Vietnam steel prices drop for 16th time in a row
Vietnam's construction steel price has fallen 16 times since the start of 2023 in the gloomy context of the real estate market.

Construction steel of Hoa Phat Group. Photo courtesy of the group.
A number of steel producers on Friday lowered CB240 coil product prices by VND100,000 ($4.2) per ton to VND13.5-14.04 million ($567-589), while holding the same selling price for D10 CB300 rebar, according to data from Steelonline.
Steelonline is a brand owned by Steelonline Vietnam JSC, a member of Lavas Group, specializing in the wholesale of construction materials with 15 years of experience.
Vietnam's largest steelmaker Hoa Phat Group simultaneously cut prices for CB240 coil line by VND100,000 ($4.2) per ton in the northern, central and southern regions to VND13.94 million ($585) per ton, VND13.74 million ($577) and VND14.04 million ($589), respectively. The price of rebar D10 CB300 remained unchanged compared to the previous adjustment period, at VND13.89-14.04 million ($583-589) per ton.
Similarly, Vietnam-Italy Steel JSC and Vietnam Germany Steel cut prices by VND100,000 per ton for CB240 coil line to VND13.64 million ($573) and VND13.74 million ($577), respectively.
The CB240 coil price at Kyoei Vietnam (KSVC) fell to VND13.66 million ($573) per ton, down VND100,000, while D10 CB300 steel remained unchanged at VND13.81 million ($580) per ton.
Thai Nguyen Steel also reduced prices by VND110,000 ($4.62) per ton for CB240 coil to VND13.97 million ($586), while rebar stood at VND14.08 million ($591) per ton.
Viet-Sing Steel cut VND100,000 from the price of CB240 coil to VND13.5 million ($567) per ton, but kept the same price for D10 CB300 rebar at VND13.7 million ($575) per ton.
VAS Steel, U.S. Steel, Tuyen Quang Steel, and Tung Ho Steel also cut prices by VND100,000 per ton for CB240 steel coil.
According to Vietnam Steel Association (VSA) data, finished steel production in July reached 2.4 million tons, up 19% compared to June and 7% year-on-year.
Sales of steel of all kinds reached nearly 2.2 million tons in July, up slightly from the previous month and up 9% compared to the same period last year. Of which, steel exports reached more than 703,000 tons, up nearly 40% year-on-year.
In the first seven months of the year, finished steel production decreased by 18% year-on-year. Sales of steel of all kinds was down 14% year-on-year, of which exports increased by 10.5%.
After a difficult period in the second half of 2022, business results at some steel companies are gradually recovering. However, the steel industry is not of the woods due to the gloomy real estate market.
In a recent report, broker KIS Vietnam Securities said that the total Q2/2023 revenue of 24 listed steel companies plunged nearly 28% from the same period last year.
The third quarter of 2023 will be another challenging period for Vietnamese steel producers as market demand is forecast to remain weak due to the rainy season and falling prices that will affect companies’ profit margins.
KIS Securities believed that exports could be a fulcrum for Vietnamese steel producers in Q3 when domestic demand is forecast to slow. Total consumption in Q3 is estimated at 5.8 million tons, up 8% year-on-year but down 9% quarter-on-quarter.
The broker also expected that input prices of steel manufacturers will not increase at the same pace as the market's input prices. Therefore, their profit margins will be slightly affected by falling selling prices.
A hot rolled coil (HRC) price recovery in Q3 will positively affect the revenue and profit of companies from the end of September and throughout the fourth quarter of this year, it added.
KIS Securities added that slowing global economic expansion and domestic issues related to the bond and real estate markets could further threaten the industry's business results.
- Read More
PVI Insurance: Brand positioning through internal strength, trust, and innovation
For the second consecutive year, PVI Insurance Corporation has been honored as the leader in the “Top 10 Most Reputable Non-Life Insurance Companies in Vietnam 2025,” organized by Vietnam Report in collaboration with online newspaper VietNamNet.
Companies - Mon, August 4, 2025 | 5:34 pm GMT+7
S. Korean firm LGES eyes electric motorbike manufacturing in northern Vietnam
The Seoul-based LG Energy Solution (LGES) plans to invest in an electric motorbike manufacturing plant and charging stations in the northern province of Phu Tho with official development assistance (ODA) funding, said its senior manager Lee Jin Woo.
Investing - Mon, August 4, 2025 | 5:04 pm GMT+7
Carlsberg Vietnam's journey of sustainable growth and lasting commitment with central Vietnam
In 2025, Carlsberg Vietnam, along with its beloved Huda brand, celebrates seven years of a promise that continues to flow strong, “Fresh Water for Beloved Central”.
