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RoK steel companies eye investment in Vietnam

Steel News - Published on Mon, 18 Mar 2019

Image Source: Thanh Nien News
SGGP News reported that the Vietnam Chamber of Commerce and Industry has recently unveiled that many steel firms from the Republic of Korea (are planning their investments in Vietnam. Jung Won Bae, Chairman of S&M Media, a RoK mass media organisation that specializes in steel and nonferrous metals, said Vietnam is received significant attention from RoK steel enterprises for its political stability compared to other emerging economies.

Amid the US China trade war, RoK steel producers operating in China want to move their facilities to avoid the US’s tariff targeting China.

Vietnam’s steel market is forecast to be in good shape during this year’s first quarter despite high prices, said the Vietnam Steel Association

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Posted By : Rabi Wangkhem on Mon, 18 Mar 2019
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