steel industry

Local steel industry sees recovery momentum

09:42 | 17/08/2024 Import-Export

VCN - The profits of steel industry enterprises in the second quarter of 2024 recorded very high growth compared to the same period, but there are still differences, some businesses even continue to sink in losses.

The steel industry is concerned about the mechanism of CBAM carbon border adjustment

14:36 | 04/08/2023 Import-Export

VCN - From 1 October 2023, the EU's Carbon Border Adjustment Mechanism (CBAM) - a new EU policy instrument that allows additional taxes on high-emissions imports - began to be implemented for transition period.

UKVFTA provides opportunity for steel industry to expand exports, switch to decarbonisation

13:49 | 07/09/2022 Import-Export

The UK – Vietnam Free Trade Agreement (UKFTA) was providing significant opportunities for Vietnam to expand the export of steel and iron products in the UK.

Steel industry to join 10-billion USD export club

19:59 | 28/10/2021 Import-Export

With a record export growth rate in the first nine months of 2021, steel is forecast to soon join the 10-billion USD export club.

Steel and mechanical enterprises look forward for more supportive policies

10:34 | 09/03/2021 Import-Export

To remove difficulties for businesses, the Vietnam Steel Association proposes the Ministry of Finance to direct local tax authorities to extend tax payment time and budget revenues of steel enterprises

Iron and steel exports witness big leap

18:17 | 07/03/2021 Import-Export

During the opening two months of the year, iron and steel exports have enjoyed a stellar growth rate of 71.9% compared to the same period from last year, with major domestic firms such as Hoa Phat and Hoa Sen exporting large shipments.

Two FDI giants in the steel industry face financial problems

20:38 | 30/01/2021 Import-Export

VCN- However, the report of the Ministry of Finance stated the company's loss in 2019 wasVND11,538 billion, 4.2 times higher than the loss of VND2,727 billion inthe previous year.

Steel industry not likely to have the best of times in 2020

19:38 | 15/01/2020 Import-Export

The Vietnamese steel industry is expected to face difficulties this year due to an increase in production capacity falling demand and protectionist measures by countries to reduce imports

Steel industry confident of maintaining growth momentum

16:33 | 18/04/2019 Import-Export

VCN - With positive results in the first quarter, it is expected that the steel industry willto maintain its growth momentum until the end of the year, especially as there are large steel projects operating at full capacity.

Steel industry expected to stay upbeat in 2019

19:48 | 09/04/2019 Import-Export

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.

The steel industry has maintained its growth momentum

14:55 | 19/11/2018 Import-Export

2018 is a relatively hard year for Vietnam steel industry because it faces a series of trade defense cases as well as fierce competition of foreign steel in the domestic market.

Steel industry in litigation

14:38 | 26/08/2018 Import-Export

VCN - In less than a month, Vietnamese steel industry is facing up to 8 lawsuits from seven markets imposing trade remedy tariffs. "Reeling" in the spin of litigation is expected to have a significant impact on steel production and export in the coming ti