- CSV is a leading producer of chlor-alkali chemicals in Vietnam and the largest commercial producer in southern Vietnam. It has a domestic chlor-alkali capacity share of 20%, serving demand from the manufacturing sector. 

- We expect H2 2023 earnings to bounce back vs H1 2023 as CSV’s key chemical products have seen higher demand. These key products are caustic soda (NaOH), sulfuric acid (H2SO4) and yellow phosphorus (P4).

- During the last three months, NaOH and H2SO4 prices have rebounded 28% and 100%, respectively. In addition, P4 order sizes from most foreign markets also increased. 

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