The market may enter a new cycle. However, the quality of newly issued bonds needs to be carefully observed, especially companies established solely for the purpose of raising capital.
As the domestic market has been heavily affected by the COVID-19 pandemic, many small steel enterprises experienced a sharp decline in profit in the third quarter of 2021.
Japanese steel firm Kyoei Steel has registered to purchase two million shares in Viet-Italy Steel JSC (VIS) to increase its ownership to 70.42 per cent.
Japanese Kyoei Steel Company has announced its registration to purchase 33.2 million additional shares or 45 per cent stake of Viet Nam-Italy Steel JSC (VIS).
Viet Nam-Italy Steel Joint Stock Company (VIS) plans to invest VND1.658 trillion (US$72.7 million) in three projects to expand its production capacity, Vietnam News Agency reported.
The Deputy Prime Minister has urged relevant ministries and agencies to
rapidly implement the Viet Nam Industrialisation Strategy (VIS), which
is part of the Viet Nam-Japan cooperation framework through 2020.
Vietnam Italy Steel Co (VIS) reported that net sales in the third
quarter topped VND897 billion (US$42.5 million), a rise of 36 per cent
year-on-year, while net profit was nearly VND4 billion ($190,000).
Viet Nam-Italy Steel Company (VIS) posted a loss of VND36 billion
(US$1.7 million) in the third quarter and an accumulated loss of over
VND10 billion ($471,690) in the first nine months of this year.