Steel exports in November surged 21.52 percent month on month and 40 percent year on year, reaching more than 478,300 tonnes, reported the Vietnam Steel Association (VSA).
Rolled steel produced by Hoa Sen Group.(Photo vsa.com.vn)
Hanoi (VNA) ꧃– Steel exportsin November surged 21.52 percent month on month and 40 percent year on year, reaching more than 478,300tonnes, reported the VietnamSteel Association (VSA).
The same month, steelproduction of all kinds reached more than 2.4 million tonnes, a month-on-monthincrease of 4.34 percent, and year-on-year increase of 15.6 percent. Salesof steel also reached arecord of more than 2.4 million tonnes, a sharp increase of nearly 36.9per cent compared to October, and up 20.9 percent over the same period lastyear. However,steel production, sales and exports were still almost flat in the 11-month period. Specifically,the production of steel in theperiod increased only 1 percent over the same period last year,reaching more than 23.3 million tonnes,while sales decreased by nearly 1 percent to more than 21 million tonnes. Meanwhile,exports fell 2.8 percent over the sameperiod in 2019 to over 4.1 million tonnes. Theeconomy in November continued to recover in new normal conditions, whileproduction, business, trade and consumption continued as a growth factor forthe steel market, according to the VSA. Priceof raw materials for steel production such as iron ore and scrap steel has soaredin the past three years and set a new price mark in November, which affected prices in Vietnam. Alongwith that, trade tensions between countries, the trend of increasing tradeprotectionism and the impact of the COVID-19 pandemic have made steel pricesincrease, the VSA said. Domesticsteel price is currently at an average of about 12,000 VND-12,500 VND (around 0.5 USD) perkilogramme at the beginning of this month, depending on the type of product andenterprises. Priceof construction steel currently sold on the market is around 15,000 VND per kilogramme, an increase of about 2,000 VND per kilogramme compared to last month./.
The Hoa Phat Group has reported some 700 million USD worth of imports from Australia this year, more than double the figure from last year and making the industrial manufacturer the largest Vietnamese client of the country.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Rolled steel produced by Hoa Sen Group.(Photo vsa.com.vn) 
