Steel producers operating in the southern province of Binh Duong exported over 228,000 tonnes of steel products in the first half of this year, a year- on-year rise of over 63 percent.

In June alone, local steel exporters’ turnover increased four times compared to the same period last year.

Le Phuoc Vu, Chairman of the Directors Board of the Hoa Sen Group, which accounts for 40 percent of the market share, said his firm’s products are shipped to 40 countries and territories over the world and the group’s turnover is hoped to hit 14 trillion VND (658 million USD) this year.

Vietnamese steel businesses will have many opportunities to promote export to potential foreign markets in the coming time, especially when the Trans-Pacific Partnership (TPP) agreement is signed, Vu said.

However, they should also pay attention to innovating production technologies to improve the quality of their products, and reduce the cost price so as to enhance their competitiveness.-VNA