Tag: demand

Standfirst: Vietnam’s target of having 10,000 engineers and graduates in the semiconductor industry by 2040 demonstrates the government’s commitment but also presents a major challenge that requires urgent and decisive action.

The Binh Son Refining and Petrochemical Joint Stock Company (BSR), which is responsible for receiving, managing, and operating the Dung Quat Oil Refinery Plan, has said that the refinery’s capacity has increased to 109 per cent to meet shortages in the petroleum market.

The Vietnam Steel Association (VSA) has reported that steel production and consumption in the first nine months of this year continued to decline, by 5.8 per cent and 1.6 per cent, respectively, over the same period of 2021. The steel sector is forecast to recover in the fourth quarter of this year, which is when steel demand usually increases as construction projects pick up the pace.

Evaluating the draft national airport planning, analysts believe there have been miscalculations on passenger forecasts in localities. The evaluation criteria and scoring scale both lack basis, leading to airport rankings exhibiting shortcomings.

According to Batdongsan.com.vn, demand to buy all types of real estate fell sharply in September, with the number of searches for land plots nationwide down by 50 per cent compared to March, apartments by 9 per cent, private houses by 25 per cent, and villas by 12 per cent. The market will continue to face many challenges. Prices are forecast to remain unchanged, while developers will boost sales policies to support and attract buyers.

After 15 consecutive price cuts, the construction steel price rose VND50-810 ($0.002-0.034) per kilo from August 31. The Tuyen Quang Iron and Steel Company (TQIS) posted the highest increase. According to Rong Viet Securities (VDSC), demand for construction steel will recover further and steel prices will increase in the future.

In assessing the potential of Vietnam’s aviation industry in the second half of 2022, analysts believe its profit growth will be higher than in the first half, based on three main factors: domestic travel is tending towards strong recovery, international visitors are expected to gradually increase in number by the end of the year, and rising demand will help airlines manage fuel costs.

According to real estate website Batdongsan.com.vn, while demand for real estate has shown signs of a sharp decline in recent times, sales prices of all types have increased. This apparent contradiction is harmful to society and the economy over the long term, it said. Project development costs have escalated due to rising prices of materials along with higher costs incurred from lengthy procedures, forcing many investors to recalculate opening prices. This results in a shortage of affordable products in the market.

South-central Binh Dinh province, in cooperation with the Ministry of Industry and Trade, will organize a series of events on June 24 and 25 connecting the supply and demand of Vietnamese goods for businesses in central and south-central provinces. The highlight will be an exhibition of agricultural products, One Commune, One Product (OCOP) goods, and typical products from cities and provinces at 400 booths.

According to Batdongsan.com.vn, the number of real estate listings nationwide increased 14 per cent in May but the level of interest was down 11 per cent compared to the same period last year. Both interest in and sales of landed housing have showed signs of slowing, while the rental segment has seen figures rise.

Increasing demand for logistics services caused by a number of factors locally and around the world.

In order to have sufficient workers for the peak period from now to the end of the year, many businesses have introduced preferential policies and are even willing to pay higher wages or recruit unskilled workers with no experience. Information technology companies and banks continue to lead in recruitment demand.

Half of all real estate businesses and contractors affected by Covid-19 have been able to return to regular operations, while about 30 per cent of service businesses and real estate brokers have not been able to return to operations.

Twenty-six per cent of Vietnamese consumers took out insurance policies during the fourth wave of Covid-19, according to a YouGov survey. This presents major opportunities for insurance companies in the country.

Demand for motor cars in Vietnam fell 32 per cent in July compared to June. This is the fourth consecutive month sales have declined, in both imported and locally-assembled vehicles. It is forecast that demand may fall even further in the time to come.