Although the demand for building steel rose by more than 26% in May compared to the previous month, steel prices decreased for the 10th month, and steelmakers expected the struggle to continue.
Vietnamese exporters need to ensure their capacity and maintain existing export markets, typically Asian and African outlets, amid many challenges in 2023, a senior trade official has said.
VOV.VN - Ho Chi Minh City recorded seven products with export turnover exceeding US$1 billion in 2022, according to details given at a conference held on January 9.
VOV.VN - The initial six months of the year saw public investment disbursement only met 27.86% of the annual plan, a figure even lower than the 29.02% recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
While many exporters and producers had orders for 2022, they are worried about a possible shortage of production materials because of supply disruptions from China.
Vietnam’s consumer price index (CPI) in the first five months of the year edged up 2.25% year-on-year while core inflation rose by 1.1%, according to the General Statistics Office (GSO).
Over-reliance on input material imports, small production value and outdated technology were among the major weaknesses of Vietnam's steel industry, said a recent report by the Ministry of Industry and Trade.
VOV.VN - Vietnam recorded a trade deficit of US$1.62 billion during the first half of April, while exports fell by 20.9% to US$15.28 billion compared to the second half of March, according to figures given by the General Department of Vietnam Customs.
VOV.VN - The agricultural sector is expected to meet its set target of earning US$44 billion from exports this year following its impressive performance over the past nine months despite the negative COVID-19 impact.
Vietnam has advantages to develop a materials industry but has not developed in line with its potential, Tran Tuan Anh, Chairman of the Party Central Committee’s Economic Commission, said at a conference held on April 10 in Ho Chi Minh City.