Dear Valued Customers, Esteemed Partners, and All SIMCO Employees,
As I look back on SIMCO’s 25-year journey, I am filled with emotion and pride. Our 25-year path was born from a dream — the dream of building a more beautiful Hanoi, a more prosperous Vietnam. This aspiration was kindled within me during the fierce years of war, when B-52 bombers roared overhead, and my history teacher’s words etched deeply into my heart: “When the war ends, we must devote ourselves to rebuilding a richer and more beautiful capital.”
In 1999, SIMCO entered the market with unwavering will and belief. Originally established as a limited liability company on March 29, 1999, with just VND 800 million in startup capital, SIMCO later evolved into the Joint Stock Company of Steel and Industrial Materials. Today, SIMCO proudly serves as the lead investor in Viet Duc Steel Production Group, one of the top steel manufacturers in Vietnam.
SIMCO has never chosen the easy path. In the face of economic crises, we steadily expanded and diversified our industries. I understood clearly that relying on a single sector would expose us to significant risk. It was our strategy of building a complementary multi-industry ecosystem that allowed SIMCO to grow resiliently and sustainably through market volatility. Today, SIMCO operates across more than 40 business sectors — from metals, construction materials, freight transport, and civil construction, to real estate transactions, consultancy, brokerage, investment, and food services. Our total equity has now surpassed VND 1,200 billion.
Throughout over two decades of development, SIMCO has held fast to its guiding principle: “One tree alone cannot make a forest; three trees together form a mighty mountain.” Every step forward we’ve taken has been supported by our customers, partners, and the dedicated individuals who have stood with us through every high and low.
We don’t choose to stand by our customers only when things are smooth — we remain with them through the storm. To me, a brand only holds real value when it becomes a reliable anchor in the most challenging times.
In every decision, I constantly remind myself and my team: Reputation is SIMCO’s most valuable asset. We are willing to take one step back to go further alongside our partners. We don’t turn our backs when our customers face difficulty, nor do we let go when the journey remains unfinished. That is why the handshakes made 15, 20, even 25 years ago remain as firm today as they were at the beginning. SIMCO is more than a supplier or business partner — we have become a true companion to leading names such as Vingroup, Hoa Binh, Coteccons, BIM Group, Lilama, and Vinaconex.
We are proud that SIMCO has contributed to most of Vietnam’s key national projects — from the National Assembly House, National Convention Center, Noi Bai and Tan Son Nhat Airports, Hanoi Museum, Ca Mau Gas-Power-Fertilizer Complex, A Vuong, Dakmi, and Lai Chau Hydropower Plants; to wind and waste-to-energy power projects, Can Tho Bridge, Hai Van Tunnel, and Vingroup’s modern urban developments. Beyond steel and industrial materials supply, SIMCO has made a strong entry into real estate brokerage, trading, and investment, leaving its mark on projects such as SIMCO Building, Splendora Urban Area, and the international 5-star Fraser Residence Hanoi — a flagship project of the global Fraser Hospitality system.
In parallel with our diverse business expansion, we have also affirmed our position through strategic investments in large-scale enterprises and projects. SIMCO is currently a shareholder in GPInvest Global Real Estate Joint Stock Company. Additionally, SIMCO is a founding shareholder of the Xuan Minh Hydropower Project, underscoring our commitment to sustainable investments and the promotion of clean, stable energy sources. We are also focusing on a 27-storey mixed-use building project at 28 Pham Hung Street, with an expected investment of VND 2,000 billion. This development is anticipated to become a new landmark for SIMCO at the western gateway of Hanoi.
To our team, I firmly believe that unity is our greatest strength. SIMCO does not only build external structures but also nurtures our internal “home,” where each employee feels respected and valued. Our policies are practical and our leadership support is genuine — driven by a desire that as SIMCO grows stronger, every member of our family grows and thrives as well.
Looking toward 2030, SIMCO will continue on its path of sustainable development, focusing on key pillars: steel, industrial materials, real estate investment and trading, office leasing, and clean energy. Before striving to become a large conglomerate, the greater goal that SIMCO and I always aim for is to be the most trusted enterprise — a place where customers place their trust, where partners feel secure in our companionship, and where every employee is proud to belong.
Sincere thanks to our customers, partners, and every SIMCO team member for your trust and companionship. The past 25 years have been a memorable journey — filled with triumphs, but also challenges. Yet I believe this is just the beginning. SIMCO’s most remarkable chapters are still ahead. It is that spirit of unity, companionship, and shared resilience that will remain our strength as we continue to reach new heights and write ever prouder stories.
Warm regards,
Nguyễn Thị Thanh Thủy
Chairwoman
SIMCO – Joint Stock Company of Steel & Industrial Materials
