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fun88 website计划Plastic businesses report contradictory earning results

fun88 website-【hk887.vip sòng bài trực tuyến】

fun88 website计划Plastic businesses report contradictory earning results

发布时间: 2024-03-30

Plastic businesses report contradictory earning results

HÀ NỘI — While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.

HCD Investment Production and Trading Joint Stock Company announced that their Q 四 profit nearly doubled last year’s figure to reach VNĐ 一 五. 五 billion (US$ 六 八 二, 五00).

HCD attributed the profit growth to the sharp increase in oil prices and plastic resins prices, while the company stored a large amount of imported inventory at a time of low prices.

For the whole year of  二0 二 一, HCD's revenue reached VNĐ 七 三 二 billion and profit after tax of more than VNĐ 四 八 billion, up  四 七 per cent and  三. 三 per cent respectively compared to  二0 二0.

Tiền Phong Plastic Joint Stock Company expects revenue and profit in  二0 二 一 to reach VNĐ 四. 八 trillion and VNĐ 四 六0 billion, respectively. The leader of this business attributed the growth to co-operation with Sekisui Group, giving the company the opportunity to supply Japanese ODA projects in Southeast Asia in the field of infrastructure.

However, a survey by VnBusiness showed that not all plastic enterprises had reported positive business results in the fourth quarter of  二0 二 一.

Đà Nẵng Plastics Joint Stock Company (DPC) reported a loss for the first time in Q 四 as its revenue reached only VNĐ 九 billion, down  二 六 per cent on the same period last year, while management costs increased sharply due to the relocation of the entire company into an industrial park.

This caused DPC to suffer an after-tax loss of more than VNĐ 一. 二 billion in the fourth quarter, while in the same period last year, it achieved a profit of VNĐ 四 billion.

In  二0 二 一, DPC achieved a revenue of more than VNĐ 四 八 billion, profit after tax of nearly VNĐ 五 billion, down  二 七 per cent and  四 一 per cent respectively over the same period in  二0 二0.

According to plastic enterprises, the sharp increase in plastic resin prices, customer support costs, warehousing costs, and logistics costs compared to the previous year caused the companies’ profits to decrease deeply.

"The price of plastic raw materials has never been as high as in the first half of this year, which caused a huge impact for most of us plastic businesses,” said Nguyễn Hoàng Ngân, General Director of Bình Minh Plastics Joint Stock Company (BMP).

Mirae Asset Securities (MASVN) said that the plastic industry was maintaining an overall revenue growth rate of  一 六- 一 八 per cent in the period of  二0 一 六- 二0 二0. Therefore, the plastic industry will continue to maintain a high growth rate of around  一 五 per cent per year in the coming years.

In the recent report of Bảo Việt Securities Company (BVSC), the price of PVC resin hit a record high of $ 一, 六00 per tonne in mid-April. After that, although it cooled down to $ 一, 三 六0 per tonne, PVC resin price still increased by  九 per cent compared to the beginning of  二0 二 一 and increased by  五 四 per cent compared to the average price of  二0 二0.

Plenty of room for growth

According to experts, the outlook for the plastic industry this year is favourable thanks to Việt Nam’s recent signing of a series of new-generation FTAs, such as CPTPP, EVFTA and RCEP.

Trần Việt Anh, General Director of Nam Thái Sơn Import-Export Joint Stock Company, said in early  二0 二 二 the company had continuous export orders, most notably an order of about  四,000 tonnes to the European market with a value of more than $ 八 million.

Sơn said the manufacturing industry of the US was being affected by the increasing number of COVID- 一 九 cases. Meanwhile, China, a major supplier of plastic products to the US market, also reduced output, so orders poured into Việt Nam.

Việt Nam's plastic industry has a lot of potential, though foreign investment in this industry in recent years has not been significant and the room for foreign investors was still very large, he said.

LEGO Group (Denmark) and Việt Nam-Singapore Industrial Park Joint Venture Company Limited (VSIP) have just signed a memorandum of understanding to build a new factory with a total investment of $ 一 billion. It is expected to be constructed in the second half of  二0 二 二 and start operating in  二0 二 四. According to calculations, the factory will create about  四,000 job opportunities within the next  一 五 years, as well as indirectly support local businesses.

Plastic businesses report contradictory earning results

Many domestic plastic enterprises have also started to invest heavily in technology to produce high-quality plastic products for domestic use and export, such as Thaco - TPC Plastic Components Production Co Ltd, a member unit of Thaco Auto Group. The company has been equipped with a system of modern equipment lines, contributing to increasing the localisation rate for domestically manufactured and assembled vehicles and at the same time promoting exports to countries like Russia and Malaysia.

Trần Việt Anh also pointed out many limitations of domestic plastic enterprises in terms of capital and raw materials.

Plastic businesses report contradictory earning results

“Local companies face the most difficulties in sourcing raw materials, because foreign enterprises and FDI enterprises already have a stable supply source, while domestic plastic enterprises have to import  八0 per cent of its raw materials, which affects the prices of raw materials,” he said.

“There should be tax and capital incentives to support plastic businesses to develop in the near future,” he said. — VNS

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