TAY NAM STEEL LIGHTS UP MARCH 8 WITH THE “DREAMY BEAUTY, RADIANT CELEBRATION” EVENT

Vietnam’s steel industry is undergoing a significant transformation — not only aiming for growth but also for sustainable development. At the 6th Congress of the Vietnam Steel Association (VSA), the commitment to achieve Net Zero by 2050 was officially established as a core strategic direction. Tay Nam Steel is not standing aside; the company is taking clear, deliberate steps to join the industry’s green transition journey. Vietnam’s Steel Industry Progresses Step by Step Toward Green Standards At the 6th Congress of the Vietnam Steel Association (VSA) held in May 2025, the report showed that Vietnam’s domestic steel consumption reached over 24.5 million tons in 2024 — the highest level in the past decade. From 2019 to 2024, the total volume of finished steel products surpassed 176 million tons, reflecting the industry’s impressive growth momentum. However, this rapid growth also comes with significant challenges. The steel industry is currently among the largest sources of CO₂ emissions. At the same time, green trade barriers such as CBAM (Carbon Border Adjustment Mechanism) from the EU have started taking effect, requiring Vietnamese steel manufacturers to adopt clear emission reduction pathways in order to maintain their export capacity and global integration. (Source: Ministry of Industry and Trade) VSA Sets Net Zero Target and Recommends Concrete Actions At the 6th Congress, VSA set a clear vision: Vietnam’s steel industry will aim for carbon neutrality (Net Zero) by 2050. To achieve this goal, the association recommends that businesses take the following actions: Transition to Electric Arc Furnace (EAF) technology to reduce dependence on blast furnaces Apply Carbon Capture, Utilization, and Storage (CCUS) technologies Increase the use of recycled materials and renewable energy Conduct greenhouse gas inventories and product life cycle assessments, following international standards such as ISO 14064-1:2018 and ISO 14067 Implementing these standards not only enhances

(Tay Nam Steel) – On July 3, 2025, according to the latest update from the Vietnam Steel Association (VSA), the domestic steel market in July continues to show clear signs of recovery: steel prices remain stable, demand is rising thanks to increased public investment, and domestic supply remains steady.This is considered a favorable time for investors and contractors to proactively secure materials and get ahead of the peak construction season at the end of the year. Steel Output Continues Steady Growth According to data from the Vietnam Steel Association (VSA), in the first quarter of 2025, crude steel output reached 5.81 million tons (up 9.1%) and finished steel reached 7.464 million tons (up 5.7%) compared to the same period in 2024. These figures indicate that the steel industry is experiencing a positive recovery, driven by strong domestic demand—especially from public investment projects. (Source: VSA) Three Key Factors Stabilizing the Steel Marke According to statistical data, three main factors are contributing to the gradual stabilization of the steel market: Optimized Production Costs The prices of iron ore and coking coal—two primary input materials—have dropped significantly in recent months, while steel selling prices have only seen a slight increase. This cost balance allows manufacturers to improve their gross profit margins, strengthen supply capabilities, and help stabilize market prices. Protection of the Domestic Market The implementation of anti-dumping duties on imported steel from China is a positive move, creating a level playing field and supporting the sustainable growth of Vietnam’s steel industry. Strong Growth Expected in Q2/2025 With efficient production and favorable input prices, several enterprises in the sector expect to achieve over 20% profit growth in Q2. This continues to reinforce confidence in the recovery and stabilization trend for the second half of the year. Tay Nam Steel – Steadfast with Vietnam’s

“Every homeland sky is part of the nation’s sky.” Every sturdy roof, every safe structure forms the foundation for a sustainable journey of growth. In accordance with the Resolution of the National Assembly Standing Committee, the administrative boundary adjustments will officially take effect on July 1, 2025. Tay Nam Steel Production and Trading Co., Ltd. (Tôn Tây Nam) would like to inform you of our updated address from that date as follows: Head Office: Thien Loc Thanh Industrial Cluster, Hamlet 4, My Le Commune, Tay Ninh Province, Vietnam Representative Office: 1073–1074, Thai Son Residential Area, East–West Road, Nha Be Commune, Ho Chi Minh City As a company operating in the building materials industry, Tay Nam Steel is always ready to accompany every transformation in infrastructure, economy, and local development across the country. Currently, Tay Nam Steel has a distribution network covering 34 provinces and cities in Vietnam and over 50 countries worldwide. We are committed to delivering swift and efficient service to all types of projects — from modern urban centers to rural developments, from industrial zones to coastal and remote mountainous areas. We believe that every step in the nation’s progress inspires us to walk alongside and contribute — from building solid rooftops to creating enduring structures that stand the test of time. Tay Nam Steel – Buil to last #TayNamSteel #BuiltToLast #AdministrativeBoundaryChange #BuildingMaterials #GalvanizedSteel #OfficialAnnouncemen

On June 17, 2025, at the headquarters of Tay Nam Steel Production & Trading Co., Ltd. (Ton Tay Nam), the Certification Ceremony for ISO 14064-1:2018 and ISO 14067:2018 standards was held, certified by BSI Vietnam. This is a significant milestone that marks Ton Tay Nam’s strong commitment to a sustainable development strategy, greenhouse gas emissions control, and the pursuit of minimizing the carbon footprint in industrial production. ISO 14064-1:2018 and ISO 14067:2018 – Two Key Standards in Emissions Management ISO 14064-1:2018 is an international standard that provides guidance on identifying, measuring, and reporting greenhouse gas (GHG) emissions at the organizational level. Meanwhile, ISO 14067:2018 focuses on quantifying the Product Carbon Footprint (PCF) of individual products, thereby helping businesses develop emission reduction strategies tailored to each specific value chain. Speaking at the ceremony, Mr. Doan Van Khai – Business Development Director of BSI Vietnam, highly praised the efforts made by Ton Tay Nam to achieve these rigorous standards. “I’m truly impressed by Ton Tay Nam’s proactive and serious approach to adopting international standards. The company’s implementation of GHG inventory in accordance with ISO 14064-1:2018 and its product carbon footprint assessment following ISO 14067:2018—something not all businesses are ready to pursue—demonstrates a strong commitment to sustainable development and environmental data transparency. These are values increasingly prioritized by the global market,” he emphasized.” Sustainable Commitment – A Milestone on the Green Development Journey At the ceremony, Mr. Bui Van Hung – Assistant to the General Director, in charge of system management, emphasized: “We are committed to continuously maintaining and improving our greenhouse gas management system in particular, and environmental management system in general. We will closely monitor emissions data and progressively reduce the carbon footprint of each product. In the context of globalization and increasingly strict requirements from international markets—such as the EU’s