• Input cost rise makes export growth unprofitable

      01/01/1900

    Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits.

    Exporters worry that the development is
    expected to continue in 2012, alongside a narrowing of markets for some
    export products brought about by the continuing global economic
    recession.

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  • Dong depreciates again, put under hard pressure

      01/01/1900
    VietNamNet Bridge – The 13th adjustment in October of the dong/dollar
    exchange rate made by the State Bank of Vietnam has made the dong lose 0.73
    percent of its value since the beginning of October.
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  • ExxonMobil says finds hydrocarbons off Vietnam

      01/01/1900

    US oil giant Exxon Mobil Corp discovered
    hydrocarbons in August off the coast of Da Nang, in central Vietnam,
    the company said on Thursday.


    The Financial Times had reported that
    ExxonMobil has made a potentially significant gas discovery off the
    coast of central Vietnam.

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  • Germany’s Wacker Q3 net profit falls 19.8% on weak margins

      01/01/1900
    LONDON (ICIS)--Wacker Chemie's
    third-quarter net profit fell 19.8% year on year to €124.9m ($178.4m),
    partly because of spikes in raw materials costs which offset higher
    sales, the Germany-based chemical producer said on Friday  
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  • INEOS Q3 EBITDA down 20% to €371m on soft demand, refining disposal

      01/01/1900
    LONDON (ICIS)--INEOS’s third-quarter earnings
    before interest, tax, depreciation and amortisation (EBITDA) fell 20%
    year on year to €371m ($515m), partly because of a softening in demand
    from the weakening economy, the Swiss-headquartered company said on
    Monday.  
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