Steel imports top $2.5 bln
Imports of steel and steel products have topped US$2.5 billion so far this year, 16 percent up over the same period last year, the General Statistics Office said.
Steel billets, stainless steel, hot-rolled steel, and steel sheets were the top import categories.
China was the largest supplier, following by Japan and Korea.
Vietnam remains a net steel importer. Last year its imported 10.98 million ton of steel and steel products worth $7.09 billion while exports were $1.17 billion.
This year the government has been encouraging domestic production of billets to reduce import.
The Ministry of Finance recently proposed a 6 percent tax on export of construction steel but exporters are opposed to it.
Print 
Imports of steel and steel products have topped US$2.5 billion so far this year, 16 percent up over the same period last year, the General Statistics Office said.
Steel billets, stainless steel, hot-rolled steel, and steel sheets were the top import categories.
China was the largest supplier, following by Japan and Korea.
Vietnam remains a net steel importer. Last year its imported 10.98 million ton of steel and steel products worth $7.09 billion while exports were $1.17 billion.
This year the government has been encouraging domestic production of billets to reduce import.
The Ministry of Finance recently proposed a 6 percent tax on export of construction steel but exporters are opposed to it.
Steel billets, stainless steel, hot-rolled steel, and steel sheets were the top import categories.
China was the largest supplier, following by Japan and Korea.
Vietnam remains a net steel importer. Last year its imported 10.98 million ton of steel and steel products worth $7.09 billion while exports were $1.17 billion.
This year the government has been encouraging domestic production of billets to reduce import.
The Ministry of Finance recently proposed a 6 percent tax on export of construction steel but exporters are opposed to it.
