Governance to railway investment projects

HCM City had laid out plans for eight major transport infrastructure projects from now to 2025. The list includes the HCM City-Moc Bai Expressway project with an investment of VND16 trillion (USD689.65 million) and VND9.98 trillion Can Gio Bridge. HCM City plans major transport infrastructure projects (photo by VOV) Other projects comprise a VND6.2 trillion inland container depot, the VND5.3 trillion Thu Thiem Bridge 4, the VND1.33 trillion HCM City-Chon Thanh Highway, a VND1.76 trillion road to link Vo Van Kiet Highway to HCM City-Trung Luong Highway. However, funds for the Belt Road 4 project has not yet been disclosed. The Department of Transport has been asked to conduct feasibility studies on all the projects. … [Read more...] about HCM City plans major transport infrastructure projects

Minister of Transport Nguyễn Văn Thể at National Assembly meeting on Tuesday. VNA/VNS Photo HÀ NỘI The trans-Việt Nam 2,744-km-long Hồ Chí Minh Expressway Project was planned to open in 2020 but so far only around 86 per cent of the work has been completed, Minister of Transport Nguyễn Văn Thể told National Assembly deputies on Tuesday. In particular, the Government has yet to arrange investment for about 171km of the expressway, he said. The Hồ Chí Minh Expressway project approved by the National Assembly in 2004 was once expected to be completed in 2010, with a total length of 3,183km, including its main line of 2,499km and a western branch of 684km long. Passing through 28 provinces and cities from Pác Pó in the northern Cao Bằng Province to Đất Mũi in the southernmost province of Cà Mau, the expressway project was estimated to receive a total investment of VNĐ99,170 billion (US$4.3 billion). However, in 2013, the National Assembly passed Resolution 66/2013/QH13 … [Read more...] about Trans-Việt Nam Hồ Chí Minh Expressway project lags two years behind schedule

A section of Ho Chi Minh Road in Binh Phuoc province (Photo: VNA) Hanoi (VNA) – About 86.1 percent of the Ho Chi Minh Road project has been completed, and the Government is working on the remaining sections so as to finish the entire project by 2025, Minister of Transport Nguyen Van The said on May 24. Reporting on the project implementation to the National Assembly (NA), he said under a resolution of the NA, this project, stretching 2,744km in total from Pac Bo in northern Cao Bang province to Dat Mui in the southernmost province of Ca Mau, should have had at least two lanes and been completed by 2020. So far, 2,362km of the road, equivalent to 86.1 percent, along with about 258km of access roads, has been completed. About 211km is current under construction while capital hasn’t been allocated for building the remaining 171km. The said as the project holds great significance in terms of politics, economy, defence - security, and poverty reduction, it has received great … [Read more...] about Government urged to complete Ho Chi Minh Road project by 2025

At the event. (Photo: baophapluat.vn) Binh Dinh (VNA) - Kurz International Holdings GMBH from Germany held a groundbreaking ceremony to build a thin film factory at the Becamex Vietnam-Singapore Industrial Park (VSIP) in the south central province of Binh Dinh on May 24. factory in Binh Dinh province will help strengthen the influence of KURZ Group in Asia, creating conditions for the group to actively participate in the growing market in Southeast Asia, as well as meeting market needs worldwide with high quality products. Binh Dinh with a total investment of more than 13 million USD. investor s, he said./. VNA … [Read more...] about Work begins on 40-million USD thin film project in Binh Dinh province

Con Dao Airport According to the plan, the project will upgrade a runway and taxiway, air traffic management and control works, apron, fuel storage facilities, passenger terminal and auxiliary works. Currently, runway and taxiway upgrade has been implemented on schedule. However, there are no detailed plan for the remaining items of the upgrading project. The CAAV has proposed the Ministry of Transport work with the Commission for the Management of State Capital at Enterprises (CMCS) to approve the investment project as soon as possible, including items such as the passenger terminal, apron and technology infrastructures at the airport. After being upgraded to serve both military and civil purposes, Con Dao Airport will have a capacity of two million passengers and 4,400 tons of cargo per year, and eight parking places. By Minh Anh – Translated by Kim Khanh … [Read more...] about CAAV proposes delay in construction of runway, taxiway at Con Dao Airport

