Recently, Hoa Phat (HOSE: HPG) has significantly reduced its hot-rolled coil (HRC) steel prices amid weak demand and intense competition with China.

Data from the Vietnam Commodity Exchange (MXV) reveals that during the final trading week of March (March 25-29), buying pressure dominated in three of the four commodity groups traded globally at MXV: Industrial, Energy, and Agricultural products. This led the MXV-Index to rise by 1.08% to 2,237 points, extending its gain for the sixth consecutive day. The average trading value on the Exchange was nearly VND 5,700 billion per day, down 15% from the previous week.

Data from the Vietnam Commodity Exchange (MXV) shows that the global raw material market received positive buying pressure yesterday (March 29). The MXV-Index increased by 0.95% to 2,238 points, the highest in the last four months. The total trading value on the Exchange exceeded VND 6,100 billion, up 21.6%. Notably, the cash flow into the agricultural sector surged by 210%, accounting for 36% of the total trading value on the Exchange. The energy sector led the market trend yesterday, with all five commodities increasing in price.

In the draft Circular amending, supplementing, and abolishing certain regulations in the fuel business, the Ministry of Industry and Trade proposes tightening regulations on renting or borrowing fuel storage facilities by companies.

On March 26, during an investor meeting at the Hòa Phát Dung Quất Steel Complex, Nguyễn Việt Thắng, CEO of Hòa Phát (HOSE: HPG), announced that the company had submitted a proposal to investigate anti-dumping duties on Chinese Hot Rolled Coil (HRC) steel. The proposal was filed alongside Formosa on March 19.

In December 2023, the export price of Vietnamese rice reached a record high of $663 per ton for 5% broken white rice. However, by early February 2024, the price had dropped to around $638 per ton, though still the highest in the world, surpassing rice from Thailand and Pakistan. After the Lunar New Year holiday, the export price of rice fell sharply, reaching as low as $580 per ton at one point, below Thailand's price.

Steel imports, primarily from China, have been flooding into Vietnam, putting immense pressure on domestic steel producers.

According to the adjustment by the Ministry of Industry and Trade and the Ministry of Finance, effective from 15:00 on March 21, gasoline prices have increased by over 700 VND per liter, and diesel oil prices have risen by 470 VND per liter.

On March 19, the Ministry of Agriculture and Rural Development (MARD) held a conference with provinces and cities in the Mekong Delta region to discuss the proposal of a project supporting low-carbon rice production infrastructure. The total investment for the project, planned for the 2026-2031 period, is estimated at $375 million, equivalent to about VND 9,000 billion.

Data from the Vietnam Commodity Exchange (MXV) shows that global raw material markets continued to show mixed trends on March 18th. The green color continued to dominate, with the MXV-Index rising 0.66% to 2,225 points, extending the winning streak to six consecutive days. The total trading value on the exchange was over 5.7 trillion VND.

Vietnam is a global leader in the production and export of Robusta coffee and pepper. However, foreign companies are increasingly dominating the market share for these commodities.

Oil prices extended their gains on Thursday (March 14) after a surprising drop in U.S. crude reserves indicated increased demand, while potential supply disruptions from Ukrainian attacks on Russian refineries further supported oil prices.