Steel producers continued to post great results in the second quarter of this year, supported by high steel prices.
A 150 percent hike in rubber prices has sharply increased profits for the sector and pulled many companies out of the red.
The consumer price index (CPI) increased by 1.64 per cent in the January to July period, the lowest rate since 2016, with lower food and electricity prices after Government efforts to stabilise prices and support virus-hit citizens and enterprises in the pandemic, according to the General Statistics Office (GSO).
The official Cambodian consumer price index (CPI) remained at relatively low levels in the first half of 2021, which the government and economic observers insist is still manageable and expected to accelerate later in the year on the back of rising global oil prices.
Many Vietnamese rubber companies recorded outstanding growth in revenue and profit in the second quarter due to higher rubber prices. Analysts expect that rubber prices will remain high through 2021 on strong demand and tight supplies.
Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.
The price of red corn in Battambang province – one of the Kingdom’s largest producers – has increased significantly at the beginning of the harvest season, but formal exports are likely to fall slightly year-on-year, according to the top provincial commerce official.
To ensure the supply, the city has allowed the operation of delivery services but banned freelance shippers.
The domestic property market has continued to show steady increases in the second quarter of this year.
Supply of consumer goods in HCM City has been relatively steady, but the prices of some items have shot up and businesses taking part in the city’s price stabilisation programme are suffering big losses since they sell at fixed prices, according to the Department of Industry and Trade.