67 bus route

Under the ministry’s instruction, the people’s committees of Hanoi and HCM City need to ask Vingroup to set out pilot runs, including technical safety and environmental standards. Earlier, Vingroup proposed a plan to open 10 electric bus routes with a total of 150-200 buses in Hanoi and five routes of the same kind in HCM City. In May, VinGroup set up the VinBus subsidiary specialising in transport services. VinBus is scheduled to provide its public transport services in five major cities of Vietnam, including Hanoi, Haiphong, Danang, Ho Chi Minh City and Can Tho. … [Read more...] about Transport ministry agrees electric bus operation in Hanoi, HCM City

According to the Vietnam National Administration of Tourism, as of December last year, the pandemic had sent the number of foreign tourists to Vietnam down nearly 80% to 3.7 million. Most of them came to the country in the first quarter of 2021. In addition, the number of domestic visitors fell 34.1% to 56 million. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 26

To encourage the development of specialised ships, he said the ministry had requested enterprises to build or buy ships to replace foreign-nationality vessels, because Viet Nam would only license foreign-nationality ships until the end of 2023 to operate on domestic routes. … [Read more...] about Shipping industry needs State support to develop: ministry

Steel manufacturing was a growth driver, the group said, adding that crude steel output doubled 2019's figure to 5.8 million tonnes, including 5.1 million tonnes of steel billet and finished construction steel and nearly 700,000 tonnes of hot rolled steel. Some 3.4 million tonnes of finished construction steel were produced, up 22.5 per cent against 2019. … [Read more...] about Hoa Phat Group posts 80 per cent growth in after-tax profit

Therefore, the ministry has proposed the Prime Minister consider and adjust financial mechanisms to support the development of the fleet, including loans with preferential interest rates. Investment in a fleet of ships requires huge and long-term capital, while local enterprises are unlikely to be able to invest in high-quality fleets, according to Deputy Minister of Transport Nguyễn Nhật. The shipping companies have received very little financial support from the Government in the past few years to carry out fleet development. Interest rates on bank loans in Việt Nam are from 8-10 per cent per year, higher than interest rates in other countries such as Japan (1-2 per cent), Singapore (3 per cent) and China (4.5 per cent). At the same time, when registering a ship to fly the Vietnamese flag, the enterprise must carry out procedures on importing ships and have to pay taxes and fees such as registration fee, value-added tax and import tax on ships. Some ship owners … [Read more...] about Shipping industry needs State support to develop: ministry