Vts Steel Manufacturing, Trading & Service Joint Stock Company (Vietnam)

The subject registers “Manufacture of iron, steel and cast iron” as its main business activity. Based on our investigation, some steel products like color-coated steel coils, galvanized steel coils, galvanized steel wires, black steel wires... are exported to Cambodia and other foreign markets for consumption.Operating in the steel industry, the subject and other steel manufacturers have been affected by unfavorable market movements because steel prices continuously decreased. The recovery in steel prices is dependent on the recovery in the economic situation, especially for the real estate market. According to Vietnam Steel Association (VSA), the fourth quarter of every year is a favorable time to carry out construction projects, real estate companies often step up construction to complete progress within the year. As a result, steel consumption increased to 2.5 million tons in Nov 2023, up by 13.1% over the previous month. Accumulated in the first 11 months of 2023, construction steel consumption reached 9.7 million tons, down by 13.5% over the same period in 2022. Of which, the exports reached 1.56 million tons, down by 23% over the same period last year.The real estate construction market (accounting for 60% of steel demand) has gradually removed difficulties, thanks to revised policies. This is expected to stimulate more real estate projects in the upcoming time. However, in the context that the demand for real estate products needs time to recover due to tightened spending, the recovery of the real estate industry still has a certain lag.During our investigation, despite trying our best, we could not contact the subject for confirmation. The mobile phone number “+84 934 732 486” is registered on its Business License but it is unable to be contacted at the time we make a phone call. Therefore, we look for other alternative contact information. “+84 909 037 393” is known as the mobile phone number of Mr. Phan Hoang Vu - General Director but he does not pick up the phone. Based on our investigation, the latest import date is 12 Sep 2023 and the latest export date is 23 Oct 2023. To a certain extent, we believe that the subject is still operating at present.