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VSA said that domestic steel plants are facing a lot of difficulty due to rising production costs.rising inventories and other financial costs as well as the competition from low-priced imported products.
The pressure from Chinas export is huge.8 million tonnes in the two months.the domestic steel industry is facing numerous risks in 2023.
adding that steel products of Vi?t Nam also meet international standards and are exported to many countries around the world.steel imports from China often accounted for below 50 per cent of Vi?t Nams total steel imports but now the proportion has increased to around 70 per cent.
equivalent to that of 2014-15 when China increased exports due to overproduction.
VSAs statistics showed that Vi?t Nam initiated 10 investigations on imported steel products in the 2016-23 periodMasan Group - through its direct subsidiary.
there have been nearly a dozen deals of foreign investors buying controlling shares of Vietnamese financial companies with values ranging from several tens of millions of US dollars to more than a billion US dollars.In regard to local firms which are mainly small and medium-sized enterprises.
increasing its ownership ratio to 85 percent.or acquisition of assets of Vietnamese enterprises are governed by Vietnamese law according to the Investment Law 2023 (amending and supplementing a number of articles of the Investment Law 2020) and specialized laws.