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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 capita. The domestic gas network is also found deficient with Vietnam ranking 15th out of 17 Asia-Pacific gas markets as per the CIA Factbook in terms of total gas pipeline length, despite having historically been self-sufficient in gas. The … [Read more...] about VIETNAM BUSINESS NEWS APRIL 13

Do Van Chien named President of VFF Central Committee Do Van Chien, President of the VFF Central Committee for the ninth tenure, speaks at the meeting in Hanoi on April 12 Do Van Chien, Secretary of the Party Central Committee and Secretary of the Party Delegation of the Vietnam Fatherland Front (VFF), has been assigned as President of the VFF Central Committee for the ninth tenure (2019-2024). The VFF Central Committee held a meeting in Hanoi on April 12 to discuss the appointment of its President and additional members to its Presidium. All in attendance agreed to assign Chien as a member of the VFF Central Committee and its Presidium, and President of the VFF Central Committee for the ninth tenure. His predecessor, Politburo member Tran Thanh Man, was recently elected Vice Chairman of the 14th National Assembly (NA). In his inauguration address, Chien said the VFF should push ahead with performing its duties in the election of deputies to the 15th NA and all-level … [Read more...] about VIETNAM NEWS HEADLINES APRIL 13

Fashion retailers like H&M have suffered from negative comments, photo Le Toan As a consequence of integrating the “nine-dash line” map into online shopping websites in the Chinese market, a great number of local young people have called for a boycott on the Swedish fashion brand, causing a week-long desert atmosphere to drift over most of its outlets in Vietnam. Xuan Huong, a 22-year-old student based in Hanoi, said that as soon as the case flared up, she became no longer interested in shopping with H&M. “I was very disappointed,” Huong stressed. “I used to be a fan of the brand because of the reasonable prices and eye-catching designs of most items. But from now, I may never purchase anything from H&M due to its disrespect to Vietnamese consumers who they have earned from for more than three years.” Dung Thang, a 25-year-old officer in the capital’s Ba Dinh district said, “Before this incident I had no intentions to buy any items from H&M because their … [Read more...] about H&M fighting to save fanbase after social media backlash

Cambodia was suffering a significant surge in Covid-19 community transmissions. On Tuesday, the country reported 181 new infections. Three days earlier, there were more than 1,000 cases. Tran Dac Phu, senior advisor to the Health Ministry's public health emergency operations center, told VnExpress Tuesday that "the border between Vietnam and Cambodia is really long, not to mention the sea and air routes. It should be noted that controlling travel by sea is truly difficult." Many Vietnamese people stay and do business in Cambodia and the number of people traveling back and forth, both legally and illegally, is high, he said. "The infection risk is high and it is essential that we tighten control over border gates and all small paths that people use to enter Vietnam. It is possible that community outbreaks could re-emerge in the country if someone sneaks in illegally with the virus," he said. The World Health Organization (WHO) in Cambodia has recently warned of the risk … [Read more...] about New Cambodian Covid-19 outbreak puts Vietnam at high risk

Illustrative photo This figure shows that if the City's economy was to stop for just one day, the loss would be phenomenal, and the consequences felt across society, with the economy taking an even more severe and drastic hit. Pandemic still unrelenting Exactly a year ago, at the beginning of April 2020, more than 97 million Vietnamese people implemented Directive 16 of the Prime Minister. Specifically, social distancing was conducted for fifteen days to fight and contain the Covid-19 pandemic. A week earlier, on 27 March, as per Directive 15, the Government expressed an extremely important anti-pandemic viewpoint which stated that we must be prepared to face economic losses to prevent the pandemic from spreading, as protecting lives was a far more important prerogative of the Government. At that time, the choice between protecting the health of people or saving the economy was a difficult choice for most countries in the world, when the outbreak of the Covid-19 pandemic … [Read more...] about Ho Chi Minh City targets phenomenal growth