Top 5 Benefits of Importing Galvanized Steel Coils from Vietnam

Vietnam’s position in the global steel market continues to strengthen, with the country exporting 1.5 million tons of galvanized steel coils in 2023. The key to this growth lies in several significant advantages that make importing steel from Vietnam a strategic choice for businesses worldwide.

Here are the top 5 benefits of importing galvanized steel coils from Vietnam:

1. Competitive Pricing and High-Quality Products

Vietnam's steel industry benefits from lower labor and production costs compared to developed markets like the USA, Japan and South Korea. This results in highly competitive prices without sacrificing product quality. Leading manufacturers, such as Hoa Sen and Nam Kim, leverage advanced production technologies like electric arc furnaces (EAFs) to produce premium galvanized steel that meets international certifications (ISO, ASTM, JIS).

2. Geographical Advantage for Efficient Trade

Vietnam’s strategic maritime location in Southeast Asia allows it to directly connect with major markets like China, India and Japan. With access to efficient international shipping routes and a modern seaport system, including deep-water ports, importers benefit from reduced shipping costs and faster delivery times.

3. Advanced Logistics and Transparent Supply Chains

Vietnam’s logistics infrastructure is rapidly modernizing with the integration of cutting-edge technologies such as blockchain for transparency in shipment tracking. This helps reduce costs and optimize delivery times, making Vietnamese steel an attractive option even for distant markets like the US and Australia.

4. Tax Incentives from Free Trade Agreements

Vietnam is part of several trade agreements like the CPTPP and EVFTA, which offer reduced or exempted import duties for galvanized steel coils. Additionally, Vietnamese manufacturers are proactive in addressing anti-dumping investigations, ensuring importers benefit from the most favorable tax rates.

5. Sustainability and Technological Innovation

Vietnam’s steel industry is increasingly adopting energy-efficient technologies and eco-friendly production methods. The use of EAFs in the steelmaking process not only saves energy but also aligns with global sustainability trends, making Vietnamese steel products a preferred choice for environmentally-conscious businesses.