HCMC — Hoa Phat Group (HOSE: HPG) can resume the exportation of light-walled rectangular pipe and tube (LWRPT) products to the United States without being subject to anti-dumping duty, following a final ruling by the U.S. Department of Commerce (DOC).
The ruling, effective from May 5, allows Hoa Phat to use a self-certification process to confirm the origin of its steel products.
The DOC concluded that Hoa Phat used hot-rolled steel sourced from Vietnam for its LWRPT production and shipments during the 2022–2023 review period. As a result, the company is not subject to the duty previously imposed under a 2022 circumvention investigation.
Within 35 days of the ruling, the DOC will instruct U.S. Customs and Border Protection to release relevant shipments without requiring cash deposits.
The Vietnamese steelmaker said it provided full data and cooperated with the investigation, and that its steel is produced using domestically sourced hot-rolled coil from its Dung Quat complex.
Hoa Phat began exporting steel pipes to the U.S. in 2010. The company’s production complies with ISO 9001:2015 and ISO 14001:2015 standards. Its annual production capacity stands at 1.2 million tons.
In the first four months of 2025, Hoa Phat sold 250,000 tons of steel pipes, up 25% from the same period last year.
Closing the trading session today, May 13, HPG edged up 1.57% to VND25,800, with a trading volume of 20.3 million shares.
The VN-Index rose on Tuesday, driven by the rises of bluechip stocks and the strong debut of Vingroup-related stock VPL.
Vietnam’s benchmark index gained 10.17 points, or 0.79%, to close at 1,293.43 points, with 209 advancers and 106 decliners on the Hochiminh Stock Exchange.
Trading volume rose 5% to over 952.5 million shares worth nearly VND23.9 trillion, up 10% in value from the previous session. Block deals accounted for 49 million shares worth VND1.17 trillion.
MWG rose 4.44% to VND63,500, with over 17 million shares traded. CTG added 4.1% to VND39,400 on volume of 15.7 million shares. Other gainers included VPB, GVR and MBB, which rose between 2% and 3%.
Newly listed VPL hit the ceiling price of VND85,500, contributing more than seven points to the main index. The stock became one of the 10 largest listed firms by market cap. Only 4,800 shares changed hands, while over two million remained on the ceiling-price buy surpluses.
Stocks linked to industrial zones, exports, transport, and textiles such as TCM, VPG, VGC, and KBC rose between 3% and 4% amid optimism over easing tariff pressures.
Losses were modest, with SSB and TPB down 1.6% and 1.1%, respectively. A few stocks, including ASP, IMP, and DCL, fell more than 3% but saw low liquidity.
Lender SHB was the most actively traded stock with more than 75.2 million shares changing hands. It moved sideways today with a slight 0.05% decrease, closing at VND13,100.
On the Hanoi Stock Exchange, the HNX-Index advanced 1.89 points, or 0.87%, to 217.93 points, with 107 winners and 60 losers. Trading volume on the northern market reached 113.1 million shares valued at VND1.65 trillion.
