The Southeast Asian nation charts a meticulous course to enhance its strategic stockpiles and logistical networks for petroleum products and natural gas, aiming to fortify energy security amid fluctuating global dynamics.
The Ministry of Industry and Trade rapidly revises its 2024 electricity supply plan as a strong economic upswing and heatwaves drive a spike in power consumption.
Minister of Industry and Trade Nguyen Hong Dien has said that under the plan, 34 petroleum wholesalers are to import 500,000 cubic meters in October. At the end of September and in mid-October there were more than 3 million cubic meters on hand, with November imports to meet supply until the middle of the month. There is clearly no shortage, but sales are difficult.
A Savills Q3 2022 real estate market report shows that new supply of apartments for sale in Hanoi rose 235 per cent quarter-on-quarter and 69 per cent year-on-year. In addition to improved supply, apartment transactions also grew positively, reaching 3,605, up 61 per cent quarter-on-quarter and 49 per cent year-on-year. Class B apartment transactions accounted for 64 per cent.
According to Minister of Labor, Invalids and Social Affairs Dao Ngoc Dung, Vietnam’s labor market is experiencing a partial imbalance in supply and demand as well as uneven development due to an excess of under-qualified and low-skilled workers and a shortage of high-quality human resources. If the latter is not improved, Vietnam will gradually lose its appeal among foreign investors.
The domestic construction steel price has continued to head downwards. After the latest and 13th decline, the price now stands at VND14,640 ($0.62) - VND16,240 ($0.69) per kilo (depending on the brand and type). The reason for the continual decline is the concurrent sharp decline in input material prices and abundant supply and high inventories.
