The Damaged Schools After The Flood

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The delegation of Nam Kim Steel Joint Stock Company and Thanh Nien Newspaper have reached a significant number of schools in the flooded zones, donated funds to help to rebuild the facilities, so that teachers and students could go to class again …

Bà Nguyễn Thị Bích Nhi, Chủ tịch Công đoàn Tôn Nam Kim, thăm hỏi các em học sinh điểm trường Pa Nho ở TT.Khe Sanh (Quảng Trị)	 ///  ẢNH: NGUYỄN PHÚC

Mrs. Nguyen Thi Bich Nhi, President of Ton Nam Kim Trade Union, visited pupils at Pa Nho school in Khe Sanh town (Quang Tri Province). Photo: NGUYEN PHUC

Back to plain…

From November 4th  – to 6th , from the South, the social  team-work  of Nam Kim Steel Joint Stock Company (Ton Nam Kim, Binh Duong) and Thanh Nien Newspaper moved to the Central region to coordinate with Thanh Nien Newspapers resident reporters in 3 provinces of Ha Tinh, Quang Binh, Quang Tri to organized relief activities. The targeted  groups that we aim to support after the severe flood includes  schools, pupils, teachers and some families with extremely  difficult circumstances in these areas. On the afternoon of April 1st , with the support of the Ha Tinh Provincial and Youth Union and the Ha Tinh Department of Education and Training, the delegation awarded 2 gifts worth 150 million VND in cash, each 75 million VND to Phan Dinh Giot Primary School – Secondary School (belongs to Cam Quan Commune, Cam Xuyen District) and Thach Luu Kindergarten (Thach Luu Commune, Thanh Ha District). These are two schools which located in depression areas and faced with badly flooded, so the damage was remarkable during the period from October 19th -21st . Mrs. Nguyen Thi Thuy, Principal of Phan Dinh Giot Primary School and  Secondary School, said heavy rain and Ke Go lake letting out caused 23 classrooms on the first floor to be flooded more than 1 meter depth in water. About 80% of the school’s pupils whose houses were  deeply inundated. “Most of the school tables and chairs are made of plywood, which has been submerged  for a long time in water , hence,  it was significantly damaged. Some teaching machines and equipment on the first floor could not be used any longer, ”Ms. Thuy said. Continuously, moving to Quang Binh Province, our  group gave 2 gifts in cash (worth 75 million VND / gift) to Phong Thuy No. 2 Primary School and Nguyen Chi Thanh High School (Le Thuy district). During the historic flood, Quang Binh Province suffered heavy damage, but  Le Thuy Disctrict was the flood –prone area…, as a result,  schools in this depression district were devastated… Mr. Nguyen Hai Duong, Principal of Phong Thuy No. 2 Primary School, said: “Our school is located in a depression area, the water rises 2.5 meters, submerging everything. In addition, the furniture was damaged, the teaching TV screen hung very high to the floor but still was wet, the parking lot was collapsed, the first floor doors were almost broken. Nevertheless, we still have to try to clean up, make temporary repairs to welcome students to class after 3 weeks of absence from school”.

Get on the Moutains…

On the last day of Ton Nam Kim’s volunteer journey, Thanh Nien Newspaper’s workers brought us to the mountainous district of Huong Hoa (Quang Tri Province). After 70km far from Dong Ha city, the group reached the point of Pa Nho school (belonging to the No .1 primary school -Khe Sanh Town). The scene at the school site surprised many people in our group at the first sight. Mr. Le Van Quang, Principal of No.1 Primary School of Khe Sanh town, said that the Pa Nho school was built 15 years ago, currently there has 4 teachers who taught 64 students from grades 1 – to grade 3. “During a  great flood, the school site was sunk deep into the water, the fence fell down, the roof of the schools were swept away, the windows and the main doors all fell out, the tables and chairs were cover by dirt and mud, books and teaching tools were in the same circumstance ”, said teacher Quang. Talking with innocent pupils  and teachers standing at the ravaged school site, after giving 70 million VND as a little support, Mrs. Nguyen Thi Bich Nhi, Trade Union Chairman of  Ton Nam Kim, said: “The entire  of 480 million VND to support the people in the Middle of Vietnam is the voluntary contribution of more than 1,000 officials and employees of the company. We have immediately been thinking of supporting schools to contribute to care for the cause of “Growing” people. Therefore, today we shared a little hand with a view to contributing a small part in the process of re-building the facilities, the teach -learning movement of the school …”.

