Vietnam-Germany VG PIPE Steel Pipe Factory was established in Binh Xuyen Industrial Park, Binh Xuyen district, Vinh Phuc province.
January 29
Decided to convert to Vietnam Germany Steel Pipe JSC with charter capital of 35 billion VND equivalent to 3.500.000 shares with par value of 10.000 VND/share.
March
The company issued a separate placement to increase charter capital from VND 35 billion to VND 70 billion.
September
VG PIPE established Vietduc Steel JSC – VDS with the main business line of producing cold rolled steel sheets and large steel pipes, VGPIPE accounts for 99.99% of charter capital.
November
The company officially became a public company.
November 20
According to Decision No. 455/QD-TTGDHN of the Hanoi Stock Exchange, approved the listing of shares of Vietnam Germany Steel Pipe JSC VG PIPE, and on December 4, 2008, The Company’s shares were officially traded on the Hanoi Stock Exchange Center.
December
The company increased its charter capital from 70 billion VND to 125.997.100.000 VND from dividends and bonuses to shareholders in shares.
The company has issued an increase in capital from 125.997.100.000 VND to 375.997.100.000 VND for existing shareholders, auctions and strategic shareholders.
The company has contributed capital to establish Vietnam Germany Steel Production Joint Stock Company (Associated Company) to produce hot rolled construction steel.
Contribute investment capital to Vietnam Germany Investment And Development Joint Stock Company (associated company) specializing in construction and real estate business and Vietnam Germany Steel Production Joint Stock Company specializing in high quality steel production.
The company has implemented the construction of Vietduc Financial building in Vinh Yen city, divided into 2 blocks: office and apartments.
The company expanded the galvanized steel production project at Vietduc Steel Joint Stock Company (Subsidiary).
The company has invested in 5 new Zinc-coated steel pipes production lines with new and advanced technology to bring good quality products to customers.
The company officially has a warehouse in the Central with a nearly 5,000 m2 of office area and warehouse system. It also has a capacity of over 4,000 tons of steel pipes and steel of other kinds.
The company has put the second Zinc-coated steel production line into operation and replaced 04 old steel pipe production lines.
December
The Company invested additional capital of 20 billion VND in Vietnam-Germany Steel Joint Stock Company (Subsidiary) to invest in expanding production for this Company.
The company has put the 3rd Zinc-coated steel production line into operation along with 4 pipe bending lines.
The fabricated steel factory under Vietnam-Germany Steel Production Joint Stock Company (Associated Company) has officially come into operation and marked the production capacity of the entire group up to 1.300.000 tons/year.
March
Construction of a commercial center and offices for rent in Me Linh – Hanoi.
August
Implemented land clearance and completed legal procedures related to the Legend City project.
Awarded: Hero of Labor in the Renovation Period by the President
VGS is one of 4 steel pipe and construction steel manufacturing enterprises, having the largest market share in Vietnam.
April
Commencement of Legend City project (a 62 hectares of Urban area)
October
Modena Vinh Yen international hotel by Fraser Hospitality comes into operation
