Hanoi (VNA) – The Hoa Phat Group is scheduled to ship 6,500tonnes of steel to Australia in May, the highest-ever export volume to themarket in a month.
The group said its steel exports to Australia has surged after theAustralia Anti-Dumping Commission (ADC) ended investigation into antidumpingcharges against Hoa Phat and other steel producers of Vietnam as it found noviolations.
In the previous years, Hoa Phat received orders for an average of 3,000tonnes of steel from Australia each month.
Last year, Hoa Phat exported 36,000 tonnes of rolled steel and steelbars to Australia and received no complaint from Australian customers. Sinceearly April 2018, its export volume has reached 4,200 tonnes.
With good signals from the Australian market following the ADC’sdecision, the group expects even higher growth in the market in the future.
Australia is the world’s biggest exporter of iron ore with high quality.Last year, Hoa Phat partnered with four biggest iron ore suppliers of Australiato ensure the long-term supply of materials for its plants, especially Hoa PhatDung Quat iron and steel production complex in the central Quang Ngaiprovince.-VNA
Steelmaker Hoa Phat Group plans to increase its charter capital to 15.2 trillion VND (675.6 million USD) this year, double the current level of 8.42 trillion VND.
Hoa Phat Group, a major industrial production group in Vietnam, manufactured more than 505,000 tonnes of steel in Q1 2017, up 27.9 percent year on year, and its market share expanded to 24.2 percent.
Despite stagnation in the second quarter of 2017, Vietnam’s steel industry managed to turn a profit in the first seven months of the year, led by a rebound in construction and real estate demand.
Hoa Phat Group, a major industrial production group in Vietnam, manufactured 542,000 tonnes of steel in the first quarter of 2018, up nearly 10 percent year on year.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Illustrative image (Source: VNA) 
