Vietnam Railways Corporation undergoes restructuring

A number of subsidiaries of the Vietnam Railways Corporation are being equitised, including two major companies, Hanoi Railway Passenger Transport and Saigon Railway Passenger Transport.

Vietnam Railways Corporation train

Vietnam Railways Corporation train

The two companies will be renamed Hanoi Railway Transport Company and Saigon Railway Transport Company. Restructuring of these two companies is expected to be complete in 2015.

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Vietnam sees first decrease in gasoline prices this year

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The prices of petroleum products have been cut by VND330-VND350 per litre beginning from July 28.

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Social News 29/7

Khanh Hoa suffers factory pollution Residents in the central coastal province of Khanh Hoa have been suffering from high levels of pollution caused by hundreds of unregistered manufacturers operating in populated areas, according to the Lao Dong … [Continue reading]

Vietnam-Japan agreements running smoothly

President Truong Tan Sang welcomed Chairman of the Budget Committee of the Lower House of Japan Toshihiro Nikai in Hanoi on July 28, saying that agreements reached by the two countries' leaders are being carried out smoothly. Vietnam pledges … [Continue reading]

Cheap Nokia phones still on store shelves

Chi Thinh The retailers confirmed they would continue selling the products normally in the coming time despite rumors that Nokia phones will not be sold on the local market from next month. Microsoft Mobile has also rejected the rumors. In the … [Continue reading]

Timatex takes legal action against city taxman

Hung Le The case attracted the attention of participants at a dialogue between authorities and foreign-invested enterprises in import and export fields in HCMC last week. Nguyen Minh Sang, who represented Timatex to present the case at the … [Continue reading]

Saigontourist golf tourney raises VND900 million

Saigontourist's deputy general director Le Ngoc Co (R) and representatives of the HCMC Sponsoring Association for Poor Patients, Tuoi Tre Newspaper and the People's Committee of Can Gio District Photo: Hung Le

Hung Le At an award dinner at Caravelle Hotel on Saturday evening, Saigontourist's deputy general director Le Ngoc Co handed over VND600 million to the HCMC Sponsoring Association for Poor Patients to support 500 poor and studious students to … [Continue reading]

VND30-trillion urban area to go up at Saigon Newport site

Van Nam High-class villas, schools and a Vinmec international general hospital of the project covering nearly 43 hectares are expected to go into operation next year. The entire complex including the 81-storey Landmark tower will be inaugurated in … [Continue reading]

New FDI approvals down 19%

Hung Le The period saw the registered FDI capital falling for both new and operational projects. The country attracted US$6.85 billion from 889 new projects and US$2.67 billion from 300 operational projects, down 0.9% and 46.3% year on year … [Continue reading]

Ocean Bank, taxi firm join forces for card payment

Representatives of Ocean Bank and Ba Sao Taxi Company shake hands after signing a cooperation agreement last Saturday - Photo: Courtesy of Ocean Bank

Dinh Duy Ocean Bank will provide payment service via the card readers in the taxicabs of Ba Sao Company. The devices accept debit and credit cards of all local issuing institutions. … [Continue reading]