Developing Vietnam's steel industry for a solid future foundation

Thời ĐạiThời Đại15/11/2024

Steel industry - the name sounds dry, but hidden within it is the story of the strong transformation of a sector that is considered the backbone of the national economy. From factories resounding with the sound of smelting steel, the Vietnamese steel industry has been creating a solid foundation not only for infrastructure projects but also for international economic integration. In the context of globalization, the National Brand 2024 program is no different from a "lighthouse" guiding the way, helping steel enterprises firmly step on the journey to affirm their position.

Steel bars of faith

Vietnam's steel industry has come a long way from small-scale production to becoming an indispensable part of the global supply chain. In 2024, finished steel output is expected to reach 28-30 million tons, half of which will be for export. Behind these numbers is the story of dedicated, constantly innovating businesses. Steel manufacturing corporations such as VNSTEEL and VAS Nghi Son have invested heavily in modern technological lines, producing steel products that meet international standards. They not only aim to compete on price but also build trust through quality and sustainability.

Phát triển ngành thép Việt Nam vì một nền móng tương lai vững chắc
Vietnam Steel Corporation - JSC (VNSTEEL) "VNSTEEL Coil Steel, SOUTHERN STEEL /V/ Rebar Steel" and Viet-Uc Rebar Steel were honored as National Brands in 2024

In particular, the National Brand 2024 program is like a breath of fresh air to help the Vietnamese steel industry shine brighter on the global stage. Enterprises that achieve this title carry a great responsibility - not only proving their production capacity but also conveying a message of creativity and national pride.

Steel and the challenges of the green age

Steel, no matter how strong, must adapt to the new demands of the times. The European Union’s Carbon Border Adjustment Mechanism (CBAM) is a typical example. This poses a difficult problem for the Vietnamese steel industry: How to remain competitive while meeting strict carbon emission standards? But the challenge is also an opportunity. Investing in green manufacturing technology, reducing emissions and reusing energy is not only an adaptation but also a strategy for the steel industry to shape the future.

Today’s factories are not only places for steel production, but also symbols of transformation, where technology and environmental awareness go hand in hand. The Vietnamese steel industry is moving strongly into the green era, not only demonstrating a transformation in production but also in its commitment to sustainable development. This is one of the core criteria that the National Brand Program is aiming for: “Strengthening the green era”.

Phát triển ngành thép Việt Nam vì một nền móng tương lai vững chắc
Steel industry ready for green transformation to adapt to CBAM mechanism

Viet Steel - New symbol of creativity

The National Brand Program is not only a prestigious medal but also a springboard for the steel industry to conquer new heights. When a product is labeled "Made in Vietnam," it is not only an affirmation of its origin but also a belief in its quality, cultural values, and continuous efforts. Steel bars, whether silver gray or shiny black, are not just simple construction materials - they are a testament to Vietnam's perseverance, creativity, and aspiration to rise.

The Vietnamese steel industry has overcome great challenges to stand firm in the international market. But this is not the destination. The journey ahead requires the steel industry to continue to innovate, diversify products and expand export markets. To do that, the support of State policies, the determination of businesses and the trust of consumers are indispensable factors. Vietnamese steel bars do not only build buildings, bridges or factories, they are building a prosperous future, a sustainable foundation for the whole economy and the image of the country. That is the greatest value that the steel industry, with all its efforts, is creating for Vietnam every day on its development journey.

Time

Source: https://thoidai.com.vn/phat-trien-nganh-thep-viet-nam-vi-mot-nen-mong-tuong-lai-vung-chac-207794.html


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