Keyword: "Vietnam Steel Corporation"

Vietnam's crude steel output is forecast to reach 27 million tonnes in 2026, up 10% year-on-year. Finished steel production is projected at 33 million tonnes, with domestic consumption of 28 million tonnes and exports of 6 million tonnes. Steel imports are expected to decline, signaling improving domestic production capacity and the growing bite of market management and trade remedy measures.

Several steel companies owned by the Vietnam Steel Corporation have been supplying oxygen and oxygen cylinders for free to medical facilities to meet the rising demand for treating COVID-19 patients.

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.

Nineteen former executives and officials of the Thai Nguyen Iron and Steel JSC (TISCO) and the Vietnam Steel Corporation (VNS) were brought to trial in Hanoi on April 12 for their involvement in wrongdoings at TISCO.

The Ministry of Public Security (MPS) has taken legal action against 14 persons involved in legal violations in Phase 2 of the production expansion project at the Thai Nguyen Iron and Steel Joint Stock Corporation (TISCO).

The Standing Board of the Ho Chi Minh City Party Committee in the 2010-2015 tenure and the Party unit at the municipal People’s Committee in the 2011-2016 tenure have been found to make so serious violations that call for disciplinary measures.

The Party Central Committee's Inspection Commission convened its 41st meeting in Hanoi from December 4-6, focusing on the wrongdoings at the Standing Board of Party Committee of the Vietnam Steel Corporation (VSC).

In the second half of this year, increasing competition in product quality, prices and market share are predicted to force steel companies to work harder to maintain their foothold in the market.

Deputy Minister of Industry and Trade Do Thang Hai has asked the Vietnam Steel Corporation (VNSteel) to provide accurate market evaluations and forecasts to build the production and business plan.

The Vietnam Steel Association (VSA) predicts that consumption for steel in both domestic and foreign markets will maintain stable growth until year’s end, after rises in production and sales over the last 10 months.

Many subsidiaries of the Vietnam Steel Corporation (VNSTEEL) have recorded profits despite various difficulties in the first half of 2017.

Deputy Prime Minister Vuong Dinh Hue has ordered responsible ministries and enterprises to resolutely handle prolonged loss-making projects in line with market mechanisms while reaffirming that the State would not pump money into inefficient projects.

The Vietnam Steel Corporation (VnSteel) expects to disburse 454 billion VND (20 million USD) in investment and earn 200 billion VND (8.8 million USD) in pre-tax profits in 2017.

The Vietnam Steel Corporation (VnSteel) aims to earn consolidated revenue of 18.8 trillion VND (835.5 million USD) in 2017, an increase of 800 billion VND from 2016.