The number of passengers sharply dropped in 2020 because of Covid-19 and severe flooding in the central region. Service quality was also affected by the VND7trn (USD302m) infrastructure repair and upgrade project. The trains had to run very slowly in 50 locations. Sometimes railway sections were blocked. The number of passengers dropped by 52.5% compared to the previous year while the revenue from passenger transportation decreased by 51.7%. Many train services were temporarily suspended. … [Read more...] about Vietnam Railways Corporation predict huge loss amid Covid-19
Corporate tax rate
Pig farm fuss highlights foul plight
“Although there are numerous regulations on the standards of such farms’ waste treatment system in Vietnam, promoting large-scale or high-tech breeding, environmental pollution troubles in husbandry are still rampant. Around 90 per cent of farms have waste treatment systems, but most of them are only biogas and not all wastewater and emissions are recycled and reused effectively,” industry expert Nguyen Xuan Vien said. … [Read more...] about Pig farm fuss highlights foul plight
Work starts on FLC Quang Binh Beach and Golf Resort
Quang Binh (VNA) – Work started on a five-star hotel complex and an international convention centre, two key components of the FLC Quang Binh Beach and Golf Resort (FLC Quang Binh), in Quang Ninh district, the central province of Quang Binh, on January 17. The 500-room FLC Grand Hotel consists of two buildings, offering first-class facilities, such as an infinity pool, international-standard restaurants, a sky bar and cigar lounge, and an outdoor stage, said Vice Chairwoman of FLC Group Huong Tran Kieu Dung at the ground-breaking ceremony. The FLC Quang Binh International Convention Centre, meanwhile, is expected to become the province’s leading multifunctional conference centre with a hall providing nearly 1,200 seats. The 2,000-ha FLC Quang Binh has a total investment of 20 trillion VND (864.1 million USD). It will run the length of the province’s 5-km beach and own a six-star villa resort complex and high-class golf courses. Quang Binh is dubbed the "Kingdom of … [Read more...] about Work starts on FLC Quang Binh Beach and Golf Resort
After 11 weeks of gains, analysts cautious about market prospects
"The VN-Index will continue to struggle while trying to test the resistance zone of 1,200-1,220 points. The benchmark is receiving support from the 1,175-1,180 points zone. If we lose this support zone, the market's risk of adjustment is higher in the short-term," said Tran Xuan Bach, a stock analyst at Bao Viet Securities Co. … [Read more...] about After 11 weeks of gains, analysts cautious about market prospects
PV GAS inaugurates schools in Kon Tum
On behalf of the teachers and students of the two schools, Hoang Ngoc Dang, headmaster of Mang Den Secondary School thanked PV GAS for supporting the construction of these schools in particular and the disadvantaged and remote district of Kon Plong in general. He promised to bring into full play PV GAS-sponsored facilities and equipment. … [Read more...] about PV GAS inaugurates schools in Kon Tum