Top 5 benefits of importing galvanized steel coil in Vietnam
BlogDate: 14-10-2024 by: Ngoc Cam
The benefits of importing galvanized steel coils in Vietnam have been partly proven through the export of 1.5 million tons in 2023. Vietnam is increasingly asserting its position in the international steel export market thanks to advantages in price, product quality, geographical location,...
In this article, MRS Steel will analyze the top 5 benefits that importers will enjoy from importing Vietnamese galvanized steel coils.
Discover the top 5 benefits of importing galvanized steel coil in Vietnam for competitive pricing and quality
Geographical benefits of importing galvanized steel coil in Vietnam
Vietnam is one of the few countries in Southeast Asia with the most ideal maritime geographical location, directly connecting to China, India, Japan as well as accessing other large markets via international sea routes. Vietnam has a modern seaport system along with many deep-water ports that greatly support steel exports. These ports not only help optimize costs and shipping times but also support Vietnam's participation in the global galvanized steel coil supply chain.
Leverage Vietnam's geographical advantages for faster, cost-efficient imports of galvanized steel coil globally
Developed logistics services
Vietnam is implementing modern information technology solutions to logistics management and operations to automate warehouse management, tracking and traceability of goods. Along with implementing blockchain to ensure transparency and safety during GI coil transportation, this not only significantly reduces costs but also saves a lot of shipping time. That is also the reason why importers from distant markets such as the US, Australia,... do not hesitate to approach Vietnamese steel sources.
Vietnam has also established good cooperative relationships with international and regional partners to enhance logistics capacity. This cooperation makes the customs clearance and entry processes easier and faster.
Modern logistics and blockchain transparency make importing galvanized steel coil from Vietnam faster and cost-effective
Tax incentives from FTA agreements and anti-dumping policies
Vietnam is a member of several important trade agreements such as CPTPP, EVFTA and many other FTAs, opening up many opportunities to access large markets, reducing or exempting import duties on galvanized steel coils. This helps Vietnamese steel products become more competitive in price, attracting more international customers. In addition, galvanized steel manufacturers always proactively respond and handle foreign trade defense investigations, so they always have the lowest and preferential tax rates compared to other investigated countries.
FTA tax incentives and proactive policies make importing galvanized steel coil from Vietnam highly competitive
Advanced manufacturing technology, outstanding product quality
One of the benefits of importing galvanized steel coils in Vietnam that attracts many customers is advanced production technology and outstanding product quality. Vietnam uses electric arc furnaces (EAF) to melt steel billets, saving energy and being more environmentally friendly than traditional methods. The diverse and modern galvanizing technology creates a comprehensive protective coating, especially effective for outdoor applications and in harsh environments. For the GI coils, Vietnam has many international brands such as Hoa Sen, Nam Kim, Ton Dong A,... Hoa Sen is the leader in galvanized steel in Vietnam with a rust removal capacity of 1.9 million tons/year and a NOF line 2.2 million tons/year. In addition, GI coil mills also achieved many international certifications for quality and safety such as ASTM, ISO 9001, JIS, EN, BS,...
Advanced technology and certified quality make Vietnam a top choice for galvanized steel coil imports
Competitive pricing
One of the biggest reasons that helps Vietnam attract many GI coil importers is competitive pricing compared to exporting countries like India, the USA, South Korea, Japan,... Vietnam benefits from lower labor costs compared to many developed countries, thus reducing overall production costs. In addition, Vietnam also has the advantage of abundant raw materials, with its crude steel production ranking 12th globally in 2023, minimizing supply shortages due to global fluctuations.
The mills also apply advanced technologies and strict quality management processes to optimize production processes. This efficiency not only helps reduce waste but also cuts operating costs. Furthermore, large production capacity allows mills to leverage scale to reduce product costs.
Competitive pricing and efficient production make Vietnam a leading source for galvanized steel coil imports
MRS Steel - elevating your success with premier galvanized steel solutions
MRS Steel is proud to be one of the largest suppliers of galvanized steel coils in Vietnam for many industrial applications such as construction, automobiles and household appliances. Recognizing that each customer has unique needs for GI coil products, MRS Steel connects with the largest GI mills in Vietnam to meet all importer requirements. MRS Steel is always proud of its excellent customer service from initial consultation to after-sales support, helping customers feel secure and comfortable throughout their purchasing journey.
Vietnamese steel is increasingly holding a high position on the global steel map and is the preferred choice for importers, thanks to the numerous benefits of importing galvanized steel coil in Vietnam. With crude steel production capacity ranked among the top 12 globally, the Vietnamese steel industry is poised for even more dramatic growth in the near future. To receive the best quotes for Vietnamese galvanized steel coil today, please contact MRS Steel via Email: vanloc@mrssteel.com.vn or Whatsapp: +84 769 112 358 for 24/7 support.
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