According to the Viet Nam Steel Association, the country's steel industry has great development potential. Speaking at a seminar titled "Viet Nam's steel industry – rise and fall and development potential" in HCM City on Monday, Dr Nguyen Van Sua the association's vice chairman said that per capita consumption in Viet Nam is 200kg, below the world average of 216kg. he said that "In an industrialised economy, the per capita consumption ranges from 500kg to 600kg."