Mai Van Tinh, former Chairman of Vietnam Steel Corporation (VNSTEEl) and Dau Van Hung, former General Director of VNSTEEL were detained for their alleged legal violations in the production expansion project of Thai Nguyen Steel Corporation.

The 12 unprofitable projects under the management of the Ministry of Industry and Trade (MOIT) need a bailout but it is still unclear where the money will come from.

 The VND8 trillion ($361.4 million) Thai Nguyen iron and steel plant-phase 2, invested by Thai Nguyen Iron and Steel JSC (TISCO), is finding potential investors, according to newswire Tuoitre.vn.

 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.