Companies - Mon, August 4, 2025 | 2:36 pm GMT+7
Vingroup's hospitality arm records $9.82 mln in H1 profit
Vinpearl Joint Stock Company's revenue and after-tax profit hit VND5,912 billion ($225.84 million) and VND257 billion ($9.82 million), respectively, in H1/2025, completing 42.2% and 15% of the year's targets.
Companies - Mon, August 4, 2025 | 2:19 pm GMT+7
Vietnam, Singapore launch green e-commerce platform
A new green e-commerce platform, Vietnamsgp.arobid.com, has been launched in Singapore, aiming to connect 20,000 businesses from both countries and promote sustainable digital trade.
Economy - Mon, August 4, 2025 | 1:16 pm GMT+7
Central Vietnam province Khanh Hoa receives many major urban area projects in H1
Vietnam’s south-central province of Khanh Hoa attracted 61 private investment projects with total registered capital of approximately VND388.9 trillion ($15 billion) in the first half of 2025.
Industries - Mon, August 4, 2025 | 12:34 pm GMT+7
Vietnam’s largest container fleet operator Hai An logs highest quarterly profit in 11 years
Hai An Transport and Stevedoring JSC, the owner of Vietnam’s largest container fleet, posted over VND414 billion ($15.8 million) in after-tax profit in Q2/2025, up 227% year-on-year, marking its highest quarterly profit since 2014.
Companies - Mon, August 4, 2025 | 8:46 am GMT+7
Malaysia’s Capital A eyes investing in aviation industrial complex in central Vietnam
Capital A, the parent company of Malaysian budget airline AirAsia, is exploring investment opportunities in an aviation industrial complex in Quang Tri, a province in central Vietnam, through a potential partnership with local conglomerate T&T Group.
Infrastructure - Mon, August 4, 2025 | 7:05 am GMT+7
46% of Vietnamese businesses struggle to attract talent: study
A recent study by Anphabe, a leading HR consulting firm in Vietnam, showed that 46% of Vietnamese businesses face challenges in attracting talent with the right skill sets, often due to cultural barriers and a fear of innovation.
Companies - Sun, August 3, 2025 | 11:42 pm GMT+7
HCMC aims to establish battery recycling center, join global green supply chain: chairman
Ho Chi Minh City is planning to establish an electric vehicle battery recycling center - positioning itself as a crucial link in the global green economy supply chain, said Chairman of the municipal People’s Committee, Nguyen Van Duoc.
Economy - Sun, August 3, 2025 | 11:23 pm GMT+7
Vietnam greenlights expansion of North-South Expressway’s eastern wing via PPP model
The Vietnamese government has approved the expansion of the eastern wing of the North-South Expressway using the public-private partnership (PPP) model, according to a statement from the Government Office.
Infrastructure - Sun, August 3, 2025 | 12:11 pm GMT+7
Vingroup chairman injects $687 mln into EV maker VinFast in Q2
Billionaire Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, poured VND18 trillion ($686.5 million) into the group’s EV subsidiary VinFast in the second quarter of 2025, raising the total in the first half to VND23 trillion.
Companies - Sun, August 3, 2025 | 10:57 am GMT+7
Vietnam to launch int’l financial center in HCMC, Danang by late 2025
Vietnam is set to put its first international financial center (IFC), located in both Ho Chi Minh City and Danang, into operation by the end of this year.
Finance - Sun, August 3, 2025 | 9:27 am GMT+7
Former Techcombank exec appointed CEO of technology major One Mount Group
Phung Quang Hung, former deputy CEO of Techcombank, has been appointed CEO of One Mount Group, a technology ecosystem in Vietnam.
Companies - Sun, August 3, 2025 | 8:00 am GMT+7
Consumer finance major F88 to trade on Vietnam's unlisted public companies market next Friday
F88 Investment JSC (F88), a leading consumer finance company in Vietnam, will float its over 8.26 million shares on the Unlisted Public Companies Market (UPCoM) on August 8, with a reference price of VND634,900 ($24.2) apiece.
Finance - Sat, August 2, 2025 | 11:14 pm GMT+7
Vietnam's manufacturing sector returns to growth after 4 months as new orders rise
Despite further export weakness due to U.S. tariffs, the Vietnamese manufacturing sector returned to growth in July as a renewed expansion in new orders supported a faster rise in production, according to S&P Global.
Economy - Sat, August 2, 2025 | 3:07 pm GMT+7