From 2020-2022, more than 50 innovative initiatives have been proposed and implemented by the employees of Hoa Phat Dung Quat Steel Joint Stock Company, bringing the total value to the Company up to 130 billion VND.

Grade B500B meets the UK's strict UKCares standards, accounting for 50% of the Group's total exports

Approximately 25 initiatives will be implemented at Hoa Phat Dung Quat Steel Joint Stock Company by the end of 2022 in departments and factories. In particular, many initiatives to improve efficiency contribute to improving production and product quality. The Iron factory and QSP factory had same total of six innovation initiatives for each. The topic presented by QSP factory is "Improving and providing solutions for automatic billet alignment into QSP Steel Rolling Factory's tunnel kiln system" by Mr.Bui Van Tiep, Le Huu Y, and Le Van To. Furthermore, reducing the number of oil pumps operating for hydraulic system FH1 and restoring spark plugs in the tunnel furnace area contributed to the factory's energy efficiency. Meanwhile, the iron factory has many innovations in design and software such as: Designing backup electrical cabinets for drilling, blast furnace TMT mud gun; Designing software for storing and retrieving data of operating parameters of blast furnaces of Cast iron Plant; Design and installation of the intermediate tank leveling radar for blast furnaces; Improve the system of surveillance cameras for blast furnace throat ... enhancing production efficiency by supporting the  operation process. In addition, the project "Improving the feeding mode to stop the wind" has also saved about VND500 million for each maintenance stop... The Coking plant has 3 initiatives approved and rewarded by the Board of Directors, including the initiative "Design to improve the CDG rotating cup liner and the fixture to replace the vortex cup bottom liner" with an A+ rating. Improvements of the steel making factory focused on the SRD slag-stopping arrow-dropping device – Steel Workshop, and the improvement of the ESP electrode cover humidifier system… In 2022, the long steel rolling mill achieved 50% of the Group's total exports by improving the process to produce B500B steel to meet UKCares standards. Although it is a specific industry, at Hoa Phat Dung Quat Steel, many female employees also promote and contribute to initiatives. For example, Ms. Nguyen Thi Hong My, technology manager of thermal power Plant and colleagues proposed the idea of replacing consumable chemicals. They also proposed the process of using the online water quality monitoring system of the thermal power Plant. In the past year, the technology engineers of Hoa Phat Dung Quat Steel also researched and developed high-quality steel lines, especially difficult technical steel lines such as rolled steel for car tires.... As a result of these topics, Hoa Phat's steel products for domestic markets and foreign markets have been diversified.