Outlook bright for many Vietnam industries in second half of year

Dairy products on shelves at a supermarket. Dairy producers are expected to post positive performances during the rest of 2022. - sggp.org.vn

HANOI (Vietnam News/Asia News Network): Businesses with good profit growth in the first six months are expected to decline in the rest of the year, whereas the group of businesses that saw sharp dip in profits in the second quarter will have the opportunity to recover and accelerate, according to experts.

In the report for the second half of the year, FiinGroup assessed that the real estate and basic resources industries are the main cause of the decrease in profit after tax growth rate due to unfavourable business activities, amid regulators are trying to tighten policies to control corporate bond issuance and lending (for residential real estate) and rising raw material prices as well as falling demand (for steel).