Of the figure, the exports of iron and steel to Cambodia accounted for 37 per cent; to the U.S – 15.6 per cent; to Malaysia – 20.2 per cent; and Indonesia – 19.2 per cent.

In the first seven months of this year, Vietnam’s exports of iron and steel to Cambodia increased sharply by 49 per cent in quantity and 77.9 per cent in value compared with the same period last year to 717,572 tons worth of $462.73 million; while the exports to the U.S reached 532,779 tons worth of $452.81 million, up  by 71.6 per cent in quantity and 81.7 per cent in value.

The country’s exports of iron and steel to Malaysia increased by 88.5 per cent in quantity and 108.6 per cent in value to 391,607 tons worth of $266.98 million; to Indonesia – up by 22.3 per cent in quantity and 33 per cent in value to 372,514 tons worth of $295.33 million.

In the first seven months of this year, the country’s exports of iron and steel to Japan rocketed by 476.7 per cent in quantity and 272.7 per cent in value to 44,218 tons worth of $35.66 million; to Ukraine – up by 337.5 per cent in quantity and 572 per cent in value to 105 tons worth of $0.15 million; to Russia – up by 114.2 per cent in quantity and 115.4 per cent in value to 6,353 tons worth of $6.58 million; to Turkey – up by 115.6 per cent in quantity and 212.9 per cent in value to 1,048 tons worth of $1.67 million.

However, the exports of iron and steel to Switzerland decreased sharply by 99 per cent in quantity and 96 per cent in value to 39 tons worth of $0.07 million; to Saudi Arabia – down by 66.2 per cent in quantity and 63.4 per cent in value to 1,962 tons worth of $1.37 billion; and to Pakistan – down by 56 per cent in quantity and 45.6 per cent in value to 15,958 tons worth of $9.51 million.