Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits.
Exporters worry that the development is
expected to continue in 2012, alongside a narrowing of markets for some
export products brought about by the continuing global economic
recession. SEE MORE VietNamNet Bridge – The 13th adjustment in October of the dong/dollar
exchange rate made by the State Bank of Vietnam has made the dong lose 0.73
percent of its value since the beginning of October. SEE MORE US oil giant Exxon Mobil Corp discovered
hydrocarbons in August off the coast of Da Nang, in central Vietnam,
the company said on Thursday.
The Financial Times had reported that
ExxonMobil has made a potentially significant gas discovery off the
coast of central Vietnam. SEE MORE LONDON (ICIS)--Wacker Chemie's
third-quarter net profit fell 19.8% year on year to €124.9m ($178.4m),
partly because of spikes in raw materials costs which offset higher
sales, the Germany-based chemical producer said on Friday SEE MORE LONDON (ICIS)--INEOS’s third-quarter earnings
before interest, tax, depreciation and amortisation (EBITDA) fell 20%
year on year to €371m ($515m), partly because of a softening in demand
from the weakening economy, the Swiss-headquartered company said on
Monday. SEE MORE