VietNamNet Bridge - Vietnamese steel manufacturers are importing more and more scrap steel for domestic production, as this is the easiest and most profitable way to make steel.

VietNamNet Bridge - The iron ore export ban has caused Vietnam to fail to collect tens of trillions of dong, while the continued steel production from iron ore has caused the environment to be seriously polluted.

 VietNamNet Bridge - The previous article analyzed the high tax rates on iron ore exports and the impact of tariff policies on mineral smuggling. This article will consider the competitiveness of Vietnamese steel producers.

VietNamNet Bridge - The Minister of Industry and Trade Vu Huy Hoang told the mid-year National Assembly session that the Ministry would put an end to the exploitation and processing of raw minerals, especially the exploitation of gold.

According to Vietnamese customs agency, the country exported 23,600 tons of iron ore to China in 2012, at $46 per ton on average while the Chinese customs body said China imported 1,748,566 tons at $92 per ton from Vietnam.

VietNamNet Bridge – Enterprises in several localities will be allowed to continue exporting unprocessed minerals under a decision issued by the Ministry of Industry and Trade (MoIT).