Business and Political News from China and Southeast Asia
Friday, July 30, 2010 1:43
Vietnam: Steel exchange e-platform to strengthen distribution
Sunday, February 15, 2009, 22:18
Vietnam Steel Corporation (VN Steel) announced plans to speed up an electronic steel exchange platform for 2009 to help build up local distribution channels, according to Vietnam News Agency. The e-platform will facilitate transactions between vendors and buyers, getting rid of traditional channels notorious for high investment costs and low efficiency output. VN Steel also plans to streamline logistics through the construction of a central logistics and steel materials center in Hanoi and Ho Chi Minh City. The Vietnamese government has just announced it is seeking $12 billion USD to upgrade infrastructure in 15 cities and provinces across the country.
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