News

The demand for electricity in the country is forecast to rise by over 10% per year until 2020 and by 8% annually during the 2021-2030 period, according to Phan The Anh, deputy general director of the Southern Affairs Department at the Ministry of Industry and Trade.

Vietnam’s ecommerce growth reached 30% in 2018, but customers have shown less interest in online shopping and payments, ecommerce experts said at the workshop “Vietnam Online Business Forum 2019,” which took place in HCMC on March 28.

When the leaders of Vietjet Air and Bamboo Airways signed contracts worth billions of dollars for aircraft purchase during the recent U.S. President Donald Trump’s visit to Vietnam, many logistics experts expect freighters are among the aircraft ordered. No information is available up to the moment of speaking, but according to sources familiar with the matter, there is no freighter on the list.

Domestic stock prices are expected to be stable this week as investors may continue staying on the sidelines given global market uncertainties, according to securities firms.

Ho Chi Minh City recorded a gross regional domestic product (GRDP) growth rate of 7.64 percent in the first quarter of 2019, equivalent to the pace during same period last year.

The office market in Hanoi was expected to face a shortage of supply with competition between offices for lease and co-working spaces likely to rise in the future, but was performing well at present, according to experts.

Deputy Prime Minister Vuong Dinh Hue welcomed Japanese-based J Trust Corp’s aspiration to involve in the restructuring of Vietnam Construction Bank (CBBank) during a reception in Hanoi on March 29 for its Senior Managing Director Nobiru Adachi.

The Electricity Vietnam’s Central Power Corporation (EVNCPC) has announced that it plans to invest over 7.3 trillion VND (317 million USD) in a power grid in the central and Central Highland provinces this year.

Hanoi (VNA) - The daily reference exchange rate started the week from April 1 to 5 down 4 VND from the end of last week to 22,976 VND per USD.