VNSTEEL – Ho Chi Minh City Metal Corporation originated as the Southern Materials and Technical Supply Management Organization, established under Decision No. 775/VT-QĐ dated November 7, 1975, by the Ministry of Materials.

On December 30, 1975, the General Director of the Southern Materials and Technical Directorate issued Decision No. 517/VT-QĐ to restructure the Metal and Equipment Company into two separate entities: Southern Metal Company and Southern Equipment Company.

On November 4, 1976, under Decision No. 827/VT-QĐ, Southern Metal Company was renamed Metal Company Region II.

On January 1, 1986, Metal Company Region II was renamed Ho Chi Minh City Metal Company under Decision No. 746/VT-QĐ.

On May 28, 1993, pursuant to Decision No. 595TM/TCCB by the Ministry of Trade, Ho Chi Minh City Metal Company became a state-owned enterprise under the Vietnam Metal Corporation - Ministry of Trade.

In 1994, Vietnam Metal Corporation was transferred from the Ministry of Trade to the Ministry of Industry.

On November 12, 2003, the Ministry of Industry issued Decision No. 183/2003-BCN to merge the Steel and Industrial Equipment Trading Company into Ho Chi Minh City Metal Company, retaining its trading name as Ho Chi Minh City Metal Company under Viet Nam Steel Corporation.

On September 7, 2005, the Ministry of Industry issued Decision No. 2841/QĐ-BCN approving the plan to convert Ho Chi Minh City Metal Company into a joint-stock company. Ho Chi Minh City Metal Joint Stock Company gained legal status under Vietnamese law on December 27, 2005.

On January 13, 2017, Ho Chi Minh City Metal Joint Stock Company was renamed VNSTEEL – Ho Chi Minh City Metal Corporation.