fulfill its demands for large and high-strength steel products, making self-sufficiency in this area a national priority.

This strategic shift aligns with global trends towards sustainable manufacturing practices. The introduction of environmentally friendly production technologies is becoming essential as countries aim to meet stric