At the final destination of the journey, the group donated VND 65 million to Gio Chau Kindergarten (Gio Linh District). In addition, we also supported 3 teachers whose families were seriously damaged in the flood, with 5 million VND for each family. Also during this volunteer journey, the representative of Ton Nam Kim came home to visit some affected  , heavily damaged  and difficult families in several communes in Loc Thuy, Phong Thuy ( Le Thuy Disctrict) and Trung Hai (Gio Linh District), donating from 5 to nearly 20 million VND per household.


Ton Nam Kim Is In Top 3 Of 10 Vietnamese Prestigious Construction Materials Exporters

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The list of “2019 Prestigious Exporting Enterprises ” which is approved by the Ministry of Industry and Trade and is an honorable award of the business “world”, due to the difficulty and prestige of this “test”.

2019 Prestigious Exporter: More honored than an award

First of all, it can be affirmed that the list of “2019 Prestigious Exporting Enterprises ” is not an annual award. This is a national level test organized by the Ministry of Industry and Trade to honor the prestigious exporting enterprises of the past year. Many people make comparison on being on this list, businesses find it much more difficult than other typical business selection contest.

Tôn Nam Kim vào top 3 trong 10 doanh nghiệp xuất khẩu VLXD uy tín của Việt Nam - 1

Because, in order to be on this list, businesses must go through several preliminary rounds from local to national level. The pre-qualification list is formed based on the coordination between the Ministry of Industry and Trade with Ministries, Profession, Associations, and Provincial Departments of industry and Trade. Evaluation criteria for enterprises issued by the Ministry of Industry and Trade, based on the regulations on minimum turnover, prestige in business for foreign customers, the observance of obligations to the State in the Customs, Tax, Environment … To be selected, companies must not only meet the export quotas as prescribed, but also fully and comprehensively fulfill all obligations to the Government, including criteria related to corporate social responsibility such as environmental protection …

“2019 Exporting Ranking “: The rice, seafood, and textile industries having the advantages; Ton Nam Kim ranks in the top 3 among 10 Vietnamese Prestige Construction materials exporters ”.

Sau một thời gian dài đưa ra danh sách sơ duyệt để lấy ý kiến công luận, ngày 24/8 vừa qua, Bộ công thương vừa chính thức phê duyệt danh sách “Doanh nghiệp xuất khẩu uy tín 2019”. 268 doanh nghiệp đại diện cho 25 ngành hàng là những cái tên được đánh giá cao trong lĩnh vực xuất khẩu. Nhìn vào bảng danh sách năm nay, dễ nhận ra, các mặt hàng xuất khẩu thế mạnh của Việt Nam vẫn chiếm ưu thế khi có tới 38 doanh nghiệp xuất khẩu thủy sản, 28 doanh nghiệp xuất khẩu dệt may, 26 doanh nghiệp xuất khẩu gạo…

Tôn Nam Kim vào top 3 trong 10 doanh nghiệp xuất khẩu VLXD uy tín của Việt Nam - 2

Ở các hạng mục khác, xuất khẩu cao su, các sản phẩm từ rau, củ, quả tươi, chè, hạt tiêu, hạt điều vẫn thể hiện sự vượt trội. Bên cạnh đó, đã nhìn thấy tiềm năng từ các ngành khác như xuất khẩu vật liệu xây dựng, chất dẻo… Đặc biệt trong lĩnh vực xuất khẩu vật liệu xây dựng, top 10 năm 2019 đều là các doanh nghiệp tên tuổi, là trụ cột của ngành này tại Việt Nam như Hòa Phát, Tôn Nam Kim, SeAH, Vina Kyoei…

Có thể nói, sau năm 2018 chỉ có 4 doanh nghiệp xuất khẩu VLXD lọt vào danh sách uy tín này, năm 2019 ghi nhận sự khởi sắc trông thấy của nhóm ngành xuất khẩu VLXD. Đặc biệt, cái tên Tôn Nam Kim đứng top 3 trong danh sách là một sự bất ngờ nhưng đầy hợp lý. Các sản phẩm tôn mạ và ống thép mang nhãn hiệu Tôn Nam Kim đã xuất khẩu tới trên 50 quốc gia và vùng lãnh thổ. Năm 2019, Tôn Nam Kim đạt tổng sản lượng xuất khẩu 284.201 tấn với giá trị lên tới trên 4.900 tỷ đồng. Tôn Nam Kim cũng góp mặt trong danh sách 500 doanh nghiệp lớn nhất Việt Nam, giai đoạn 2011-2019.

