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2018-11-28 12:20:00

VIETNAM NEEDS $150 BLN

VIETNAM NEEDS $150 BLN

REUTERS- Power-hungry Vietnam, one of Asia's fastest-growing economies and a production hub for global companies such as Samsung Electronics, needs to raise up to $150 billion by 2030 to develop its energy sector, according to a World Bank official.

Vietnam has been struggling to develop its energy industry due to a lack of state funds. The Southeast Asian country's hydropower potential has almost been fully exploited, oil and gas reserves are running low, and Vietnam recently went from a net exporter to net importer of coal.

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Tags: VIETNAM, ENERGY,

Chronicle:

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