Viet Nam Steel Corporation is founded based on the combination of 2 Corporations namely Steel Corporation and Metal Corporation.

- Steel Corporation specialises in producing iron and steel products, with major companies namely Thai Nguyen Iron and Steel Company, Southern Steel Company and Da Nang Steel Company

- Metal Corporation specialises in trading metal through a broad distribution network at industrial zones, cities, provinces and major economic zones.

Period 1996-2006, Viet Nam Steel Corporation was organised and operated in the model of a 91 Corporation. On July 1 2007, Viet Nam Steel Corporation completed legal procedures and internal operational regulations for its transformation to a Parent-Subsidiary Company in accordance with the Prime Minister’s Decision.

Current organisational structure of Viet Nam Steel Corporation:

Managerial and administrative mechanism:

+ Board of Management (BOM): 05 members are appointed, dismissed, rewarded and punished by the Prime Minister. The membership consists of a BOM Chairman, 1 member as the President of VNSTeel, 1 member as Head of the Supervisory Board of VNSteel

+ Supervisory Board: members are appointed by BOM of VNSTeel

+ President and 4 Vice Presidents

+ 09 Functional Departments:

Planning and International Cooperation

Procurement and Export-Import

Marketing

Finance – Accounting

Investment and development

Technical and Labor safety

Personnel

Real Estates

Administrative office

Total staff of VNSTeel: 183 persons (Head office: 102, southern office: 81)

Network of dependent units, subsidiaries, cooperatives of VNSteel

- Dependant units: 10 (3 companies, 3 branches, 1 centre, 1 hotels, and 2 non-productive units)

- Subsidiaries: 10 (4 steel producing companies, 1 refractory and building materials producing company, and 4 trading companies)

- Affiliated companies: 24 (9 joint stock companies and 15 liability-limited companies and joint-ventures which will be transformed in line with the 2005 Enterprise Law).

Newly–born companies with shares of Viet Nam Steel Corporation

- Thong Nhat Flat Steel Joint Stock Company

- Container Port Investment Joint Stock Company

- Cement Financing Joint Stock Company

Cooperatives

VNSTeel has perfected the principles and regulations to attract those who would like to join into its network in order to take full advantage of these enterprises and the network as a whole.



Current operational mechanism:

Parent Company – VNSteel is a state owned enterprise directly engaging in production, business, investment and financial activities. It is organised and operated in accordance with the VNSteel Charter approved by the Prime Minister in Decision 91/2007/QĐ-TTg dated on June 21 2007 and other related legal documents of the Ministry of Industry and Trade and other Ministries, VNSTeel has issued regulations on management and operation in each and every aspect of