[SMM Iron & Steel] Vietnam Approves National Steel Strategy for 2030

Published: Mar 4, 2026 13:57

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The Vietnamese government officially approved a new national steel development strategy on February 13, 2026. The plan aims for crude steel production to reach 25–26 million tonnes per year by 2030, with a focus on self-reliance in high-value alloy and specialized steels for the automotive and defense sectors. By 2050, the vision targets a massive 70 million tonnes of annual crude steel capacity.

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