The global shortage of natural rubber is driving a significant increase in rubber prices, creating favourable conditions for the Việt Nam Rubber Group.
The Civil Aviation Authority of Việt Nam (CAAV) has urged carriers to increase negotiations for renting aircraft to meet rising travelling demand in the remaining months of this year.
Amid the current difficult context, 46.4 per cent of enterprises called on capital supports such as preferential loans, more convenient and faster loan procedures, and reduced lending interest rates.
The shortage is a result of an engine recall by Pratt & Whitney for their PW1100 engines on Airbus A321Neo aircraft. This global recall has affected around 600-700 engines in operation worldwide, including those used by Vietnamese airlines.
Enterprises are in need of support more than ever. It’s time to introduce drastic solutions to nurture their confidence and improve their capacity, as well as the entire economy.
The ministry, this year, will be focusing on maintaining minimum trade reserves, fulfilling tax obligations, and effectively managing and utilising fuel stabilisation funds.
PM Chinh asked the Vietnam National Coal – Mineral Industries Holding Corporation (TKV) and Dong Bac Corporation to ensure an adequate supply of coal for domestic coal-fired power plants.
The Ministry of Industry and Trade (MoIT) has ordered market surveillance forces to inspect petrol stations that have suspended operations and strictly deal with violations.
The risk of a coal shortage and high input material prices have affected thermal power businesses, while hyower enterprises are expected to benefit from the higher power selling prices compared to last year.
While many exporters and producers had orders for 2022, they are worried about a possible shortage of production materials because of supply disruptions from China.
A HCM City programme to link banks and businesses has seen around VND93 trillion (US$3.97 billion) disbursed so far this year to help revive the economy which was battered for two years by the COVID-19 pandemic.
Energy shortages are a growing concern in northern Viet Nam, especially during the summer months when power consumption spikes. The issue has been exacerbated by rising prices of input materials for power plants due to the Russia-Ukraine conflict.