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13/04/2021 13:38 GMT+7
Vietnam gas consumption to double in next 10 years: Fitch Solutions
Gas demand is expected to rise from about 9.7 billion cubic meters (bcm) in 2020 to above 25.3bcm in 2030, while influx of LNG helps to counter the decline in domestic production.
Vietnam’s gas consumption is predicted to accelerate strongly over the coming decade, more than doubling, over the duration of the upcoming Power Development Plan VIII (PDP VIII) [2021-2030].
“The potential of the Vietnamese gas market is strong,” stated the Fitch Solutions in a note, saying in comparison to markets similar in terms the size of the consumer market as measured by population, Vietnam appears undersupplied in gas both in terms of absolute consumption volume and per
The fibre production line of the Phu Tho Textile Co. Ltd (Photo: VNA)
Hanoi (VNA) – Vietnam’s growth
prospects will depend on how well and how quickly the authorities will bring
the new coronavirus outbreak under control and how quickly international and
national vaccinations will proceed, according to the World Bank (WB).
In its
Vietnam Macro Monitoring report issued
earlier this month, the WB said January’s
industrial production index jumped by
24.5 percent year on year, the highest growth rate since the beginning of 2019.
Merchandise exports and imports respectively grew 51.8 percent and 41.8 percent
from the same period last year.
The preliminary January goods trade surplus is
Harvesting cabbages in Kinh Mon town, Hai Duong province (Photo: nld.com.vn)
Hanoi (VNS/VNA) - The Ministry of Industry and Trade (MoIT) is
working to connect enterprises and localities facing COVID-19 outbreaks to
ensure goods are consumed, especially agricultural produce in virus-hit areas.
After Hai Duong applied social distancing across the province from February 16,
the ministry worked with major distribution systems in the north such as
Central Group (
Big C and Go! supermarket chains), Vincommerce (Vinmart and
Vinmart chains), BRG Retail (BRG Mart supermarket chain), and MM Mega Market
chain to purchase agricultural products from farmers, co-operatives and
The Export-Import Bank of the Republic of Korea (KEXIM) has asked Ho Chi Minh City’s authorities for permission to conduct an investment study for Phase 2 of Metro Line No. 5, set to be carried out in the public-private partnership (PPP) format.