Tuesday , November 26 2024

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Soaring prices send fertilizer firms’ profits skyrocketing

Soaring prices send fertilizer firms' profits skyrocketing

Vietnamese fertilizer firms reported three- and four-digit profit growth in the first half as global prices climbed on surging demand amid post-Covid recovery and the Russia-Ukraine war. The biggest producer, state-owned Vinachem, saw profits go up by 31 times to VND4.098 trillion (US$175.3 million) and revenues jumping 26 percent to …

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FLCHomes posts $1.9 mln loss in H1

FLCHomes posts $1.9 mln loss in H1

Property developer FLCHomes posted a loss of VND43.6 billion ($1.87 million) in the first six months despite being in the black for the last four years. The property unit of FLC saw revenue plunging 75 percent to VND400 billion. The company failed to organize its annual general meeting last month …

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New Covid wave in Vietnam unlikely: experts

Though the number of daily infections and severe cases keeps rising, experts said it is implausible for Vietnam to experience another Covid-19 wave. In the week between July 18 and 24, Vietnam recorded 329 serious Covid-19 cases that must be hospitalized for treatment, up 73 percent from the previous week. …

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