Tag: losses

Vietnam’s textile and garment export turnover reached $31.3 billion in the first eight months of 2022, up 16.4 per cent year-on-year. However, according to SSI Research, the picture in the fourth quarter is not too bright, because the number of orders will be 25-50 per cent lower than in the second quarter, equivalent to a 15-20 per cent fall in revenue year-on-year. At the same time, the sales outlook is also bleak, as the USD/VND exchange rate is forecast to continue to decline in the second half of the year.

Revenue in Vietnam’s beverage industry plummeted 17 per cent in 2020 compared to 2019. Although the industry is likely to recover over the course of this year thanks to the reopening of tourism and dining, gross profits seem certain to fall because the cost of all input materials are at high levels.

Foreign investment funds continued to trade inefficiently and suffer losses in March. Their activities are expected to improve in the coming months, however, as the VN-Index is forecast to grow strongly throughout the year, driven by macroeconomic factors.

Construction businesses have faced a host of difficulties from Covid-19, such as supply chain disruptions, suspended operations, and project closures. These difficulties are summarized in a Ministry of Construction report on implementing solutions to support businesses and individuals affected by the pandemic.