Heating cooling unit cost

Inside a wood production line of Truong Thanh Furniture Corporation. — Photo truongthanh.com As wood export turnover is rebounding with rising demand in the domestic market, the revenues of 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 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 distancing order was lifted, most wood companies in the southern region resumed operations at 90 per cent capacity in the first quarter of 2022, while in the second half of 2021 it was only 60-65 per cent. The export wood enterprises achieved better business results in Q1 of 2022. Specifically, Truong Thanh Furniture Corporation (HoSE: TTF) and Phu Tai JSC (HoSE: PTB) … [Read more...] about Rising costs cast doubt on wood companies growth prospects

Minister of Natural Resources and Environment Trần Hồng Hà gives a speech at the conference. — VNA/VNS Photo Tuấn Anh HÀ NỘI — The Ministry of Natural Resources and Environment on Tuesday chaired a conference to discuss a national action plan for Việt Nam's circular economy. Speaking at the conference, Minister of Natural Resources and Environment Trần Hồng Hà said that climate change, environmental pollution and natural ecosystem decline were crises for humanity today. Last month, the World Meteorological Organisation released four key indicators of climate change, including greenhouse gas concentrations, sea level rise, ocean heat and ocean acidification. The indicators set new records in 2021, showing that human activities are causing planetary-scale changes on land, in the oceans, and in the atmosphere, with serious and lasting consequences for sustainable development and ecosystems. “This is the consequence of the unsustainable model: resource extraction - production - … [Read more...] about National action plan for circular economy to be set up

"After the price rise, I went to convenience stores instead, where I thought the prices were reasonable while food also tasted good," the 62-year-old said. "So now I go there two to three times a week." Global food prices surged 23 percent last month from a year before, according to an agricultural arm of the United Nations. The war in Ukraine has impacted supplies of grains from there and Russia, and caused energy and fertiliser prices to soar. Offering cheap instant noodles, sandwiches and "gimbap" (rice rolls) for under $5, convenience stores are gaining in popularity as salaried workers like Park seek ways to cut costs. South Korean convenience shop chain GS25 posted more than 30 percent increases in sales of instant meals in January-May versus a year ago. Seeing increasing demand, GS25 has also launched a new meal subscription service for office workers, which comes with price discounts and deliveries directly to offices. Peers including CU and 7-Eleven have seen similar … [Read more...] about S.Korean office workers hit convenience stores as ‘lunch-flation’ bites

The project with a five-year construction period would be seen as gauge of the city's leadership and credibility. Hanoi identifies the success of the US$3.7-billion Ring road No.4 project as the pride of the city, which requires the utmost effort from every department and unit to ensure the best head start possible. Secretary of the Hanoi Party Committee Dinh Tien Dung. Photos: Thanh Hai Hanoi Party Committee Secretary Dinh Tien Dung gave the remarks at a meeting discussing the construction of the Ring road No.4 project connecting Hanoi and nearby provinces/cities. The project with an estimated investment capital of VND85.8 trillion (US$3.7 billion) received a go-ahead from the National Assembly last week and is slated for completion by 2027. With a total length of 112.8 kilometers, the Ring road would run through Hanoi (58.2 kilometers), Hung Yen (19.3 kilometers), and Bac Ninh (25.6 kilometers). At the meeting, delegates stressed the significance of … [Read more...] about Success of US$3.7-billion ring road project is Hanoi’s pride: City Party chief

Illustrative image. (Photo: SGGP) The People's Committee of HCMC said that the disbursement rate of the Public Investment Plan in 2022 is not much compared to previous years due to many difficulties and obstacles, but mainly the impact of the Covid-19 pandemic in 2021. The restart of the construction of projects in the first months of 2022 experienced a certain delay after the time the city adopted measures to respond to the Covid-19 pandemic. In addition, input costs were unstable and tended to increase. Besides the above objective reasons, the People's Committee of HCMC also raised some other subjective reasons affecting the disbursement progress of public investment capital, for example, difficulties related to site clearance; it is necessary to have time to carry out the project adjustment procedures on the basis of Resolution No.99/NQ-HDND dated October 19, 2021, of the People's Council of HCMC and Decision No.4354/QD-UBND dated December 28, 2021, on the medium-term capital … [Read more...] about HCMC disburses only 17 percent of public investment capital in first six months

Tibor Novak, director of Gedeon Richter, talks to Vietnamese National Assembly Chairman Vuong Dinh Hue. — VNA/VNS Photo Doan Tan As part of his official visit to Hungary, National Assembly (NA) Chairman Vuong Dinh Hue met with entrepreneurs with business operations in Viet Nam on Tuesday. During talks with the heads of multinational companies Gedeon Richter and Egis, the NA Chairman said that pharmaceuticals had great potential for cooperation in Viet Nam with multiple preferential policies. Specialising in biotechnology and pharmaceuticals, Gedeon Richter’s products entered the Vietnamese market in 1954 and officially established a representative office in 1995. Egis set up an office in Viet Nam in 2000 and is planning to expand its local operation by upscaling this establishment to be the representative office for ASEAN. NA Chairman Vuong Dinh Hue (centre) meets with the leaders of Egis Pharmaceuticals. — VNA/VNS Photo Doan Tan Taking into consideration the … [Read more...] about NA Chairman meets Hungarian entrepreneurs during official visit