For the first time, Chairman Tran Dinh Long of Hoa Phat Group has been included on the list of the 1,000 richest billionaires in the world. 

2021 was a prosperous year for steel manufacturers with profits increasing sharply compared with the year before. However, some manufacturers had poor business.

'Buffalo' represents hard work, persistence and stability in the Vietnamese people's conception, and these characteristics are considered to apply to people born in the Year of the Buffalo [according to eastern zodiac].

The unpredictability of the global coronavirus outbreak has disrupted the demand for steel and forced steel projects to lay idle or cut production.

The Vietnamese Ministry of Industry and Trade (MoIT) has decided to apply anti-dumping duties on some colour-coated steel products originating from the Republic of Korea (RoK) and China in the Vietnamese market.

In the second half of this year, increasing competition in product quality, prices and market share are predicted to force steel companies to work harder to maintain their foothold in the market.

The list of Vietnam’s 50 best-performing companies (Top 50) was announced by the Nhip Cau Dau Tu (Investment Bridge) magazine and Thien Viet Joint Stock Company in Ho Chi Minh City on June 27.

The top 70 listed companies witnessed an impressive growth rate of 17 percent in 2018, but many expect growth to be lower this year.

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.