Vietnam has entered the world’s top 10 crude steel-producing countries for the first time, as reported by
VNA, a TV BRICS partner, with reference to the latest data from the World Steel Association (Worldsteel).
In April, the country produced an estimated 2.1 million tonnes of crude steel, a 4 per cent increase compared with the same month last year. The result enabled Vietnam to secure a place among the world’s ten largest steel producers.
The upward trend continued during the first four months of the year, with crude steel production reaching 8.5 million tonnes. This represents growth of 8.4 per cent year-on-year and reflects sustained expansion across the sector.
Over the past two decades, Vietnam has transformed its steel industry from one largely dependent on imported raw materials into a comprehensive manufacturing base capable of supplying a wide range of products. Domestic production now supports key sectors including mechanical engineering, shipbuilding, energy, and transport infrastructure.
Industry analysts note that the development of modern steelmaking facilities and investment in advanced technologies have played a crucial role in boosting production capacity and improving product quality. These changes have helped strengthen Vietnam’s competitiveness in regional and global markets.
Worldsteel data show that Vietnam produced 20 million tonnes of crude steel in 2023, ranking 12th worldwide. Production subsequently increased to 24.6 million tonnes, making the country the largest steel producer in Southeast Asia and moving it closer to the world’s leading steelmaking nations.
Experts expect further growth in the coming years as industrial demand rises, infrastructure projects expand, and manufacturing continues to play an increasingly important role in Vietnam’s economic development.