Nguồn: Báo Dân Trí :

NKG General Meeting of Shareholders: Completely “Strong” Finance, Expecting to Benefit From Increasing Factory Demand

Đại hội cổ đông thường niên tôn Nam Kim

According to Mr. Vo Hoang Vu -General Director, the manufacturing sector in Vietnam is forecasted to wait in front of new investment flows. Increasing demand for industrial factories in the medium – long term will stimulate demand for coated steel sheets. However, Mr. Vu said that it would take some time to define how clear this trend will be.

Nam Kim Steel Corporation’s Annual General Meeting (HOSE: NKG) was held in the morning of June 18, 2020. The meeting was attended by 94 shareholders, representing nearly 75.45% of the shares who are having voting rights in our group. This year is also the first time which the most important meeting of NKG shareholders has been held in Ho Chi Minh City after long time.

At the meeting, NKG General Director – Mr. Vo Hoang Vu said that the coated steel industry and the steel industry was negatively affected by the severe Covid-19 pandemic. With NAMKIM STEEL, the export market was facing difficulties when countries closed in March-May, although, there was a recovery in June, the second quarter was still greatly affected in general.

Unfavourable fluctuations in steel prices, excessed global supply was the concerns that NKG and other companies in the same industry had to face. Mr. Vu said that the steel supply excess previously known in China but now it continues to happen in India.

The domestic coated steel sheet market is also under increasing competitive pressure. The targeted consumption of 700 thousand tons in 2020 is “very challenging”, Mr. Vu shared. This year, NKG sets a target of 12 trillion VND in revenue, 200 billion VND in profit after tax and a maximum dividend of 10 percent (in cash or stock).

Mr. Vu said that NKG will focus on improving internal capacity to acheive planned targets. In particular, it will focus on advertising and marketing activities and the presence of Ton Nam Kim at retailers and distributors. The company also aim to high-end products with greater margins.

Notably, Mr. Vu revealed that NKG is rushing to complete the final steps to bring into the management system of SAP ERP system since the beginning of July. This step is set up in between of period when this company focuses on improving inventory management on forecasting and monitoring the costs and norm of business efficiency.

“NKG’s cash flow is completely good ”

In 1st Quarter of 2020, NKG’s financial statements showed a negative cash flow of nearly 830 billion VND. This is one of the issues that investors pay attention to ,when considering this coated steel company’s restructuring process from 2019 so far.

According to Mr. Vu, NKG had abundant positive cash flow in 2019. Accordingly, the Company has used a lot to repay the loans and still has a large balance at the end of the year (bringing investment in short-term bonds). In the first quarter of early 2020, NKG used the excess money to pay suppliers over 700 billion VND and negotiated with them to receive a discount on early repayment.

In addition, NKG promotes sales by increasing debit balance to buyers. The company also increased a portion of inventories during the period of low hot rolled steel prices.

Mr. Vu said NKG has not discussed with banks so far to ask for more time or delay repayment.

“The company always tries to affirm how good of its business be. Our cash flow is still fine. We are not concerned about the debt structure issue but are focusing on increasing sales volume”- Mr. Ho Minh Quang- Chairman shared.

Access in the Central region market

NKG has so far completed the investment license for Chu Lai steel pipe factory and has received the land. The company is finalizing the construction license to be deployed in August and plans to be finished by the end of 2020.

Chu Lai Steel Pipe Factory has a total investment of 150 billion VND, “this is NKG’s solution to access the central market. If distributing corrugated iron, NKG needs to have a warehouse in the middle area, along with that, we also combine with steel pipe production to increase consumption output. The factory’s corrugated iron warehouse is only about 200 meters far away from Chu Lai port, Mr. Vu added.

NKG will transport raw materials for Chu Lai pipe factory from the manufacturing facility in the South. According to Mr. Vu, the cost of this transportation , in this case, is not high.

Mr. Quang said that the immediate Chu Lai factory only focuses on making steel pipes. However, he opens the possibility of developing more product lines if the market has a demand in the future.

The discussion

What will NKG be when Hoa Phat Group (HOSE: HPG) enters the coated steel market?

Mr. Quang- Chairman: Automatically, with the participation of HPG, the market will be even more competitive. However, NKG has a brand name and affirmed products. We are confident that we will not encounter too many obstacles in the future.

Mr. Vu- General Director: As an enterprise in the industry, NKG has always determined to focus on improving better internal resources to compete.

Would NKG leaders share more about the cooperation with SMC Investment and Trade (HOSE: SMC)?

Mr. Vu: NKG and SMC leaders have a personal-known relationship. SMC is also the consumer of NKG’s products, but also a normal customer like many other businesses.

