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A steel flyover at Cay Go roundabout in Ho Chi Minh City opened to traffic on October 19, expected to offer a traffic relief to the city’s congested gateway to south-western provinces.

Economists believe Vietnam’s steel and iron producers will benefit from expanded export opportunities ushered in by the scheduled conclusion of Trans-Pacific (TPP) Partnership negotiations later this year.

Japan's Maruichi Sun Steel Joint Stock Company opened a new steel factory on a 30-ha land lot in Di An district, the southern province of Binh Duong on December 3.

Vietnam is expected to ship around 2.5 million tonnes of steel abroad by the end of 2013, earning more than US$2 billion.