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.

Global steel capacity is forecast to be excessive so steel has been pouring into the Southeast Asia region. 

Most steel manufacturers had satisfactory business in the second quarter of the year and the first half. 

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. 

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.

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.

 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.