Violations in State Steel Corporation uncovered Society

Violations in State Steel Corporation uncovered

Mai Van Tinh, former Chairman of the Board of Directors of the Vietnam Steel Corporation (VNSTEEl) and Dau Van Hung, former General Director of VNSTEEL were detained by for investigations into their alleged legal violations in the second phase of the production expansion project of Thai Nguyen Steel and Iron Corporation (Tisco).
Vietnam giants post record profits Business

Vietnam giants post record profits

Two giant State-owned corporations, Vietnam National Petroleum Group (Petrolimex) and Vietnam Steel Corporation (VNSTEEL), achieved record profits last year, according to a conference held by the Party Organisation of the Central Enterprises Bloc (CEB).
Steel businesses improve competitiveness Business

Steel businesses improve competitiveness

The Vietnam Steel Association (VSA) and the South East Asia Iron and Steel Institute (SEAISI) jointly held an international expo in Hanoi on May 30 to improve competitiveness of the steel sector.

Steel producers boost sales in home market

Local cold-rolled steel makers have been boosting their sales in the domestic market to offset a decline in outbound sales caused by the recent anti-dumping accusations, the Saigon Times Daily reported.

M&A takes off thanks to Vietnamese businesses

Merger and Acquisition (M&A) in Vietnam is no longer “an exclusive game” for foreign businesses and multinational companies but is drawing the enthusiastic participation of domestic enterprises in the role of purchasers.

Steelmakers need better distribution system

Local steel producers should implement a proper distribution system in order to help stabilise the domestic steel market, according to an official from the Ministry of Industryand Trade.