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Viet Nam Steel Corporation is founded based on the combination of 2 Corporations namely Steel Corporation and Metal Corporation. -Steel Corporation specialises in producing iron and steel products, with major companies namely Thai Nguyen Iron and Steel Company, Southern Steel Company and Da Nang Steel Company -Metal Corporation specialises in trading metal through a broad distribution network at industrial zones, cities, provinces and major economic zones. Period 1996-2006, Viet Nam Steel Corporation was organised and operated in the model of a 91 Corporation. On July 1 2007, Viet Nam Steel Corporation completed legal procedures and internal operational regulations for its transformation to a Parent-Subsidiary Company in accordance with the Prime Minister's Decision.