SMC is a listed company, and its investment activities are public. Personally, I would like to affirm to shareholders that I participate in NKG capital from a personal perspective, not related to SMC.

How does NKG management forecast hot rolled coil prices to happen in 2020?

Mr. Vu: Hot rolled coil price dropped significantly in the first quarter of 2020 from 500 USD per ton to 400 USD. This fluctuation greatly affects the forecast of raw material inventory of NKG.
Hot-rolled coil price so far has recovered to above 440 USD / ton and it is very difficult to make a prediction. The global steel industry, especially the hot-rolled steel segment is still in excess supply. To prevent uncertainties can happen, we take great care to ensure inventory levels and ensure liquidity for goods rotation.

When will the company pay dividends to shareholders?

In 2019, we encountered difficulties and had to re-structure, so we did not pay dividends. For 2020, the dividend is expected to be divided 10% to shareholders. We are also internal shareholders and still would like to have cash dividends. However, depending on NKG’s activities, we will come up with a suitable plan.

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Nam Kim Steel’s CEO: 200 Billion VND Profit Plan Is A Challenging Number

  • Estimated Second quarter volume decreased by 15% due to difficult export market.
  • The business plans to achieve 12,000 billion VND in revenue and 200 billion VND in profit for 2020.
  • In the period 2020-2021, Nam Kim focuses on administrative and managerial mission.

Reporting at the 2020 Annual General Meeting of Shareholders ,
Mr. Vo Hoang Vu, General Director of Nam Kim Steel Company (HoSE: NKG), said that at the beginning of the year, the Covid-19 outbreak worldwide had a significant impact on the steel industry and foreign countries, especially coated steel products. Civil demand as well as investment cannot be recovered in the next few quarters .Although attraction of foreign investment (FDI) is predicted well, coated steel products are considered beneficial in the long term. Still, it is not yet able to have benefit in the short term.

Meanwhile, exports are expected to decline, especially in the second quarter when countries lockdown in April and May to prevent disease, with a recovery in June. Besides that, the steel market is also affected by large supply from China and India, in addition, there is big competitive pressure from many enterprises which are investing in coated steel.

On the above basis, the executive board proposed plan in 2020 including consumption volume of 700,000 tons, an increase of 36%; the revenue of 12,000 billion and profit after tax of 200 billion, which is more than 4 times the implementation of 2019. The maximum dividend is in cash or shares with 10% ratio.

Mr. Vu shared that coming close to the end of 2019, the management board assessed the situation is more optimistic and expected an enormous profit, but after Lunar New Year holiday, anddue to covid 19 pandemic complications, the planned data has to be adjusted. In the 2nd projection to submit to shareholders, the management board maintains VND 200 billion plan – a challenging number but we will try to implement it well.

We are pushing to improve the promotion, increase the frequency of presence of Ton Nam Kim brand at the retail outlet; diversifying export channels to limit focusing on a few markets; Focusing on risk management analysis and making sales policy which depends on time to time to reduce costs; management transformation through SAP-ERP system is urgently implemented which can be deployed in July.

Nam Kim Congress on June 18 morning. Source: MH

No dividends in 2019

In 2019, the company recorded net revenue of 12,178 billion VND, a decrease of 18.2%; net profit is 47.3 billion VND, drop at 17.4% compared to last year. Due to not meeting the targeted plan, implementing 16% of the profit target, the Board of Directors submitted no dividend for 2019.

Nam Kim did not fulfil the profit target last year because of the increase in iron ore prices due to the dam breach floods in January 2019 of Vale SA Group’s mine exploitation – one of the largest iron ore mining groups in the world. While product prices fell due to oversupply in China, India when the US implemented trade protection in the domestic steel industry.

However, in the second quarter of 2019, Nam Kim liquidated 1st factory in Binh Duong, transferring contributed capital from the Nam Kim Corea project in the second quarter of 2019. The liquidation of assets helped Nam Kim to collect 350 billion VND to repay bank debts. The capital structure helped to reduce financial costs and improve accumulated profit for the whole year.

Export activities account for more than 40% of revenue and 50% of output of Nam Kim. The largest export market is the ASEAN region, mainly for Indonesia; the US market only accounts for 5% of total consumption. Nam Kim uses most of the hot-rolled coil (HRC) raw materials to produce from Hung Nghiep Formosa Ha Tinh Steel and Nippon Steel Trading Vietnam to meet the origin requirement for export to the US.

The enterprise continues to build a new factory in Chu Lai – Quang Nam, specializing in coated steel pipes, with an investment of 150 billion VND, an area of 3.9 hectares to facilitate product distribution to Central and North provinces. The factory is expected to start production officially in the third quarter.

