Vietnam steel industry

Update news Vietnam steel industry

Vietnam's steel exports reach US$10 billion for first time

Data published from the General Statistics Office shows that in the first 11 months of 2021, Vietnam's exports totaled $299.67 billion, increasing by 17.5% over the same period last year.


Vietnam’s steel group in the world’s top 15 for market capitalization

Hoa Phat Stee Group of billionaire Tran Dinh Long has entered the world's top 15 corporations in terms of market capitalization.

Vietnam's steel sales increase due to exports

Steel enterprises have boosted exports while facing difficulties in domestic consumption due to the COVID-19 outbreak, according to the Vietnam Steel Association (VSA).

Steel manufacturer tries to revive after 10 years of being idle

The expansion of the Thai Nguyen steel project has yet to be completed after 14 years. Several former managers of the Thai Nguyen Iron and Steel JSC (Tisco) have been sent to prison for wrongdoings related to the project.

One project fails, three CEOs prosecuted

The Thai Nguyen iron and steel project phase 2 has been left idle for many years, bringing about the dismissal and prosecution of high ranking managers of Tisco (Thai Nguyen Iron and Steel JSC) and VNSteel (Vietnam Steel Corporation).

Stagnated construction leads to large steel inventories

The COVID-19 pandemic has led to many construction and real estate projects being delayed, resulting in large inventories of construction materials, especially steel.

Tough spot for steel ventures as pandemic cuts off progress

The global coronavirus developments coupled with the falling demand are adding more pressure for some steelmakers to lay idle their projects, cut products, or ponder mergers and acquisitions strategies to ensure their cash.

Local steel firms face challenges in exporting to EU despite FTA

Vietnam’s steel industry would face many challenges in exporting steel to the EU despite the advantages gained under the Vietnam - EU Free Trade Agreement (EVFTA), according to experts.

Australia initiates anti-dumping lawsuit against Vietnamese aluminum zinc coated steel

The Australian Anti-dumping Commission (ADC) initiated two anti-dumping and anti-subsidisation investigations for some aluminium zinc coated steel products, which originate from Vietnam and some other countries.

Vietnam needs to do more to avoid trade fraud

The steel industry is facing lawsuits against tax evasion and dumping, according to information from the Vietnam Steel Association.

Japan's Hanwa buys 65% of Vietnamese steel coil plant

Hanwa Co., a Japanese firm trading in a wide range of products including steels and construction materials, has bought a 65-percent stake in a Vietnamese steel coil maker, according to NNA Japan.


VN Trade Ministry delays anti-dumping probe on steel imports from China

The Ministry of Industry and Trade (MoIT) has extended the time to decide the launch of an anti-dumping investigation on cold-rolled carbon steel coils and sheets imported from China by another 30 days.


New steel projects bewilder producers

The total designed capacity of the domestic cold-rolled steel industry reached more than 700,000 tonnes, so local producers now can only run at about half of their designed capacity, according to the petition.

Vietnam steel industry expected to stay upbeat in 2019

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.