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Vietnam's Deputy Prime Minister Bùi Thanh Sơn approved a national steel development strategy aiming for a self-reliant industry by 2030. The strategy prioritizes high-quality specialized steel products over conventional construction materials, targeting 80-85% domestic demand fulfillment.

Crude steel production is set at 25-26 million tonnes per year, with finished steel output at 32-33 million tonnes. By 2050, the goal is to produce 65-70 million tonnes of crude steel. The strategy emphasizes green steel development and the production of specialized steel for national infrastructure, including high-speed rail and defense applications. Stronger linkages across the steel value chain are also planned.