Vietnam Yongjin: Advancing Stainless Steel Manufacturing with Strategic Global Expansion & High-Capacity Production
Vietnam Yongjin: A Strategic Foothold in Southeast Asia
Vietnam Yongjin Co., Ltd., a pioneering joint venture between China’s Yongjin Technology Group and Foshan Lianhongyuan Stainless Steel Co., Ltd., marks Yongjin’s first overseas manufacturing base and a critical milestone in its global expansion strategy. Established in April 2019 with a registered capital of USD 55 million and a total investment of USD 140 million, the facility is strategically located in Longjiang Industrial Park, Tan Phuoc District, Tien Giang Province. Designed for an annual production capacity of 250,000 metric tons, the plant broke ground in October 2020 and commenced full-scale operations in April 2022.
Key Highlights:
- Location & Scale: Positioned in Vietnam’s key industrial corridor, the 364,000-square-meter facility leverages proximity to regional supply chains and export hubs.
- Market Focus: Primarily serves Southeast Asian and international markets, producing precision cold-rolled stainless steel for electronics, automotive, and construction applications.
Vietnam Tan Viet: Strengthening Domestic Supply & Regional Synergy
Complementing Vietnam Yongjin’s operations, Vietnam Tan Viet Stainless Steel Co., Ltd., wholly owned by Yongjin Metal Technology (Vietnam) Co., Ltd., was established in November 2022. With a registered capital of USD 25 million and a total investment of USD 185 million (including fixed assets of USD 125 million), the facility is situated in Vietnam Weihua Industrial Park, Nghi Loc District, Nghe An Province. Designed for an annual output of 260,000 metric tons, the project broke ground in May 2023 and focuses on addressing Vietnam’s rapidly growing domestic demand for stainless steel.
Strategic Advantages:
- Regional Complementarity: While Vietnam Yongjin targets export markets, Tan Viet prioritizes local demand, offering complementary product portfolios and geographic coverage.
- Product Diversification: Specializes in cost-efficient stainless steel coils and sheets for household appliances, industrial equipment, and infrastructure projects.
Driving Vietnam’s Industrial Growth
Together, Vietnam Yongjin and Tan Viet underscore Yongjin’s commitment to establishing Vietnam as a strategic manufacturing hub in Southeast Asia. By combining advanced Chinese cold-rolling technology with localized production, the dual facilities achieve:
- Total Annual Capacity: 510,000 metric tons of stainless steel, reinforcing Vietnam’s role in global supply chains.
- Sustainability Alignment: Incorporates energy-efficient processes and waste-reduction systems compliant with international environmental standards.