Investors lose confidence, sell up Business

Investors lose confidence, sell up

Vietnam's benchmark VN Index extended losses for a second day on May 31 as investor confidence remained weak on worries about market conditions following a sharp drop on May 30.
Building material market stable Business

Building material market stable

The domestic building material market was stable in the first four months of the year and continued to meet demand, said the Ministry of Construction.
 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.
Stock volatility expected this week Business

Stock volatility expected this week

Shares are expected to decline further this week as investors seek profits, but the decline will not be heavy as foreign investments and Q1 performances will boost investor confidence.
Steel prices set for slight rise Business

Steel prices set for slight rise

Steel prices will remain stable on the domestic market this month but are expected to increase slightly soon, according to the Ministry of Industry and Trade.
Vietnam faces strange steel shortage Business

Vietnam faces strange steel shortage

Though Vietnam possesses huge amounts of iron ore, there is a serious shortage of steel for the mechanical engineering industry and defense industry, said Truong Thanh Hoai, Director of the Heavy Industry Department under the Ministry of Industry and Trade.