VIETNAM STEEL INDUSTRY

The first 3 months of 2019 was a period of time when the steel industry witnessed many positive changes: the domestic steel price went up to 12.6 million VND/ton due to the impact of material price fluctuation, however, the steel industry was ebullient because of the increasing demand for the construction season.

Regardless structural steel, despite the pretty good growth rate of volume, the business efficiency did not rise correspondingly . The structural steel consumption increased 20.71% over the same period of 2018.
Regardless flat steel, the year 2018 was also a particularly difficult year for flat steel enterprises. Currently, 2 steel projects (Viet – Trung Steel Factory, Phase 2 of Thai Nguyen Iron and Steel Factory) are still weak, dependent on billet protection policy of the Ministry of Industry and Trade , ore consumption, especially it is seriously losing its capital balance.

Regardless steel trade, despite having difficulty in exporting, Vietnam steel exports still increased by 23.45% in volume and 8.78% in value. In the first 3 months of 2019, China was still the biggest supplier of Vietnam, accounting for 40.95% of the total imported steel volume.

It is forecasted that 2019 will be a year when the steel industry continues to face many difficulties: the difficulty of the trend of protectionism in the world is still increasing, the US – China trade war has not yet come to an end, the continuous fluctuation of raw material price will have an impact on Vietnam’s steel industry.

However, Vietnam steel association has a positive views about the steel industry. In 2019, Vietnam steel industry will still have opportunities to develop when the Government sets a high economic growth goal at 6.8 – 7%. After 3 years of public investment capital disbursing shortfall, in 2019, the Government is determined to boost disbursement. When the disbursement situation gets better, new construction projects will increase and steel consumption will prosper … Accordingly, in 2019, steel industry growth may still be at 10%.

Abbreviations
Executive summary
I. Business environment
1.1. Macroeconomic context
1.2. Legal framework
II. Global market
2.1. Definition and classification
2.2. Production process
2.3. Production technology
2.4. Production
2.5. Consumption
2.6. Import – export
III. Vietnam market
3.1. History of development
3.2. Industry value chain
3.3. Scale
3.4. Construction steel
3.5. Galvanized steel
3.6. Import – export
IV. Planning and prediction
4.1. Planning
V. Enterprise analysis
5.1. Enterprise introduction
5.2. Financial analysis

Hoa Phat Joint Stock Company
Hoa Sen Group
Thai Nguyen Iron And Steel JSC
Pomina Steel Corporation
Italy Steel Joint Stock Company
DANA Iron and Steel Joint Stock Company
Hoa Sen Group
Nam Kim Steel Joint Stock Company
Vietnam Germany Steel Pipe JSC
DTL: Dai Thien Loc Corporation
SMC Steel Company Limited
TIENLEN CORPORATION
Thien Nam Trading Import Export JSC

List of figures
Figure 1: GDP growth by quarter, 2016 – 2019
Figure 2: Vietnam’s urbanization rate, 2012 – 2018
Figure 3: VND / USD exchange rate, 1/2013 – 3/2019
Figure 4: Average interest rate, 2012 – 3T/2019
Figure 5: Average electricity price, 7/2007-3/2019
Figure 6: Coal price fluctuations, 2013 – 3T/2019
Figure 7: Coal production and export output, 2008 – 3T/2019
Figure 8: Global steel production, 2011-Q1/2019
Figure 9: Global steel production structure, 2000 – 2018
Figure 10: 10 largest nations’ steel production output 2017-2018
Figure 11: Steel production according to use cases, 2017
Figure 12: Steel production structure by different methods, 2017
Figure 13: World steel consumption, 2011-2017
Figure 14: Steel consumption volume of certain areas, 2011-2017
Figure 15: Regional steel consumption, 2017
Figure 16: Per capita steel consumption, 2017
Figure 17: World’s flat steel value chain, 2015
Figure 18: Enterprise and worker quantity in the steel industry, 2010 – 2017
Figure 19: Number of businesses by region 2017
Figure 20: Vietnam crude steel output, 2007 – Q1/2019
Figure 21: Crude steel output in the region, 2018
Figure 22: Steel consumption volume, 2009-3M/2019
Figure 23: Steel product consumption structure, 3M/2019
Figure 24: Defense constructing steel tax, 2017 – 2021
Figure 25: Constructing steel output, 2017 – 3T/2019
Figure 26: Constructing steel consumption volume, 2011 – 3T/2019
Figure 27: Market share of construction steel in Vietnam 2010 – 2017
Figure 28: Rebar price movement 2018
Figure 29: Steel pipe production and consumption, 2012 – 3T/2019
Figure 30: Market share of steel pipe production, 11M/2018
Figure 31: Galvanized steel market share, 2018
Figure 32: Galvanized steel production and consumption, 2012- 3T/2019
Figure 33: Imported steel in the period of 2011-Q1/2019
Figure 34: Steel import structure by market Q1/2019
Figure 35: Iron and steel import revenue from China, 2016 – 3T/2019
Figure 36: Iron and steel production and export, 2009 – Q1/2019
Figure 37: Iron and steel export market structure, Q1/2019
Figure 38: Vietnam steel exports to the US, 2011 – Q1/2019
Figure 39: Structure of Vietnamese steel products exported to the US, 3T/2019
Figure 40: Net revenue and growth, 2017 – 2018
Figure 41: Gross profit and Gross profit rate 2017-2018
Figure 42: Selling expenses/net revenue, 2017-2018
Figure 43: Corporate management costs and/Net revenue, 2017-2018
Figure 44: Financial cost / Net Revenue, 2017 -2018
Figure 45: Asset structure, 2018
Figure 46: Debt structure, 2018
Figure 47: Inventory turnover, 2018
Figure 48: Receivables Turnover, 2017 – 2018
Figure 49: Solvency of businesses, 2018
Figure 50: Probability ratio/asset and equity, 2018
Figure 51: Profit after tax, 2017 – 2018

List of tables
Table 1: Growth rate of steel consumption by sector between regions 2014 – 2016 (%)
Table 2: Currently-invested projects
Table 3: Construction steel market share 6T/2018