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

20 tracked facilities, ≈29,802,538 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

Metric	Value	Note
Facilities tracked	20	with CO2 estimates
Total est. CO2	29,802,538 t/yr	Climate TRACE 2023
Average per facility	1,490,127 t/yr
Indicative carbon value	€2,246M/yr	at €75.36/t CBAM

📦 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

#	Facility	Owner	t CO2/yr (est. 2023)	Indicative value
1	Formosa Ha Tinh Steel plant	Formosa Ha Tinh Steel Corp	9,222,302	€695.0M
2	Hoa Phat Dung Quat steel plant	Hoa Phat Dung Quat Steel JSC	6,702,779	€505.1M
3	Hoa Phat Hai Duong Steel plant	Hoa Phat Hai Duong Steel JSC	2,974,580	€224.2M
4	Vina One Steel Ben Luc steel plant	—	2,927,945	€220.6M
5	VAS Nghi Son Cast Iron and Steel plant	Nghi Son VAS Group JSC	2,816,235	€212.2M
6	ASEAN Steel Hoa Phu steel plant	—	1,219,977	€91.9M
7	Viet Nhat VJS Nam Cau Kien steel plant	—	1,219,977	€91.9M
8	Tuyen Quang Iron and Steel Long Binh steel plant	—	867,170	€65.3M
9	Lao Cai Cast Iron and Steel Plant	Lao Cai Cast Iron and Steel	789,052	€59.5M
10	Pomina Steel 3 Phu My plant	Pomina Steel JSC	203,290	€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

1,319,029,532 t CO2/yr

Iron & steel in India

188,820,298 t CO2/yr

Iron & steel in Japan

101,717,091 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

Textiles, leather & apparel in Vietnam

1,637,718 t CO2/yr

FAQ

Questions

How many iron & steel facilities does Vietnam have with tracked emissions?

20 facilities carry satellite-based CO2 estimates in our dataset (Climate TRACE 2023), totalling ≈29,802,538 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?

≈€2,246M per year at €75.36/t — indicative full-price value; actual cost depends on the EU-bound export share.

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 — manufacturer of modular removable insulation (UK Patent GB2508992.1). Spotted an error? Tell us — we correct on evidence.