Hanoi increases supply of essential goods for Tet
Local businesses increasing supply by 5-20%.
Ministry seeks measures to ensure affordable goods and sufficient supply for Tet
Ministry of Industry and Trade issues dispatch requiring measures to stabilize the market for the upcoming Tet holiday.
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No shortage of petroleum supply
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.
Savills: Hanoi apartment market flourishing
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.
Oil prices shaped by many factors
Prices of oil, gas, and related products in Vietnam are influenced by both domestic and external conditions.
Labor market developing unevenly
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.
Construction steel prices continue to tumble
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.
Binh Dinh to hold events promoting Vietnamese goods
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.
PM asks that electricity supply be guaranteed
Electricity supply and demand was out of balance in some areas during 2021. The Prime Minister has requested that the Ministry of Industry and Trade coordinate with relevant ministries and agencies to identify solutions to ensure national energy security and electricity supply during 2022 and the years to come.
Surplus of agricultural products in southern region
The Ministry of Agriculture and Rural Development has said that food supplies are relatively abundant in Vietnam’s south but consumption has fallen due to social distancing measures being introduced, with some agricultural products now exceeding demand.