Hanoi, Feb. 12 -- Vietnam is setting ambitious goals for its steel industry, aiming to meet 80-85% of domestic steel demand by 2030, according to the freshly approved Steel Industry Development Strategy for the period up to 2030, with a vision toward 2050.

Under the strategy, approved under a decision signed by Deputy Prime Minister Bui Thanh Son on February 9, Vietnam will focus on producing high-quality steel products that meet national and international standards; diversify products, gradually transition to higher value-added, environmentally friendly products, and maximise the use of raw materials, thus meeting domestic demand, boosting exports, enhancing competitiveness, and deeply integrating into the global value chain.

It will a...