Steel producers report heavy losses for second consecutive quarter

Steel producers report heavy losses for second consecutive quarter

Vietnam's five largest steel producers report combined losses of more than $152 million for the last quarter of 2022.
Steel makers witness hardships in Q4/2022

Steel makers witness hardships in Q4/2022

Steel companies witnessed hardships in the fourth quarter of 2022 with many big players suffering losses.
Pressing issues trouble Hoa Phat Group

Pressing issues trouble Hoa Phat Group

The continuous decline of steel prices, along with the sharp increase in financial expenses under exchange rate pressure, is reducing the profit margins of HPG.
Vina Roma proposes $2 billion Quang Tri iron and steel complex

Vina Roma proposes $2 billion Quang Tri iron and steel complex

Vina Roma Quang Tri Steel JSC has proposed building an iron and steel complex in Quang Tri with the total investment capital of just over $2 billion.
Seven Vietnamese billionaires named on Forbes rich list

Seven Vietnamese billionaires named on Forbes rich list

Seven Vietnamese names are among the 2,668 of dollar billionaires worldwide as per Forbes' latest update to its annual rich list.
Producers crack on with fresh orders while preparing for all 2022 eventualities

Producers crack on with fresh orders while preparing for all 2022 eventualities

With the festive season out of the way, businesses are eager to ramp up production as well as proactively adapt to future challenges.
Steelmakers improve trade balance through integration

Steelmakers improve trade balance through integration

It is expected that, when results emerge, Vietnam’s steel sector will for the first time witness a trade surplus thanks to activities in 2021.
MoIT denies proposing price stabilisation fund for steel

MoIT denies proposing price stabilisation fund for steel

The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation fund to cope with the sudden increase in steel prices that has impacted many businesses.
Hoa Phat Group completes acquisition of Australia's Roper Valley iron ore mine

Hoa Phat Group completes acquisition of Australia's Roper Valley iron ore mine

Vietnamese steel maker Hoa Phat Group today announced that it has taken over the Roper Valley iron ore mine project in Australia.
Vietnam's iron and steel exports go through the roof

Vietnam's iron and steel exports go through the roof

Vietnam’s exports of iron and steel reached over $1.8 billion in the first quarter of 2021, with a strong increase that provides good signs for future progress.
Buoyant steelmakers still hoping for more

Buoyant steelmakers still hoping for more

Listed steel companies announced breakthrough business results in the fourth quarter of 2020, enticing potential investment in the sector, and ending a successful year that they could hardly have imagined after the first period of the year was negatively affected by the pandemic outbreak.
Support recovery for the steel sector

Support recovery for the steel sector

Although the nation’s consumption of steel products decreased compared to last year, production and sales show signs of recovery among a few listed steelmakers, while others are trying to reach break-even point this year.
Phu Tho struggling to come to grips with farm pollution

Phu Tho struggling to come to grips with farm pollution

The long story of environmental pollution and lack of responsibility from large-scale livestock companies in Vietnam has yet to end, and now the issue is rearing its ugly head in the northern province of Phu Tho.
Tough spot for steel ventures as pandemic cuts off progress

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.
Pig sellers urged to aid in balancing out prices

Pig sellers urged to aid in balancing out prices

Major livestock firms Hoa Phat Group, CJ Vietnam, and Japfa Comfeed have denied accusations from the Department of Livestock Production that they are failing to co-operate with the government..
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