Business
Steel consumption expected to rise in 2012
The growth rate of steel consumption is expected to reach 4 per cent by the end of this year, says the Vietnam Steel Association.
The prediction is based on the fact that steel consumption in 2011 fell by 10 per cent compared to the previous year, due to a series of difficulties.
Slow consumption in 2011 made businesses cut production to avoid overstock. By December 2011, steel output reached 6.44 million tonnes, down 1.5 per cent against the same period the previous year.
Besides, Vietnam’s two main steel importers, Japan and China, decreased steel consumption.
Latest News
- Keangnam tower changes Hanoi office trends (May 15, 2012)
- Garment firms trying on locals for size (May 14, 2012)
- Gold devalues; black-market dollar rises (May 14, 2012)
- VietJetAir opens two new routes from Hanoi (May 14, 2012)
- Vinamilk’s chief listed among Asia’s best CEO’s (May 14, 2012)
- Banking restructuring is nothing to be feared (May 14, 2012)
- iPad 2012 on sales in Vietnam: official (May 14, 2012)
- Indian businesses keen on Vietnam’s investment environment (May 14, 2012)
- Vietinbank issues international bonds (May 13, 2012)
- Tra fish processing industry struggles to reach export goal (May 12, 2012)
More News
- Domestic gold up as global prices hike (Jan 26, 2012)
- January exports reach $6.5 billion (Jan 26, 2012)
- Noi Bai airport serves 27,000 passengers during Tet (Jan 25, 2012)
- IMF slashes world growth forecast (Jan 25, 2012)
- Vietnam's Dot-Com Boom (Jan 24, 2012)
- Cam Ranh air terminal welcomes first foreign visitors (Jan 24, 2012)
- Hanoi begins building two flyovers (Jan 23, 2012)
- Car fee hikes could slam brakes on auto industry growth (Jan 22, 2012)
- Vietinbank to loan $100 million for mining (Jan 20, 2012)
- Doosan Vina exports to Philippines (Jan 20, 2012)
Popular
Coal exports to fund Vinacomin: official
Nguyen Khac Tho, deputy head of the General Department of Energy, told Tuoi Tre that state-run coal giant Vinacomin has to export coal in order to obtain capital for operation, despite the fact that the country will have to begin importing coal in 2015.
