Vietnam grapples with shrinking exports, power crunch
The Vietnamese economy is facing multiple headwinds, including shrinking exports and frequent blackouts, raising concerns over the outlook for Southeast Asia's rising manufacturing hub.
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It would be challenging for Vietnam to increase exports this year and will also have an impact on state budget receipts as a result of a persistent slowdown in global demand.
Vietnam is drawing attention as an investment destination for global semiconductor companies while electronics makers continue to set up shop in the Southeast Asia country.
Vietnam’s MOIT has proposed to allow state utility Vietnam Electricity (EVN) to take over the management of two major gas-fired power plants in southern Vietnam after their build-operate-transfer (BOT) contracts expire.
The Vietnamese economy is facing multiple headwinds, including shrinking exports and frequent blackouts, raising concerns over the outlook for Southeast Asia's rising manufacturing hub.
Since the beginning of May, when the first shipment of Ri6 durian from Vietnam was formally sold to the UK, TT Meridian has been importing 3–4 tonnes of this exotic fruit weekly.
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