By Tat Dat  &nbspJanuary 8, 2023 | 08:16 pm PT
Vinachem profits soar 2.8-fold

Fertilizer manufacturing in a manufacturing unit of a subsidiary of Vinachem. Photo courtesy of the corporate

State-owned chemical producer Vinachem noticed income surge via 2.8 occasions final yr to VND6.02 trillion (US$256.50 million) because of top fertilizer costs.

Revenues had been up 17% to a report VND62.26 trillion.

It offered over 3 million lots of fertilizers, 3,700 automotive tires, 2,300 million kilowatt-hours of batteries, 280,000 lots of cleansing liquids, and different merchandise.

Its overseas industry rose via 15% to over $780 million.

The costs of fertilizers like DAP and urea went as much as report ranges of $1,000 in step with ton and $900 in Asia final yr, the corporate mentioned.

Vietcombank Securities analysts forecast call for for chemical substances to upward thrust this yr in China, Japan and South Korea to be used in semiconductor manufacturing.

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