Thursday, May 26, 2022 9:40:20 AM - Markets open
VN-INDEX 1,267.74 -0.69/-0.05%
HNX-INDEX 313.72 -1.19/-0.38%
UPCOM-INDEX 95.11 +0.33/+0.35%
Steel exports surge 78.1 percent in nine months
VietNamPlus - 10/21/2021 3:16:18 PM
 (0 ratings. You must sign in to rate.)
 Vietnam exported more than 5.7 million tonnes of steel products in the first nine months of 2021, a whopping 78.1 percent increase the same period last year, according to the Vietnam Steel Association (VSA).
The country produced over 24.8 million tonnes of steel during the period, nearly 22 million tonnes of which were sold, up 34.1 percent and 32.5 percent, respectively, year on year.
In the third quarter alone, steel output reached nearly 7.16 million tonnes, up 4 percent year on year, while steel sales slid 7 percent to over 6.2 million tonnes, as a result of social distancing measures imposed to stamp out the spread of COVID-19 in many major industrial cities and provinces.
The VSA reported that though Vietnam’s nine-month steel imports edged up just 1 percent in volume, to 14.9 million tonnes, the value surged 44 percent to 11 billion USD.
The association forecast the steel exports will regain growth momentum during the remaining months of the year following the removal of COVID-19 restrictions.
The steel industry also expects the new-generation Free Trade Agreements (FTAs), in which Vietnam is signatory to, and the recovery of production and construction will further fuel the growth./.
Read original article here
Newer News
25/05 Steel prices cool down as input costs drop
20/05 MoIT stops anti-dumping duties on galvanised steel from South Korea and China
18/05 PM urges US businesses to invest in tourism and trade in Vietnam
16/05 Keeping CPI below 4 pct this year a challenge: Economist
11/05 FDI – bright spot of Việt Nam’s economy amid COVID-19
11/05 Policies needed to support steel industry development
05/05 Gov’t determined to speed up public investment disbursement
05/05 Vietnamese economy to recover fast this year: UNDP representative
04/05 Mixed profit targets for rubber businesses despite price hikes
29/04 Vietnam draws over 10.8 billion USD of FDI in four months
Older News
21/10 Vietnamese rice exporters see great opportunities
18/10 Vietnam to join world's top five seafood processing countries by 2030
15/10 More than $10 billion per year to develop the power sources and grid in the 2021-2030 period
14/10 Vietnam likely to achieve rice export target this year
13/10 Tax cut proposed to stabilise domestic petrol price
12/10 FDI inflow into Vietnam still on upturn trend
08/10 Vietnam works towards responsible, sustainable fishery sector
06/10 Vietnam’s GDP growth may reach 8 percent in 2022: DBS
05/10 Foreign investors remain optimistic about Vietnam’s economy: official
04/10 Vietnam strives for GDP growth of 6.5-7 percent annually during 2021-2025
Newsletter Signup
Top Stories
Steel prices cool down as input costs drop
Why the stock market sell-off when VN’s economy is strong?
Shareholders concerned about bank stocks
HoSE to provide odd-lot trading starting from June
SSC prioritises stabilising solutions for stock market
Market Update
Last updated at 9:34:59 AM
VN-INDEX 1,267.74 -0.69/-0.05%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.