On December 27, 2023, Stavian Industrial Metal Joint Stock Company (Stavian Industrial Metal), a member of the Stavian Group, and FECON Joint Stock Company (FECON Group) signed a Memorandum of Understanding (MoU) on business cooperation. The signing ceremony was attended by Mr. Nguyen Minh Tu, Vice Chairman of the Stavian Group and Chairman of Stavian Industrial Metal, Mr. Pham Viet Khoa, Chairman of the FECON Group, and representatives from the leadership of both companies.

This agreement marks a significant beginning, aiming for comprehensive cooperation and development in various sectors, including investment, construction, supply of raw materials, logistics services, finance, and other related fields.

According to the agreement, Stavian Industrial Metal will prioritize facilitating connections for FECON with construction projects invested by the Stavian Group or its partners, ensuring fair competition in terms of pricing and quality. Additionally, Stavian Industrial Metal will assist in promoting collaboration between FECON and the Stavian Group for developing industrial zones, logistic centers, and other infrastructure projects.

In projects and construction contracts where FECON acts as a contractor, they prefer to use iron and steel products distributed by Stavian Industrial Metal based on fair competition in pricing and quality. Both parties are willing to explore opportunities for cross-selling their products and contribute value to each other’s customer ecosystems.

This cooperative agreement is expected to enhance competitiveness and unlock new potential for both companies' business and investment development. It also provides an opportunity for mutual learning and improvement of capabilities and experiences, leveraging each other’s strengths to establish a foundation for conquering new customers and markets.

The collaboration with FECON, an entity renowned for its credibility and reputation across various investment and construction projects, particularly in foundational and underground works, reinforces Stavian Industrial Metal’s commitment to sustainable development, providing comprehensive solutions for customers and partners while continually improving the quality of its services.