Spokesperson for the Ministry of Foreign Affairs, Le Thi Thu Hang, said Vietnam's persistent stance is protecting the living environment and people's health as the top priorities and not pursuing economic growth at the expense of the environment.
The unpredictability of the global coronavirus outbreak has disrupted the demand for steel and forced steel projects to lay idle or cut production.
The largest steelmaker in Vietnam is considering a hold on its third blast furnace facility due to concerns with China’s steel presence in the country.
The Ministry of Industry and Trade (MoIT) on Monday launched an anti-dumping investigation on Biaxial Oriented Polypropylene (BOPP) film originating from China, Thailand and Malaysia.
The Thai Nguyen Department of Natural Resources and the Environment has proposed stopping the recycling of Formosa’s slag to make steel, saying that slag cannot meet the requirements for recycling.
While some economists warned of the possibility of Vietnam lagging further behind regional countries, others believe that Vietnam will still perform well.
Local steel industry is projected to enjoy a growth rate of some 10 per cent during 2019 which would be primarily driven by two key projects in the central region, the Ministry of Industry and Trade has said.