Posted on 23 Jul 2012
It’s reported that around 30 large-scale steel enterprises and 100 small-scale steel companies in Vietnam have faced lots of difficulties since last year.
It’s known that the increased prices of raw materials in the international market have caused the steelmakers suffer from the surged input costs.
In the Vietnamese domestic market, the government carried out the tight monetary policy to control the real estate, causing the domestic demand for steel products slump dramatically.
Consequently, around 20% of the Vietnamese steel enterprises face bankruptcy.
