Update news steel manufacturers
The warning by billionaire Tran Dinh Long has come to fruition: many steel manufacturers are facing serious difficulties.
VN steel manufacturers face difficulties as prices drop and inventories rise
According to the Vietnam Steel Association (VSA), in the first nine months of 2019, domestic steel output reached 18.83 million tons, an increase of 6.7 percent compared with the same period last year.
Imported steel floods into Vietnam
Global steel capacity is forecast to be excessive so steel has been pouring into the Southeast Asia region.
Steel manufacturers report satisfactory business results amid protectionism
Most steel manufacturers had satisfactory business in the second quarter of the year and the first half.
Big investors pour money into agriculture, organic food
VietNamNet Bridge - The repeated alarms about unsafe food has brought great opportunity to several big investors, who have been pouring money into organic food projects.
Pouring money into agriculture: a gamble for Vietnamese tycoons
VietNamNet Bridge - Though they followed methodical production methods, many Vietnamese tycoons, who have succeeded in their core business fields, have harvested bitter fruit in the agricultural industry.
Steel manufacturers struggle with anti-dumping lawsuits
Vietnamese steel manufacturers are awaiting decisions as Thailand, Malaysia and Indonesia, which buy 50 percent of Vietnam’s exports, are taking anti-dumping investigations against imports from Vietnam.
Steel manufacturers fear trade agreement with Russia
VietNamNet Bridge – Domestic steel manufacturers, already suffering heavily from oversupply and competing with low-quality Chinese imports, fear they may be “crushed” by Russia which will enter Vietnam once a free trade agreement is signed.