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July 1, 2022

Rising costs cast doubt on Vietnamese wood companies growth prospects

Rising costs cast doubt on Vietnamese wood companies growth prospects
As wood export turnover is rebounding with rising demand in the domestic market, the revenues of Vietnamese wood enterprises are expected to advance.    However, skyrocketing prices of raw materials and logistics costs will weigh on these companies’ gross profit margin in 2022.    VNDIRECT Securities Corporation (VNDIRECT) estimated that the total revenue of listed Vietnamese wood and wood products companies in the first quarter (Q1) of 2022 rose by 10.2 per cent year-on-year thanks to the recovery of wood producers in the south.    After the social ...

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