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The work so far has advanced by 75%, whose elevated section (Nhon – Cau Giay) has been completed by 95%. The Nhon - Hanoi Station metro line is expected to be completed by December 31, 2022, and contractors are requested to halve the construction time of the underground section, originally scheduled for 2027. Prime Minister Pham Minh Chinh and leaders of Hanoi during the visit. Source: VGP Prime Minister Pham Minh Chinh urged to accelerate the metro line construction during a site visit today [August 7]. The Nhon – Hanoi station metro project with financial backing from the French Government, the French Development Agency (AFD), and the European Investment Bank (EIB) has a total length of 12.5 kilometers, running through eight elevated and four underground stations. Prime Minister Chinh and delegations on board a train. A report from the Hanoi Project Management Board of Urban Railway noted the metro line project was launched in … [Read more...] about PM expects Nhon – Hanoi station metro line to be completed by late 2022

The meeting aimed to seek ways to resolve challenges hampering the progress of one of the most critical infrastructure projects in Hanoi. Construction of the rail way started in 2008 and was initially planned to finish in 2015. The double-track railway is 12.5km long, with the elevated sections spanning 8.5km and the remaining 4km underground. Only 75% of the work has been completed, with investment doubling to more than 34 trillion VND (over 1.45 billion USD). The Hanoi People’s Committee, consultants and contractors are held responsible for the project’s extended delays, PM Chinh said, adding that there has been a lack of coordination between the municipal People’s Committee and concerned ministries and units. The deadline for the underground parts must be shortened, probably by half of the proposed 2027, and additional funding must not be sourced from ODA but the State budget instead, he ordered. The PM later assigned Standing Deputy PM Pham Binh Minh as head of a working … [Read more...] about PM Pham Minh Chinh checks progress of Nhon-Hanoi Station urban railway

As Vietnam steps into the post-pandemic era, experiences and learnings from the pandemic serve as a reminder of the importance of digital transformation and its crucial technology component. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam Despite COVID-19’s negative economic and social impact, Vietnam remains an attractive destination to European investors. According to the European Chamber of Commerce (EuroCham) 2021 White Book, Vietnam’s stable macro-economic climate, with inflation in the single digits, continues to increase investor confidence in the country’s trade and investment environment. Only adding to that, the EU-Vietnam Free Trade Agreement (EVFTA) is paving the way for continued foreign direct investment (FDI) from the EU and is viewed as a means for shared recovery and economic rebound. As the first comprehensive FTA between the EU and a developing country in … [Read more...] about EVFTA underpinning growth in Vietnamese tech market