The project will serve the energy demand of residents and businesses of Ho Chi Minh City and its surrounding areas.

Further monetary and fiscal support in the second half of this year could push growth closer to the government’s target of 4-5%.

As a production hubs of world major tech firms such as Samsung, Vietnam is capable of manufacturing sophisticated products with high technological content, said an expert.

Standard Chartered economists expect the State Bank of Vietnam (SBV) to keep the policy rate on hold at 4.0% in 2022 to support economic growth and businesses, despite rising inflation.

Check out the latest news about Vietnam for today.