HÀ NỘI Enterprises in the shipping industry reported disappointing third-quarter business results with several companies facing losses. Việt Nam Sea Shipping Joint Stock Company (VOS) recently disclosed its business results with a substantial loss, reflecting the challenging conditions prevailing in the shipping market. This is in stark contrast to the profit of nearly VNĐ152 billion recorded during the same period last year. With no recorded revenue during this period, the company solely incurred business management costs, resulting in an after-tax loss of nearly VNĐ1.7 billion. Significantly, after four consecutive months of growth, exports exhibited signs of decline in September, dropping by 4.1 per cent compared to August.

Source: Viet Nam News November 21, 2023 06:17 UTC