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Update news price storm
The sharp increases in material prices in H1 and the small support packages to businesses have put pressure on companies.
Minister of Transport Nguyen Van The has issued a document suggesting the Ministry of Finance consider the adjustment of transport fees and charges from now until the end of 2022 due to the fuel price increment and impact of past Covid waves.
Many business fields have been witnessing a rapid recovery after the Covid-19 outbreak. However, difficulties are ahead as they lack capital and petrol prices are escalating.
The Ho Chi Minh City Textile, Embroidery and Knitting Association says that about 60% of raw materials for textile production are imported, and the price of raw materials has increased by 30-50%.