2011 saw unpredictable events in the European sovereign debt crisis depressing the global economy. In Vietnam, unstable macroeconomic conditions and negative impacts of the global economy caused domestic companies' operations to decline and brought many of them to the verge of bankruptcy.
Vietnam's steel industry was affected the following factors: increase in the cost of raw materials: exchange rate caused the production cost to go up; tight monetary policy and reduction of public investment...
Keep on reading: Vietnam’s steel industry badly hit by depressing global economy
Keep on reading: Vietnam’s steel industry badly hit by depressing global economy
