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Good day is over for the properties industry. Too expensive and high inflation. SME cannot cope with e-invoice and minimum wage. All profits go to comply with government policies
Last year TOYO Ink was able to secure US$980m financing for the project but must get Vietnam government approval. However this didn't go through probably the problem with the Vietnam government or there's so many untold stories.
Imagine can get 30% of financing last year also rejected by Vietnam. Probably Vietnam wants full 100% financing backing before allowing TOYO Ink to continue the project.