Amid an average 14.4 percent growth rate of listed companies, many enterprises have reported unsatisfactory business results, including strong brands with a long business history. The profits mostly came from the sale of old cars.Caosumina (CSM), considered Number 1 in the tyre industry, has also shown signs of a slowdown. Though it had to spend more on sales activities, the results remain unsatisfactory.Lix the detergent brand has reported a 18.5 percent profit drop, though revenue rose by 8 percent. The gross margin decrease was blamed on competition from Unilever and P&G.Habeco, in the southern beer market, still gained a 4.6 percent growth rate thanks to higher demand. The higher input material price has caused the cost price to increase by 17 percent.

Source: VietNamNet News August 18, 2017 09:11 UTC