Vietnam Steel Association has held a conference on 17 January 2022 to discuss the situation of the steel industry and activities of the association and its member enterprises in 2021, with a vision for 2022. Vietnam Steel Association announced that Vietnam’s crude steel output is estimated at 23 million tonnes in 2021, up 16% YoY. Meanwhile, 33 million tonnes of finished steel products was manufactured and 29 million tonnes sold, respectively rising by 19% YoY and 16% YoY respectively. Positive export results were recorded in 2021 when more than 14 million tonnes of finished and semi-finished steel products were shipped abroad while domestic sales fell 11% YoY as a result of the coronavirus resurgence’s impact.VSA Vice Chairman & Vice President of the Hoa Phat Group Mr Tran Tuan Duong said “Despite the lingering COVID-19 pandemic, the steel industry of Vietnam has still posted growth. Facing stagnation in the domestic market, businesses have boosted exports, making the country a net exporter and the largest producer of steel in Southeast Asia.”VSA noted “The prospect of Vietnam's steel market in 2022 will be better when the Government issues instructions to stabilize and develop production and business activities to flexibly adapt to the Covid-19 pandemic throughout.”
Vietnam Steel Association has held a conference on 17 January 2022 to discuss the situation of the steel industry and activities of the association and its member enterprises in 2021, with a vision for 2022. Vietnam Steel Association announced that Vietnam’s crude steel output is estimated at 23 million tonnes in 2021, up 16% YoY. Meanwhile, 33 million tonnes of finished steel products was manufactured and 29 million tonnes sold, respectively rising by 19% YoY and 16% YoY respectively. Positive export results were recorded in 2021 when more than 14 million tonnes of finished and semi-finished steel products were shipped abroad while domestic sales fell 11% YoY as a result of the coronavirus resurgence’s impact.VSA Vice Chairman & Vice President of the Hoa Phat Group Mr Tran Tuan Duong said “Despite the lingering COVID-19 pandemic, the steel industry of Vietnam has still posted growth. Facing stagnation in the domestic market, businesses have boosted exports, making the country a net exporter and the largest producer of steel in Southeast Asia.”VSA noted “The prospect of Vietnam's steel market in 2022 will be better when the Government issues instructions to stabilize and develop production and business activities to flexibly adapt to the Covid-19 pandemic throughout.”
