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Carbon Hub → Country × industry → Vietnam · Iron & steel
Data layer · est. 2023

Iron & steel in Vietnam: emitters, CO2 & carbon value

17 tracked facilities, ≈29,512,612 t CO2/yr combined — here are the largest, what that CO2 is worth at current prices, and the sector's reduction pathway. Full sector pathway: decarbonizing iron & steel.

The numbers

Iron & steel in Vietnam at a glance

MetricValueNote
Facilities tracked17with CO2 estimates
Total est. CO229,512,612 t/yrClimate TRACE 2023
Average per facility1,736,036 t/yr
Gross value (full price)€2,224M/yrall tracked CO2 × €75.36/t CBAM ref — before free allocation / EU-bound share
📦 Iron & steel is a CBAM sector. EU-bound exports from Vietnam pay the border price on the 2026→2034 phase-in — how CBAM works.

No carbon-pricing instrument is tracked for this country on this hub — exporters of CBAM goods to the EU still pay the border price with no domestic deduction.

Largest emitters

Top 10 iron & steel CO2 emitters in Vietnam

#FacilityOwnert CO2/yr (est. 2023)Indicative value
1Formosa Ha Tinh Steel plantFormosa Ha Tinh Steel Corp9,222,302€695.0M
2Hoa Phat Dung Quat steel plantHoa Phat Dung Quat Steel JSC6,702,779€505.1M
3Hoa Phat Hai Duong Steel plantHoa Phat Hai Duong Steel JSC2,974,580€224.2M
4Vina One Steel Ben Luc steel plant—2,927,945€220.6M
5VAS Nghi Son Cast Iron and Steel plantNghi Son VAS Group JSC2,816,235€212.2M
6ASEAN Steel Hoa Phu steel plant—1,219,977€91.9M
7Viet Nhat VJS Nam Cau Kien steel plant—1,219,977€91.9M
8Tuyen Quang Iron and Steel Long Binh steel plant—867,170€65.3M
9Lao Cai Cast Iron and Steel PlantLao Cai Cast Iron and Steel789,052€59.5M
10Pomina Steel 3 Phu My plantPomina Steel JSC203,290€15.3M

Climate TRACE satellite estimates via IndustryAtlas — modelled, not verified; some entries aggregate clusters. Corrections welcome.

⬇ This table (CSV)🖨 PDF for management
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Same industry, other countries
Iron & steel in China
1,317,489,541 t CO2/yr
Iron & steel in India
188,820,298 t CO2/yr
Iron & steel in Japan
101,526,243 t CO2/yr
Iron & steel in Russian Federation
86,914,845 t CO2/yr
Iron & steel in South Korea
81,601,450 t CO2/yr
Other industries in Vietnam
Cement in Vietnam
42,004,994 t CO2/yr
Chemicals in Vietnam
3,948,001 t CO2/yr
FAQ

Questions

How many iron & steel facilities does Vietnam have with tracked emissions?
17 facilities carry satellite-based CO2 estimates in our dataset (Climate TRACE 2023), totalling ≈29,512,612 t CO2/yr.
What is the largest iron & steel emitter in Vietnam?
Formosa Ha Tinh Steel plant — ≈9,222,302 t CO2/yr (est. 2023). Estimates are modelled, not verified declarations.
What would this CO2 cost at the CBAM price?
The gross full-price value is ≈€2,224M/yr (all tracked CO2 × €75.36/t CBAM ref). Actual CBAM liability is far smaller: it falls only on emissions embedded in EU-bound exports, and only on the phased-in share — 2.5% in 2026 rising to 100% by 2034 (Reg (EU) 2023/956).
How this page is built: heat-loss figures follow ASTM C680 / ISO 12241 (the method behind our public calculators); facility emissions from Climate TRACE & EU ETS verified data across 30,000+ industrial sites; the 2026–2034 schedule is Regulation (EU) 2023/956, not a forecast. Published by Inzonex Research. Spotted an error? Tell us — we correct on evidence.
Source: Inzonex Carbon Hub — inzonex.co.uk/carbon · prices dated as shown on each figure · schedule per Regulation (EU) 2023/956 · indicative analytics, not compliance advice.