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VIETNAM BUSINESS NEWS MAY 10 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 10/05/2021
14:01 GMT+7 Businesses advised to stay vigilant to maintain export growth Despite a rise in export revenue in the first four months of this year, experts suggested that businesses should not be too optimistic as the COVID-19 pandemic has seen complicated developments both in and outside the country. Statistics from the Ministry of Industry and Trade (MoIT) showed that export value in April grew 44.9 percent over the same period last year, while that in the first four months of 2021 expanded 28.3 percent year on year to 103.9 billion USD. ....
Monday, 13:24, 10/05/2021 Vietnam’s steel sector has witnessed strong development in terms of capacity, output, and products in the recent past. Data from the Vietnam Steel Association (VSA) shows that steel billet output surged 40-fold to surpass 12 million tonnes in 2015 from just 300,000 tonnes in 2000. Meanwhile, output of finished steel products hit more than 26 million tonnes in 2015, growing over ten-fold since 2000. Product diversification also helps Vietnam’s steel sector make great strides forward in the region and have a more important role to play in the international arena. The country will switch to electric arc furnaces from the current blast furnaces, according to steel expert Nguyen Van Sua. ....
Local steelmakers red hot on investment Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 02/05/2021
06:32 GMT+7 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. Vietnam’s steel industry is now ranked in the top 15 biggest worldwide In particular, locally-invested steelmaker Hoa Phat Group surpassed Taiwan’s Hung Nghiep Formosa Ha Tinh to become Vietnam’s largest steel producer after it produced two million tonnes of crude steel in the first quarter of this year, a 60 per cent increase on-year. ....
Local steelmakers red hot on investment 17:33 | 28/04/2021 Vietnamâs steel industry is now ranked in the top 15 biggest worldwide, photo Le Toan In particular, locally-invested steelmaker Hoa Phat Group surpassed Taiwanâs Hung Nghiep Formosa Ha Tinh to become Vietnamâs largest steel producer after it produced two million tonnes of crude steel in the first quarter of this year, a 60 per cent increase on-year. This success has shown the growth of domestic steel enterprises, breaking the monopoly created in 2018 when Formosa Ha Tinh became the leading crude steel producer with estimated output of over five million tonnes of crude steel, double Hoa Phatâs crude steel production, and reaching 3.44 million tonnes of hot rolled steel. Formosa was the only company in the domestic market that could produce hot rolled coil (HRC) at the time. ....