Steel industry expects consumption recovery by year-end Business

Steel industry expects consumption recovery by year-end

The implementation of many large projects after the social distancing period and disbursement of public investment for infrastructure until the end of this year are expected to support growth in construction steel consumption, according to Rong Viet Securities (VDSC).
Steel producers hit hard by pandemic Business

Steel producers hit hard by pandemic

The Vietnam Steel Association (VSA)’s member enterprises suffered a strong reduction in production and business in the first quarter of this year due to the COVID-19 pandemic.
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).
MoIT to transfer five enterprises to SCIC in Q1 Business

MoIT to transfer five enterprises to SCIC in Q1

The Ministry of Industry and Trade (MoIT) will transfer State capital ownership representative rights in five enterprises to the State Capital Investment Corporation (SCIC) in the first quarter of this year.
Deputy PM orders handling of loss-making projects Business

Deputy PM orders handling of loss-making projects

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.
 Steel industry to grow, export pressures high Business

Steel industry to grow, export pressures high

The steel industry is expected to maintain its recent double-digit growth this year, helped by the recovery of the property market, but it will also face the pressure of trade defense instruments in import markets and competition from cheap steel.