As Việt Nam’s growth momentum faces headwinds, with global recovery slowed by the impacts of the pandemic, inflation pressure and a surge in oil prices, National Assembly Deputy Trần Hoàng Ngân talks to Tuổi Trẻ (Youth) newspaper about the need to have appropriate measures to put inflation under control before it’s too late. You have previously proposed using environmental protection and special consumption taxes to control the increase in gasoline prices, why do you persist with this view? Experiences from economic development in Việt Nam and around the world show that high inflation is very dangerous. Therefore, it is necessary to closely monitor the situation and come up with timely solutions. When high inflation occurs, to control it, banks often raise interest rates, which will turn everything upside down and is a very dangerous move for the economy. Therefore, it is necessary to persist in preventing the problem as soon as symptoms of high inflation show. One of … [Read more...] about Expert gives warnings about high inflation, saying immediate solutions needed

Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on May 24. - Deputy Prime Minister Le Minh Khai on May 23 led a Vietnamese delegation to attend the 52nd World Economic Forum (WEF) annual meeting. He proposed the establishment of a food innovation hub for Southeast Asia in Vietnam when addressing the “Averting a Global Food Crisis” session, a panel discussion with World Food Programme Executive Director David Beasley, UAE Climate and Environment Minister Mariam Mohammed Saeed Al Mheiri, Tanzania’s Vice President Philip Isdor Mpango, and CEO of the Swiss agriculture company Syngenta, J Erik Fyrwald. Read full story - The Ministry of Foreign Affairs and the US Embassy on May 24 co-organised a ceremony to inaugurate the US-Vietnam Cooperation Centre at the Diplomatic Academy of Vietnam (DAV)’s campus in Hanoi. The new centre is an outcome of the partnership between the embassy’s Public Affairs Section and the DAV which … [Read more...] about ☕ Afternoon briefing on May 24

At his meeting with British Cabinet Minister and President for the 26th United Nations Climate Change Conference (COP26) Alok Sharma, Khai said that Vietnam has been implementing many overall and comprehensive measures in the field of energy transition and growth model transformation towards a green and circular direction to realize commitments made at COP26. The official underlined that ensuring energy security for growth and reducing emissions at the same time is a very complicated problem that requires the support of the international community in terms of resources, technology, and governance capacity. Therefore, he said that Vietnam hopes that the U.K., the European Union (E.U.) and other member states of the Group of Seven (G7) will soon make specific commitments to supporting Vietnam in this area. For his part, Sharma held that Vietnam has made a proper decision to announce the net-zero emission commitment at the COP26, lauding Vietnam’s efforts to realize the commitments, … [Read more...] about Deputy PM busy with meetings on threshold of WEF meeting

Tourism is an important contributor for VN's economy. Risk of slow growth Many forecasts released recently believe that Vietnam's economy will recover stronger. The GDP growth rate in the first quarter of the year is estimated at 5.03 percent, inflation is well under control so far, and the Consumer Price Index (CPI) in the first four months of the year has increased by 2.1 percent. However, despite optimism about the prospect of recovery, all forecasts warn that Vietnam needs to be cautious with the risk of slow growth against rising inflation. Asso. Prof. Dr. To Trung Thanh from the National Economics University, said that with the pandemic situation well under control and the economy receiving a boost from the new economic recovery support package, now economic growth can reach a target of 6.5 percent as expected. However, even if the growth rate reaches 6.5 percent, the average growth rate for the period 2020 to 2022 will be only 4 percent, much lower than the average … [Read more...] about Mindset change needed to face rising inflation

Quang Ninh agricultural products are on sale at website dongtrieumart.vn (Photo: baoquangninh.com.vn) Quang Ninh (VNA) – The northern province of Quang Ninh is taking steps to boost high-tech agriculture to cut production costs, increase volumes, and cultivate high-quality farm produce. To realise this goal, farmers are focusing on speeding up the digital transformation, considering it a strategic solution to enhancing the production, quality and competitiveness of agricultural products in domestic and international markets. Dam Ha trade and construction company in Dam Ha district has invested more than 15 billion VND (647,250 USD) to building hydroponic greenhouse vegetable and melon farms, betting on high-tech hydro-growing operations to promote clean agriculture, cut workloads, and standardise quality. Director Nguyen Huu Nhuong said that thanks the newly installed hydroponic systems, the company has enjoyed a production bump of nearly 100 tonnes of melon per year … [Read more...] about Quang Ninh farms turn to tech to grow agriculture sector