Formosa Plastics Group said that the first furnace at its steel manufacturing complex in Vietnam is scheduled to begin operations at the end of 2014. The group told representative to Vietnam Mr Huang Chih peng that about 52% of the first phase construction of the steel mill has been completed and the project is proceeding smoothly. Mr Huang visited the construction site with a delegation of more than 50…

The Vietnamese government is looking to collaborate with Russia and Belarus in automobile manufacturing in an apparent effort to boost the local auto industry. The governments finished talks on the collaboration last week and are expected to ink official agreements some time between the end of next month and the beginning of March, the Ministry of Industry and Trade reported on Monday. According to the…

According to Vietnam's ministry of industry & trade, Vietnam has consumed 300,000 tonnes of steel in February 2009, an equivalent to the volume in December 2008. Thanks to an abundant supply and the positive impact of financial support policies, steel prices remained stable, ranging between VND 11.000 to VND 11.650 million per tonne in the north and between VND 11.100 to VND 11.560 million per tonne in the…

Attracting exhibitors and professional buyers & visitors, VIMM 2023 will provide a perfect platform to present technologies and visions. It is an ideal place to meet experts and potential investors & buyers from across. What is more, you'll benefit from the lively interest and demand generated by the trade shows. Supported by conferences and seminars, VIMM 2023 will once again offer you more than a trade…

HANOI - Vietnam's Ministry of Finance has decided to raise export taxes on crude oil, coal and some key metal ores in an effort to reduce budget deficits, a ministry official said Tuesday. "All the tax increases will be effective from Tuesday," said the official with the ministry's general department of taxation. Vietnam has doubled its export tax for crude oil to 8% and raised the export tax for coal to…

It's time to boost Viet Nam's foundry industry as it is an intermediary between metallurgy and mechanical manufacturing, making industrial products for society, Deputy Minister of Industry and Trade Cao Quoc Hung said. Speaking at the 13th Asian Foundry Congress (AFC-13) in Ha Noi, in which more than 230 international and domestic firms were participating, Hung said Viet Nam was close to its target of…

Greetings From VFMSTA ! The Vietnam Foundry and Metallurgy Science and Technology Association (VFMSTA)is pleased to have the opportunity to host the 13th Asian Foundry Congress 2015 fromOct 27th–29th 2015 and to welcome participants from around the world to Ta Quang Buu Library, which is one of the biggest university libraries in Vietnam with a large amount of scientific and technical documents in its…

VNBusinessNews.com reported that because the price of domestically made steel is too high, so the steel products especially rolled steel from China, Thailand and Indonesia are flooding the Vietnamese market. In over past one month, the global market has seen a sharp reduction in steel prices due to the surplus of supply whereas the steel price of local market has continuously increased by VND 400,000 to VND…

The Vietnamese Ministry of Finance has decided to raise the tax on exports of non-alloy steel and iron to 20 percent from 10 percent now. The tax increase, to be applied from August 10, aims to minimize the re-export of the products for profit, according to the government website. In June, the ministry raised the tax to 10 percent from 2 percent. Vietnam has to import steel billets for steel production, as…