State-owned chemical manufacturer Vinachem saw profits surge by 2.8 times last year to VND6.02 trillion (US$256.50 million) thanks to high fertilizer prices.
Revenues were up 17% to a record VND62.26 trillion.
It sold over three million tons of fertilizers, 3,700 car tires, 2,300 million kilowatt-hours of batteries, 280,000 tons of cleaning liquids, and other products.
Its foreign trade rose by 15% to over $780 million.
The prices of fertilizers like DAP and urea went up to record levels of $1,000 per ton and $900 in Asia last year, the company said.
Vietcombank Securities analysts forecast demand for chemicals to rise this year in China, Japan and South Korea for use in semiconductor production.
- Reduce Hair Loss with PURA D’OR Gold Label Shampoo
- Castor Oil Has Made a “Huge” Difference With Hair and Brow Growth
- Excessive hair loss in men: Signs of illness that cannot be subjective
- Dịch Vụ SEO Website ở Los Angeles, CA: đưa trang web doanh nghiệp bạn lên top Google
- Nails Salon Sierra Madre