Steel industry to join 10-billion USD export club

With a record export growth rate in the first nine months of 2021, steel is forecast to soon join the 10-billion USD export club.
Steel industry to join 10-billion USD export club ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – With a record export growth rate in the first ninemonths of 2021, steel is forecast to soon join the 10-billion USD export club.

As of October 15, Vietnam had earned 9.04 billion USD fromshipping steel and steel products abroad, up 135.3 percent against that of the sameperiod last year.

Statistics of the Ministry of Industry and Trade’sImport-Export Agency show that the export turnovers of steel and steel products in thethree most recent months all surpassed 1 billion USD, with nearly 1.1 billionUSD in July, 1.19 billion USD in August and 1.17 billion USD in September.

According to the Vietnam Steel Association (VSA), steelexports are favourable when demand in many markets is increasing sharply.

Orders from many major markets are still increasing, whilethe production capacity of the domestic steel industry continues to be strengthenedby big projects of Hoa Phat, Nam Kim and Hoa Sen. Therefore, it is expectedthat the steel industry will join the 10-billion USD export club in the firsthalf of November.

In 2020 and the first nine months of 2021, Vietnam had sixcommodities listed in the 10-billion USD export club, including phones andcomponents, garment and textiles, footwear, wood and wood products, computersand components, and machinery, equipment and spare parts./.
VNA

See more

At the February 14 meeting between Lao Prime Minister Sonexay Siphandone and a delegation of Vietnamese businesses and international enterprises from various countries. (Photo: VNA)

Vietnam strengthens business and investment ties in Laos

Highlighting Laos's vast potential for trade and investment cooperation, Lao Prime Minister Sonexay Siphandone said that Laos is an attractive investment destination, particularly in agriculture, tourism, logistics, and infrastructure development.

Lao government officials and representatives of Vietnamese businesses at the seminar (Photo: VNA)

Vietnamese firms eye investment in Laos

He reaffirmed Laos as a key investment destination for Vietnamese and global firms, highlighting opportunities in agriculture, tourism, logistics, and infrastructure.

Vice Chairman of the Bac Giang People's Committee Mai Son (Photo: bacgiang.gov.vn)

Bac Giang speeds up non-state budget investment projects

In the coming period, the northern province of Bac Giang will focus on addressing challenges to non-state budget investment projects and expediting their progress, affirmed Vice Chairman of the provincial People's Committee Mai Son.

Representatives from industry associations share insights on Vietnam’s market trends. (Photo: VNA)

Vietnam, Thailand boost industrial trade exchange

Trade between Vietnam and Thailand reached 20.18 billion USD in 2024, up 6.4% year-on-year. Thailand remained Vietnam’s top ASEAN trade partner, accounting for 24% of its total trade with the bloc.