Topic: decrease

The Vietnam Steel Association (VSA) has reported that steel production and consumption in the first nine months of this year continued to decline, by 5.8 per cent and 1.6 per cent, respectively, over the same period of 2021. The steel sector is forecast to recover in the fourth quarter of this year, which is when steel demand usually increases as construction projects pick up the pace.

The Ho Chi Minh City Statistics Office has released a report on the city’s socio-economic situation in August and the first eight months of 2022. August was the first month this year that the city’s CPI fell, by 0.31 per cent, though it rose compared to August last year and since last December. It fell mainly due to lower fuel prices.

Real estate posted the least effective business results in the second quarter of 2022 of eleven industries, with many listed companies seeing negative market capitalization growth. Total revenue in the second quarter by listed real estate companies was down 58.4 per cent year-on-year while net profits were down 51.3 per cent.