Hanoi (VNA) – Hoa Phat Steel said it shipped 62,700 tonnes of finished steel abroad in September, doubling the figure a year ago. During the month, the group posted record sales of 522,000 tonnes, including 352,000 tonnes of finished steel and 170,000 tonnes of steel billet. The finished steel consumption rose by 82,3 percent from the same period last year. Hoa Phat steel sales in the first nine months of the year reached more than 4 million tonnes, two times higher than the corresponding period last year. The figure included nearly 2.5 million tonnes of finished steel, while the remaining was steel billet and hot-rolled coil (HRC). The finished steel sales posted a 27 percent year-on-year increase. Hoa Phat steel continued to take the lead in the market with over 32 percent. The group's steel sales in the southern region reached around 600,000 tonnes in the January-September period, doubling the figure in the same period last year. Hoa Phat construction steel products have … [Read more...] about Hoa Phat’s September steel exports double
Plastic 8 million metric tonnes
In 2017, a year after the completion of Phase 3 of the Hoa Phat Hai Duong steel and iron production complex, the steelmaker’s market share rose to 22.2 percent, becoming the largest supplier for the first time. … [Read more...] about Steelmaker Hoa Phat increases market share to 32 pct.
Hanoi (VNS/VNA) - The implementation of many large projects after the social distancing period and disbursement of public investment for infrastructure until the end of this year are expected to support growth in construction steel consumption, according to Rong Viet Securities (VDSC). This trend is expected to persist in the medium term, whereby domestic steel mills will directly benefit, VDSC said. The Hoa Phat Group (HPG), a listed construction steel company, hopes that its new production lines at the Dung Quat complex can catch up with the recovery of steel bar demand, thereby capturing market share and generate profit growth for the second half of 2020 and 2021. Meanwhile, the market has shown signs of recovery for steel pipe and galvanised steel products from the beginning of May and this trend has persisted for many months, it said. In the steel pipe segment, VDSC believes it is the segment with the least dependence on the export market and has successfully recovered on … [Read more...] about Steel industry expects consumption recovery by year-end
Minister of Agriculture and Rural Development Nguyen Xuan Cuong said Vietnam has made great strides forward in animal husbandry, with annual growth of 4-6 percent in recent years. He added that the sector's structure is unbalanced, for example pork accounts for as much as 70 percent in the food basket, urging restructuring to suit the demands of the domestic market and exports. … [Read more...] about Deputy PM: Major opportunities lay in animal husbandry
HCM City (VNS/VNA) - Vietnam Rice Company Limited (Vinarice) of Vinaseed – a member of The PAN Group, has obtained the certificate of food safety management systems (FSSC 22000) for processing, packaging and distribution by Bureau Veritas – the UK's leading independent organisation for certification. … [Read more...] about VinaSeed’s rice products conquer international market