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04 Sep 2018, Aleen Joy Jarasa, EMIS Editor

Competition within Vietnam’s steel sector to become more intense

The competition in Vietnam’s steel sector is expected to maintain a growth rate of 20-22% as a result of additional investments from steel manufacturers and Hoa Phat’s expansion plans, Vietnam Net Business News has reported.

The country is currently seeing the highest production capacity in Southeast Asia at 30 million tonnes per year, Vietnam Net Business News noted referring to data from Vietnam Steel Association.

As a number of countries have been driven by protectionist attitude, Chinese companies remain the biggest competitors of Vietnamese steel producers according to an industry expert.

Sign in and read the full article in emis.com, or find out more about EMIS. Original source: VietNam Net Business News