Vietnam steel industry sees drivers for growth

Vietnam steel industry sees drivers for growth

Rising demand, recovering exports and decreasing raw material prices will be the driving forces for the Vietnamese steel industry to expand this year, according to broker Agribank Securities (Agriseco).

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel major Hoa Phat to focus on core business, research high-speed train rails

Steel major Hoa Phat to focus on core business, research high-speed train rails

Vietnamese steel giant Hoa Phat Group will focus its resources on its core business in the short term to compete with imports amid intensified industry competition, said its chairman.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Power price hike forecast to hit industry profits

Power price hike forecast to hit industry profits

A retail electricity price hike of 3% could cut pre-tax profits in the steel industry by 15%, the paper industry by 2%, the cement industry by 13%, and the chemical industry by 1%, according to the South Korea-invested Mirae Asset Finance Company.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel industry still faces many risks: top broker SSI

Steel industry still faces many risks: top broker SSI

Domestic steel demand is expected to continue falling due to the stagnant real estate market and tightened monetary policy, according to Vietnam's leading broker Saigon Securities.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

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