On the morning of May 6, 2019, Thien Nam Group jubilantly organized the opening of Thien Nam steel business center at 656 National Highway 1A, Binh Hung Hoa B Ward, Binh Tan District, Ho Chi Minh City.
Thien Nam Iron and Steel Business Center – Binh Tan Branch – specializes in trading steel products, pipes, boxes, welding rods … located on National Highway 1A going through many industrial zones, factories … commodity circulation benefits.
Attending the ceremony, Mr. Nguyen Quang Hoa – Chairman of Thien Nam Group’s Board of Directors – delivered a congratulatory speech and encouraged the employees of Binh Tan Branch to always have many advantages and successfully perform their business tasks in 2019. The development of the steel business center system of Thien Nam is implementing in accordance with the strategic direction approved by the Board of Directors. Although the market still faces many difficulties, with a team of experienced personnel, Thien Nam Group is gradually overcoming difficulties, finding a suitable direction to continue building and asserting Thien Nam’s brand in steel business
According to the plan, 2019 is the year when Thien Nam Group expands the iron and steel business center system to reach new customers, develop and trade more products with high profit margins. By the end of April 2019, Vietnam’s steel market was still volatile, fluctuations in the price of iron ore, scrap steel in the world increased sharply, causing domestic steel prices to increase, some industries job growth decreased over the same period last year. However, Thien Nam Group’s first quarter of 2019 business results recorded a 5.4% growth in net revenue over the same period in 2018 with the majority of revenue coming from steel trading activities.
On the first day of opening, Thien Nam Steel – Binh Tan branch kicked off the first shipment of nearly 1000 tons of steel to customers in Ho Chi Minh City and the West, bringing positive signals when the steel market in particular and the economy in general is slowly recovering.