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All three expressways connecting HCMC with provinces to its southeast and southwest are suffering frequent congestion, unable to handle the high traffic volumes they experience. On the afternoon of July 30, long lines of cars and trucks clogged the Trung Luong – My Thuan Expressway going from HCMC towards the …

Vinamilk reported a 26-percent year-on-year fall in second-quarter profits to VND2.1 trillion (US$89.97 million), and blamed it on inflation driving demand down and costs up. The dairy giant’s revenues fell by 5 percent to VND14.93 trillion. In the first five months sales of fast moving consumer goods fell by 2 …

Leading construction company Coteccons reported a loss of VND24 billion ($10.36 million) for the second quarter after making a bad-debts provision of VND242 billion. Its revenues were VND3.28 billion, up 29 percent year-on-year, and gross profits were VND215 billion, up 60 percent. But net profits tumbled by 153 percent as …