Author: the-shiv

This archive features news articles written by our staff team. To learn more about the-shiv, visit our about page.

Vietnam’s wood imports rise 5.56 percent in February 2025

Vietnam’s wood and wooden product imports increased by 5.56 percent month-on-month in February, reaching US$208.53 million, according to Vietnam’s General Department of Customs. This follows January’s total of US$197.54 million, bringing year-to-date imports to US$405.92 million.

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Vietnam’s chemical imports surge 21.73 percent in February 2025

Vietnam’s chemical imports rose by 21.73 percent month-on-month in February, reaching US$657.83 million, according to Vietnam’s General Department of Customs. This marks a significant increase from January’s total of US$540.41 million, reflecting growing demand for chemicals across industries.

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Bad debts to see well-known Vietnam ship-restaurant to go under the hammer

The HCM City Property Auction Service Center is set to auction the debt of Hao Huy Trading Company Limited to recover nearly VND 134 billion (US$5.24 million) owed to Vietnam’s Agribank. The debt is secured by the well-known Elisa ship restaurant anchored at the foot of Nguyen Hue Boulevard in the heart of Ho Chi Minh City, Tuoi Tre is reporting.

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Profit swings to loss for Vietnam power firm after labelling error found

Nearly a year after publishing its 2023 financial report, Thang Long Thermal Power Joint Stock Company — a member of Geleximco Group — has acknowledged a significant reporting error, revising its 2023 profit of VND 122 billion (US$4.8 million) to a loss of more than VND 528 billion (US$20.6 million). The correction comes after the company issued nearly VND 1,800 billion in bonds over the last twelve months since the incorrect statements were made public, VietnamNet has reported.

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Vietnam to roll back some environment protection obligations for small business

Vietnam is refining its Extended Producer Responsibility (EPR) policy to ease compliance for small businesses. This includes removing EPR obligations from manufacturers and importers of packaging for export, temporary import and re-export, or for research and testing purposes and companies with annual packaging sales revenue under VND 30 billion (US$78 million), VN Economy is reporting.

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