An expanding economy needs something solid to builds its foundations on. There is a correlation between economic growth and steel consumption, Chu Duc Khai, vice chairman of the Vietnam Steel Association (VSA), said at a workshop last week, the Vietnam News Agency reported. Faster economic growth means more steel will be needed to make everything from cars…
Vietnam’s listed steel companies can achieve higher growth in 2017 despite a volatile and predictable international market if they optimise operations and exploit missing links in the sector’s supply chain, experts said on March 13. Given recent international developments, global markets are likely to exhibit some signs of volatility and instability, Dang Tran Hai Dang,…
Hoa Sen Group (HSG) and Hoa Phat Group (HPG), the two steel giants of Vietnam, are racing to build big new steel plants, and big steel complexes, despite concerns about environmental pollution and a possible steel surplus in Vietnam. On March 1, 2017, HSG broke ground on a steel pipe plant located in Yen Bai…
According to the Ministry of Industry and Trade, Vietnam steel industry grew significantly in 2016. However, 40% of domestic steel demand has been satisfied. According to the Ministry of Industry and Trade, iron and steel production in 2016 grew significantly, but only satisfied about 40% of the domestic steel demand. This industry continues to record…