Akamon Management Review
Online ISSN : 1347-4448
Print ISSN : 1348-5504
ISSN-L : 1347-4448
Volume 14 , Issue 9
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  • Attainments and Challenges
    Nozomu Kawabata
    2015 Volume 14 Issue 9 Pages 451-494
    Published: September 25, 2015
    Released: September 25, 2016

    The aim of this paper is to examine the attainments and challenges of the iron and steel industry in Viet Nam. The demand for steel in Viet Nam is increasing, with focus on construction steel. While low-level industrialization is a restraining factor for the industry, the economic structure with high steel intensity is a promotional factor. Steel production is increasing in line with domestic demand. Private and foreign-affiliated enterprises are the main players in the expansion of steel production. Market selection based on survival of the fittest is working well. In general, the transition to a market-oriented economy is showing considerable results in Viet Nam. However, the industry still faces some challenges. While the low operating ratio due to overcapacity is a by-product of market-oriented reform rather than governmental intervention, the poor performance and governmental support of state-owned enterprises show insufficiency of reform.

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