HOMEPAGE
Hot Properties
ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
Foreign investors still have good opportunities in Vietnam
Sierra Wireless gets a foot in Vietnam’s ICT market
INDOCHINA INTERNATIONAL CONSULTING CO., LTD
HO Add: 62L/36 Nguyên Hồng, Ward 11, Bình Thạnh District, HCMC - Vietnam
Biz Office Add: #48 Road No 11, Quarter 6, Hiệp Binh Chánh Ward, Thủ Đức, HCMC - Vietnam
®Source: http://viipip.com should be clearly quoted for any use of information extracted from our website.
Publication permit No: 60/GP-TTĐT , April 05, 2010.
Iron, steel production enjoys stable growth in five months
Date: 6/10/2016 8:09:43 AM
Iron and steel product manufacturing posted stable growth over the first five months of 2016 with an output of more than 5.8 million tonnes, rising by nearly 1 million tonnes or 19.3 percent year on year.
The expansion is about 2.6 times faster than the growth of the general industrial production index during the reviewed period, data from the General Statistics Office show.
It is also an auspicious start for the industry to achieve the record productivity of 14.9 million tonnes this year, compared to about 10.92 million tonnes in 2011 and 12.5 million tonnes in 2015.
The production growth is partly attributable to an increase in domestic demand as 12.53 million tonnes of iron and steel products were consumed from January to May, or more than 2.5 million tonnes each month.
Exports of those commodities also climbed to over 240,000 tonnes a month during the period, the highest ever volume. However, export prices dropped 26.3 percent from a year earlier following a 13.5 percent fall in 2015.
Meanwhile, over 1.58 million tonnes of iron and steel products were imported into Vietnam each month between January and May, much higher than the monthly average in the previous years.
Import prices in the five months sank 32.5 percent year on year, leading to a decline of 1.45 billion USD in iron and steel import turnover despite a 50.5 percent surge in import volume.
The strong import is said to help Vietnamese businesses prepare for future economic recovery but also put pressure on domestic manufacturing.
(Source:vietnamplus news)
Other news- Vietnam will become a destination for Chinese investors in the future (11/6/2023 1:03:19 PM)
- Thua Thien - Hue: Calling for investment (11/6/2023 1:00:42 PM)
- Hai Phong Planning to establish a series of industrial parks and economic zones (11/6/2023 12:58:13 PM)
- The Fastest Growing Economies In 2024 (11/6/2023 12:56:34 PM)
- Hai Phong reached the target of attracting FDI capital (10/17/2023 5:18:21 PM)
- Long An has 1,215 FDI projects with capital of 10,519 million USD (10/17/2023 8:40:41 AM)
- What do FDI enterprises recommend to the Vietnamese Government? (10/17/2023 8:38:33 AM)
- Vietnams 3 commitments to foreign businesses and investors (10/17/2023 8:35:45 AM)
- Up to now (2023), how much money have Asian tigers invested in Vietnam? (10/17/2023 8:31:59 AM)
- Another semiconductor manufacturer expands in Vietnam (10/17/2023 8:30:44 AM)
- Billions of dollars poured into Vietnamese semiconductor projects (10/17/2023 8:26:09 AM)
- Revealing the reason why Central region continuously invested by giants Foxconn, Goertek... (10/17/2023 8:24:49 AM)
- VIFTA: Vietnam-Israel Boulevard opened (8/28/2023 9:29:44 AM)
- Wistron announced to pour another 24.5 million USD into Vietnam to build a new factory. (8/28/2023 9:28:33 AM)
- Formulate policies to develop the logistics industry (8/28/2023 8:50:54 AM)
NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
