Tran Dinh Long’s net worth rose by $40 million to $2.3 billion as Hoa Phat shares climbed 1.7% on Oct 14, according to the article. This gain shows how quickly a single stock move can boost a billionaire’s fortune.

Steel stocks such as Nam Kim, Viet Duc and Vietnam Steel rallied, defying broader market weakness, the report notes. Their strong performance highlights the sector’s resilience despite overall market pressure.

Domestic steel consumption in Q3 2026 was projected to reach 7.68 million tonnes, up 20% year‑on‑year, with construction steel up 26% and hot‑rolled coil (HRC) up 35%, the source states. At the same time, construction steel prices rose about 7% YoY to $560 per tonne and HRC prices rose 6% to $550 per tonne.

Hoa Phat’s net profit is forecast to increase 40% year‑on‑year, supported by stronger sales, higher margins, and a planned high‑tech railway‑steel plant, according to the article. The profit outlook suggests further upside for investors in the company.

The steel sector’s bounce signals higher earnings for leading producers and more buying interest from investors. As demand and prices keep rising, the rebound could lift both personal portfolios and Vietnam’s overall economic growth.