Commodity prices have continually increased in the first quarter of the year. Normally, after the Tet holiday early in the year, purchasing power is weak and businesses cut prices to stimulate demand, but this year prices are increasing due to rising gasoline prices. Businesses are trying to reduce profits and intermediary stages to stabilize sale prices.
Imports of scrap iron and steel reached more than 4.1 million tons in the first seven months of this year, worth nearly $1.8 billion, up 32.5 per cent in volume and 2.2-fold in turnover compared to the same period of 2020.
According to statistics from Ministry of Planning and Investment, in the first 6 months of 2021, FDI into Vietnam, especially newly registered capital and adjusted capital, show positive signs despite the ongoing pandemic.