Export of steel products in the first eight months this year reached 1.77 million tonnes, an increase of 49 percent from the previous year, according to the Vietnam Steel Association (VSA).
Hanoi (VNA) – Export of steel products in the first eight months this year reached 1.77 million tonnes, an increase of 49 percent from the previous year, according to the Vietnam Steel Association (VSA).
During the period, the country produced 11.5 million tonnes, up 29 percent from earlier year and consumed 9.5 million tonnes, an increase of 29 percent.
The price of construction steel went up in August and September, by 150,000-300,000 VND per tonne, reaching 9.5-9.9 million VND per tonne.
In the same period, 13.7 million tonnes of steel products were imported at a cost of 5.15 billion USD, up 62.5 percent in volume and 15 percent in value. China accounted for 🌱6.5 million tonnes or nearly 60 percent of the total imported steel volume.-VNA
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Temporary anti-dumping duties will be levied on some coated steel products imported from China and the Republic of Korea (RoK) from September 16, 2016 through January 13, 2017.
The Ministry of Industry and Trade (MoIT) will directly assess and supervise the development of the 10.6 billion USD Hoa Sen C a N a steel making complex in the south-central province of Ninh Thuan.
The settlement of consequences of the Formosa-triggered marine pollution will be reported at the second session of the 14th National Assembly (NA), slated for this October.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
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Illustrative image (Source: steel-intelligence.com)
