The money market is seeing the first signs of loosening though the State Bank of Việt Nam has yet to make a decision on reducing benchmark interest rates.
The move is part of the city’s plan to encourage people to switch to public vehicles to ease traffic congestion and improve air quality.
Along with its rapid economic growth, Việt Nam’s electricity demand is also increasing strongly, at around 10 per cent a year, causing huge pressure on the energy sector, according to the Ministry of Industry and Trade.
Việt Nam and India can co-operate in areas of strength such as agriculture, textiles, footwear, renewable energy, and pharmaceuticals, according to the Ministry of Industry and Trade.
It is necessary to promote close co-operation between research institutions, schools and enterprises to foster skilled human resources for the renewable energy sector, the director of HCM City National University-HCM City has said.