Vietnam’s total steel import turnover surged to seven billion USD in thefirst six months of this year, according to the Ministry of Industryand Trade.
Statistics from theministry show that in the reviewed period, steel import increased over36 percent in volume and 10 percent in value.
China remained Vietnamese biggest steel exporter.
In June, steel imports jumped 205.3 percent in volume and 94.4 percent in value.
Expertshave warned that rising demand for steel imports will not onlyimpact domestic manufacturing businesses but is also an indication of a“bubble” phenomenon in the domestic real estate market which the countryhas previously experienced.-VNA
Statistics from theministry show that in the reviewed period, steel import increased over36 percent in volume and 10 percent in value.
China remained Vietnamese biggest steel exporter.
In June, steel imports jumped 205.3 percent in volume and 94.4 percent in value.
Expertshave warned that rising demand for steel imports will not onlyimpact domestic manufacturing businesses but is also an indication of a“bubble” phenomenon in the domestic real estate market which the countryhas previously experienced.-VNA
