VnSteel aims to increase revenue by 800 billion VND
The Vietnam Steel Corporation (VnSteel) aims to earn consolidated revenue of 18.8 trillion VND (835.5 million USD) in 2017, an increase of 800 billion VND from 2016.
Hanoi (VNA) – The Vietnam SteelCorporation (VnSteel) aims to earn consolidated revenue of 18.8 trillion VND (835.5million USD) in 2017, an increase of 800 billion VND from 2016.
It will produce around 2.4 million tonnes ofsteel billets this year, up 17 percent from 2016, VnSteel said.
To accomplish these goals, VnSteel will work onimproving its business efficiency through better market forecast analysis,better corporate governance and supervision and close monitoring of activities,senior company leaders said.
The corporation will also focus on enhancing thequality of its human resources, it will practise thrift and strive to preventcorruption, under the direction the Ministry of Industry and Trade and theprime minister.
VnSteel has suggested that the Government put inplace policies and measures to control the import of steel products that thedomestic steel industry is able to produce, particularly the massive import ofcheap Chinese steel; and fight anti-commercial fraud that is damaging todomestic producers.
In 2016, VnSteel produced around two milliontonnes of steel billets and met its target, which was also a year-on-yearincrease of 24 percent.
The production and utilisation of constructionsteel crossed three million tonnes, approximately 105 percent of the estimate.It accounts for 39 percent of the domestic market share.-VNA
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VnSteel headquarters. (Photo: doanhnghiepvn.vn) 
