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.
Steel industry awaits indication of progress

Steel industry awaits indication of progress

The steel sector across Vietnam continues to face a variety of challenges to its growth prospects from multiple angles.
Local steelmakers red hot on investment

Local steelmakers red hot on investment

Over recent months, the steel market has retained positive momentum after its recovery in mid-2020, helping many steel producers record a strong performance in the first quarter of 2021.