Vietnam Metal Industry Trends 2024-2025

Overview of Vietnam's Metal Industry

Vietnam's metal industry is projected to achieve an export value of approximately 12 billion USD in 2024, a 15% increase compared to the previous year. Key products include steel, aluminum, copper, stainless steel, and various metal fittings.

Trend 1: Supply Chain Diversification from China

The US-China trade war and the China+1 strategy are accelerating the shift of manufacturing to Vietnam. Many multinational corporations are seeking alternative suppliers in Vietnam.

• FDI investment in the metal industry increased by 25% in 2024
• A significant increase in the number of new factories in Bac Ninh and Hai Phong

Trend 2: Green Transition

• Adoption of renewable energy in manufacturing
• Reduction of carbon emissions in line with COP26 commitments
• EU CBAM (Carbon Border Adjustment Mechanism) impacts steel exports
• Suppliers with environmental certifications are prioritized

Trend 3: Automation and Industry 4.0

• Robotization of screw and bolt production lines
• IoT in warehouse management and logistics
• AI for product quality inspection
• 20-30% reduction in production costs due to automation

Trend 4: Development of Value-Added Products

• Shift from simple processing to finished products
• Development of Own Brand Manufacturing (OBM)
• R&D investment in new materials

2025 Outlook

• Metal export growth: 12-18%
• Stable steel prices due to improved supply
• Strong increase in demand for stainless steel and aluminum in construction
• VinHardLink facilitates connecting suppliers with international markets