November 19, 2011
A worker walking a bicycle loaded with construction steel on his way to a construction site in Hanoi The frozen property market and high interest rates have pushed steel producers into the red and some even face the risk of shutting down their business. Pham Chi Cuong, chairman of the Vietnam Steel Association, said [...]
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November 18, 2011
The US Department of Commerce has officially started investigating ten Vietnamese steel companies on the suspicions that they violated anti-dumping and anti-subsidy duty laws, VnExpress quoted Vietnam Competition Authority as saying on Friday. According to the agency under the Ministry of Industry and Trade, the companies will be investigated for their exports of circulate welded carbon-quality steel pipe between [...]
Tags: anti-dumping, companies, Competition Authority, dumping, exports, steel, Steel Pipe, The Companies, The Companies Will, The vietnam, Their Exports, trade, Vietnam, Vietnam Competition, Vietnam Competition Authority, Vietnamese Steel
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October 13, 2011
A file photo of the signing ceremony of a $5 billion steel factory project of Tata Steel Ltd. in Vietnam four years ago. India and Vietnam are trying to clear Tata Steel Ltd.’s proposed $5 billion factory in the Southeast Asian nation, delayed for more than four years by regulatory hurdles. “We understand the importance [...]
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June 14, 2011
Vietnam is expected to have a steel surplus of around 3 million tons in 2011 The government has asked the Ministry of Finance to review a proposed 3 percent export tax on steel products following objections raised by an industry group. The ministry’s tax policy department suggested the new export tariff late last month in [...]
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February 26, 2011
The site of the canceled Ca Na Steel Plant in the central province of Ninh Thuan. The Vietnamese government has decided to revoke the investment license of a US$9.8 billion joint venture between state-owned shipbuilder Vinashin and Malaysia’s Lion Group to build a steel plant. Prime Minister Nguyen Tan Dung approved a plan to cancel [...]
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December 13, 2010
Analysts said banks are tightening credit access Steel companies in Vietnam complain that borrowing interest rates of up to 19 percent annually are stifling business, an industry official said. Pham Chi Cuong, chairman of the Vietnam Steel Association, said many businesses in the industry, from manufacturers to retailers, have been adversely affected by the high [...]
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November 16, 2010
Japan’s JFE Steel, Maruichi Steel Tube and Toyota Tsusho said on Monday they will jointly buy the Vietnamese spiral steel pipe unit of South Korea’s Jeong An Steel for about 18 billion won (US$16 million). JFE Steel and Maruichi will each hold 35 percent of the Vietnamese firm, Jeong An Vina Co Ltd, while [...]
Tags: Jeong, Jfe Steel, steel, Steel Pipe, The Companies, The Companies Said, The vietnamese, Toyota, Toyota Tsusho, Vietnam
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February 7, 2010
A big question mark still hangs over the long-delayed Ca Na steel complex in Ninh Thuan. Malaysian investor Lion Group has failed to submit project development plan to meet a province’s deadline. LookAtVietnam – A big question mark still hangs over the long-delayed Ca Na steel complex in southern Ninh Thuan province. Malaysian investor Lion [...]
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February 5, 2010
Hue to host national hip-hop contest; Cakes made for underprivileged; Music show to raise funds for Haiti; Korea’s Steel King pays a visit A hip-hop contest entitled “Urban Kingz 2″ will be organised over two days from this Saturday at Celadon Hotel, Hue.The contest will see nearly 50 hip-hop crews from 15 cities and provinces [...]
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February 3, 2010
VietNamNet Bridge – 287 merger and acquisition (M&A) affairs were wrapped up in 2009 with a value of $1.09 billion. Avalue Vietnam believes that 2010 will witness a sharp increase in the number of M&A cases with a stable increase in the value of the deals. Here are the 10 most outstanding M&A affairs of 2009 [...]
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