The meeting also conducted the board of directors’ election and the Supervisory Board for the term 2020-2025. The new term Board of Directors includes 6 members, 2 new members including Mr. Nguyen Huu Kinh Luan and Mr. Vo Thoi.

A new member in the Supervisory Board is Ms. Nguyen Thi Bich Nhi, replacing Mr. Vu Dinh Han.


In the steel industry’s oversupply situation, highly competitive when Hoa Phat also participates in the coated steel market, how does the management board have any strategies to deal with ?

Hoa Phat is a leading company in the industry in which the main segment ias construction steel and encroaches on coated steel. However, in recent years, Nam Kim has also faced many other competitors, which have affirmed the brand and product quality in the Southern market, hence, we are not worried much about. The immediate problem that needs to be faced with is the epidemic.

Has the company changed its inventory purchase policy?

Nam Kim’s inventory policy is now extremely cautious by closely following market movements to adjust buying rate.

Please tell us the production progress of Chu Lai factory? What role does this factory play?

Chu Lai factory was granted a construction permit, which is expected to start in August and be completed in the last quarter of the year. Nam Kim would like to reach more customers, hence, we are establishing a warehouse and a steel pipe factory in the Central region. This is a solution to increase output, create a distribution warehouse to access the market.

It is usual for businesses to transport goods to the South or the North because there is always a demand for each products and different sales policies.

Could you please share more details about the effect of Covid-19 on output in the second quarter?

In April and May, the export market was affected dramatically by the pandemic. The situation just got back well in June and July. Meanwhile, domestic consumption was stable and increased slightly. Total production in the second quarter is expected to decline by about 15% compared with the same last time.

When can Nam Kim pay dividends?

In 2019, the situation was difficult, so Nam Kim did not pay dividends, but in 2020 the Board of Directors submitted to share a 10% ratio. For the payment method, the board of directors who own shares here would like to receive cash, but it also depending on our group’s business situation.

Does Nam Kim have a strategy to increase the scale to be in top steel-producing companies?

In the current period 2020-2021, Nam Kim focuses on strengthening internal control, which is administration.

Please share the company’s cash flow? How will the company deal with the long-term epidemic?

In the first quarter, the enterprise had a negative cash flows due to debt repayment, increasing raw material inventory to prevent price fluctuations, promoting sales leading to increased customer debt. By the end of 2019, with a VND 1,000 billion of positive cash flow without having to repay debts to partners, Nam Kim makes short-term financial investments through bonds or short-term deposits., Nam Kim withdrew short-term investments to repay banks and suppliers through the first quarter, reduced VND 700 billion in short-term debt.

In terms of tolerance, from a management perspective, businesses do not need to discuss debt structure with banks

How much is the company’s total capacity?

By the end of 2019, Nam Kim has 4 factories producing coated steel coils and steel pipes with a capacity of around 1.2-1.3 million tons/year.

In what field is the company cooperating with SMC?

The leaders of SMC and Nam Kim have a personal relationship, in which SMC contributes capital to Nam Kim. SMC is also a buying partner, similar to other customers in NAMKIM operations. SMC is a listed company, so investments in Nam Kim must be disclosed on reports. And Mr. Vu himself is a personal investment.


The meeting is ended with the shareholders approved all submissions.

Source: – Link:

Ton Nam Kim awarded an Ambulance to Quang Ngai Province


On June 9, 2020, Mr. Ho Minh Quang – Chairman of the Board of Directors of Ton Nam Kim awarded an ambulance which is worth about VND 800 million to Nghia Hanh District Medical Center, Quang Ngai. This is the second one Mr. Quang gave to Quang Ngai province, he gave the first one to Mo Duc District Medical Center in early 2018.


Mr. Nguyen Cao Phuc – Head of the Public Relations Department, Chairman of the Vietnamese  Fatherland Front Committee of Quang Ngai province expressed gratitude to Mr. Quang and Ton Nam Kim, because they are facing with the serious limitation of the health sector in facilities, this donation of specialized transport vehicles is meaningful work to help district health centres reduce difficulties in emergency transportation of patients.


Nam Kim Steel Joint Stock Company
Lot A1, Đ2 Street, Dong An 2 Industrial Park, Thu Dau Mot City, Binh Duong
T. (+84)274 3748 848 | F. (+84)274 3748 868

Representative office
Room 802, 8th Floor, Ha Do Airport, 02 Hong Ha, Ward 02, Tan Binh District, Ho Chi Minh City
T. (+84)283 6204 829