steel

Update news steel

Vietnam to apply more trade remedies to protect production

VietNamNet Bridge - Following many successful cases, there is now a growing tendency in Vietnam to apply trade remedies to protect locally made products.

Who will receive the biggest benefits from the steel production policy?

VietNamNet Bridge - Hoa Phat Group, VnSteel, Tisco and Viet Y Steel will benefit the most from the Ministry of Industry and Trade’s (MOIT) decision on July 18 to protect domestic production.

Vietnamese businesses to sue foreign steel manufacturers

MOIT has confirmed that the agency is following necessary procedures to deal with the case in which four Vietnamese steel manufacturers have proposed to apply trade remedies against ingot steel and long steel imports.

Chinese steel imports crowd out domestically made product

Though demand is predicted to increase by 15 percent in 2015, steel manufacturers still anticipate a difficult year ahead because supply from both domestic sources and imports will increase even more sharply.

BUSINESS IN BRIEF 24/10

India rolls out red carpet for Vietnamese investors; Russian, Vietnamese firms enhance connectivity; Textile businesses investing in advance of TPP

VN exporters face more anti-dumping lawsuits as US considers new duties on steel

 VietNamNet Bridge – The number of commercial lawsuits against Vietnamese products is on the rise, with a wide range of products the subject of litigation, including steel, seafood, fiber, tires, footwear and plastic bags.

BUSINESS IN BRIEF 10/12

 Rolled steel anti-dumping tariff could freeze imports; Business urges the government to bulldoze red-tape; Denmark rolling out red carpet to Vietnamese firms; Foreign investor confidence returns

BUSINESS IN BRIEF 29/9

 VFA lowers rice export target; Local lending grows by 5.83%; Local firms lack knowledge of TPP trade agreement; Lax management blamed for uncontrollable imported milk prices

BUSINESS IN BRIEF 24/8

 CPI to increase by 6.77% in 2013; Petrol prices slightly decrease; Plastic material import tax hike from 2014; VietinBank gets approval to expand; Smartlink cards increase coverage

In anti-dumping lawsuits, Vietnam is usually defendant

 VietNamNet Bridge – Vietnamese enterprises raised three trade remedy lawsuits against foreign exporters, while they were the defendants in a lot of lawsuits raised by foreign importers.

The power – steel feud blazes up furiously

 VietNamNet Bridge – Every time when the Electricity of Vietnam (EVN) plans to raise the retail electricity price, the war between the power generator and steel mills escalates.

BUSINESS IN BRIEF 16/7

 Wood exports forecast to reach US$5.5 billion in 2013; Wastewater from seafood firms pollutes fish farms; Dragon Capital funds fall in June on ETF redemptions; Shoes, leather products showcased

Steel giant reports large losses in first half

 VietNamNet Bridge – The majority of the Viet Nam Steel Corporation's (VNSteel) associate companies have reported losses and face difficulties due to the quiet real estate market and lower market prices.

BUSINESS IN BRIEF 9/7

 VNA, Rolls-Royce in talks over aircraft engine deal; Dealing with trade lawsuits; Vietnam, EU end fourth FTA round; Second aircraft spare parts factory to take shape; Anti-dumping probe on stainless imports

BUSINESS IN BRIEF 7/7

 State budget collection increases; VEPR says 7-10 years needed to tackle bad debts; VNCB to raise capital to VND7.5 trillion; G-bonds forecast to sell well in H2; Mid-end condos still sell well

BUSINESS IN BRIEF 30/6

 Cell phone export to UAE reaches US$1.36 billion; Garments and textiles to enjoy zero percent tariffs; Major infrastructure investment priorities discussed; SOE cutbacks expected as State tightens belt

Building material manufacturers regain consciousness on warming market

VietNamNet Bridge – The frozen real estate market is defrosting on the information about the disbursement of the VND30 trillion bailout, which has also revived the building material industry

BUSINESS IN BRIEF 17/5

 World electronics forum opens in capital; Hai Duong's IZs absorb $3 billion; VN rises as smartphone producer; Steel industry set to apply new standard; New stimulus plan buoys stock market

BUSINESS IN BRIEF 23/4

Possible tax breaks cause concern for budget; Economist urges removal of interest rate caps; Steel sector sees positive signs in 2013; Possible tax breaks cause concern for budget

BUSINESS IN BRIEF 18/4

Agro-products to face tough battles ahead; HCM City eyes economic growth of 9.5-10%; Commodity exchanges call for help; Ornamental-fish sector revises business strategy