State needs a clear roadmap to develop the mechanical industry

State needs a clear roadmap to develop the mechanical industry

VCN - The total mechanical market demand of Vietnam from now to 2030 can reach more than US$300 billion. However, Vietnam's mechanical engineering industry only meets about one-third of the domestic demand for mechanical products.
Iron and steel exports witness big leap

Iron and steel exports witness big leap

During the opening two months of the year, iron and steel exports have enjoyed a stellar growth rate of 71.9% compared to the same period from last year, with major domestic firms such as Hoa Phat and Hoa Sen exporting large shipments.
Iron and steel exports to China enjoy major boost

Iron and steel exports to China enjoy major boost

Vietnam’s iron and steel exports to China skyrocketed over the course of the first two months of the year, despite only a slight increase in the country’s overall exports, according to the latest statistics released by the General Department of Vietnam Cu
It costs nearly 600 billion vnd per day to import steel

It costs nearly 600 billion vnd per day to import steel

VCN- From the beginning of 2017 to now, Vietnam spent nearly $US 26.3 million (about 578 billion vnd) importing steel.
12 steel projects removed from the plan

12 steel projects removed from the plan

VCN - 12 steel projects with a total capacity of 6.52 million tons of square steel billets and 1.35 million tons of cast irons and sponge iron have been removed from the plan on steel production.
Iron and steel imports from China accounting for 59.1%

Iron and steel imports from China accounting for 59.1%

VCN- According to the statistics on import and export goods from the General Department of Customs, iron and steel imports in September 2016 reached over 1.6 million tons, worth $US 735 million, up by 24.7% in volume and 12.6% in value compared to the pre
Vietnam sets new tariffs on imported steel

Vietnam sets new tariffs on imported steel

New tariffs are hoped to protect domestic steel producers.
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