China’s huge stimulus package to affect Vietnam's key industries

China’s huge stimulus package to affect Vietnam's key industries

Vietnam's seafood, rubber, and steel industries stand to gain from China's latest round of economic stimulus measures.
Two Hoa Phat subsidiaries ruled as dumping steel wire rod

Two Hoa Phat subsidiaries ruled as dumping steel wire rod

Two subsidiaries of Hoa Phat Group have been determined by Canada to be engaging in anti-dumping.
Thua Thien – Hue calls for investment in 32-trillion-VND steel project

Thua Thien – Hue calls for investment in 32-trillion-VND steel project

The central province of Thua Thien – Hue is calling for investment in a 32 trillion VND (1.28 billion USD) steel project in Chan May – Lang Co Economic Zone.
Formosa Ha Tinh reports loss of nearly $666.7 million in 2023

Formosa Ha Tinh reports loss of nearly $666.7 million in 2023

Formosa Ha Tinh Steel JSC reported a loss of VND15.7 trillion ($654.16 million) in 2023, doubling the figure of 2022, while revenue decreased by 3.2 per cent.
Probes ongoing to protect steel firms

Probes ongoing to protect steel firms

An increase in Chinese steel imports is causing pressure on domestic steelmakers and anti-dumping risks.
VNSTEEL – the journey towards “green steel” strategy

VNSTEEL – the journey towards “green steel” strategy

Pham Cong Thao, deputy general director of VNSTEEL, talked to VIR’s Bich Thuy about the firm's “green steel” journey to meet international requirements.
Positive outlook for Vietnam's steel industry in 2024

Positive outlook for Vietnam's steel industry in 2024

The steel industry in Vietnam is expected to have a positive outlook for 2024, with major companies like Hoa Phat and Hoa Sen projected to experience significant recoveries, while small businesses may face challenges in finding output due to the recovery of steel prices and demand from large contractors.
Huge capital currently out of reach for steel transition

Huge capital currently out of reach for steel transition

The domestic steel industry may find it very hard to transition towards climate-friendly production due to capital shortages, energy-related issues, and struggles to meet the EU’s new technical requirements.
Steelmaking can become climate-neutral process

Steelmaking can become climate-neutral process

Steel is one of the world’s most-used materials and a central part of the global economy.
Domestic steel demand expected to rebound amid warming real estate market

Domestic steel demand expected to rebound amid warming real estate market

Domestic steel demand is anticipated to rise this year due to the civil construction recovery and the positive impacts of the global steel market.
Steel firms drop prices for the third time this year

Steel firms drop prices for the third time this year

As global steel prices decline, the domestic consumption has not recovered, leaving steel manufacturers facing difficulties with costly inventories.
Vietnamese steel products certified to meet greenhouse gas inventory standard

Vietnamese steel products certified to meet greenhouse gas inventory standard

BSI - the UK's leading international certification organisation - has just certified ISO 14064-1:2018 standard on greenhouse gas inventory for steel products of Hoa Phat Dung Quat Steel Joint Stock Company.
The upward wave of steel stock prices

The upward wave of steel stock prices

In 2023, steel stock prices rose by an average of 58 per cent, outperforming the VN-Index by 46 per cent.
Vietnam's steel sector revitalised in 2024

Vietnam's steel sector revitalised in 2024

The steel sector in 2024 is predicted to have a bright future due to the worldwide surge in steel prices, increasing domestic demand driven by transport infrastructure activities, and the prospect of enhanced profit margins.
Vietnam’s steel producers embracing CBAM transition

Vietnam’s steel producers embracing CBAM transition

Vietnam’s steel production industry is taking initial steps in shifting to greener production and minimising emissions to adjust to the requirements of major markets such as the EU.
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