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Day: September 20, 2024

Century Synthetic Fiber Corporation: Vietnam Stock Overview

In the first half of 2024, STK’s revenue declined by 18.2 percent year-over-year to US$23 million due to lower sales. In response, STK stopped a number of machines and instead focused on reducing excess inventory. The company also recorded a net loss of US$2.2 million reportedly due to a surge in financial expenses, the result of unrealized exchange rate losses of US$1.7 million on a US dollar-denominated loan used to invest in a new factory…

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Vietnam News Roundup: September 13 to September 19

This week’s Vietnam news roundup covers the latest State Bank foreign currency purchases, the lifting of pre-fund requirements for foreign institutional investors, the latest car sales figures, an update on Vietnam’s pursuit of nuclear power, beer production data, and more…

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