Infrastructure

The next project is to expand road 769E, which is two kilometers, to four lanes, with an estimated cost of VND72 billion. The road, which starts at the boundary of the airport project and ends at an intersection with ring road No. 4, will help reduce traffic in the northern gate area of the airport and reduce the number of vehicles traveling to National Highway 51. … [Read more...] about Nearly VND6.8 trillion proposed for five roads leading to Long Thanh airport

By 2022 VIMC aims to accommodate 30 per cent of the country’s total cargo volume at its seaports and build two container terminals at Lach Huyen International Gateway Seaport in the northern port city of Haiphong, while restructuring joint-venture seaports in the Cai Mep-Thi Vai seaport area in the southern province of Ba Ria-Vung Tau. … [Read more...] about VIMC sets ambitious targets for 2020-2022

Quang Binh (VNA) – Quang Binh should give greater attention to administrative reform as well as e-government and smart city building, thus creating a transparent and open business environment to lure more investors, stated Deputy Prime Minister Trinh Dinh Dung at the central province’s investment promotion conference on January 18.environmental protection and corporate social responsibility. … [Read more...] about Quang Binh asked to improve business environment to lure more investors

Bac Giang (VNA) – Foxconn Singapore PTE Ltd will build a 270-million USD plant to produce laptops and tablets at Quang Chau industrial park in the northern province of Bac Giang. The company was among four projects of Singaporean and Hong Kong investors with total capital of nearly 570 million USD awarded investment certificates at a ceremony on January 18. Besides Foxconn, Risesun Investment Pte.Ltd (Singapore) will pour 75 million USD in a plant to produce plastic and composite products and 6 million USD into another factory to manufacture PVC decorative films at Hoa Phu industrial park. Ja Solar Investment (Hong Kong) Limited invests 210 million USD in a photovoltaic manufacturing plant at Quang Chau industrial park.  Addressing the ceremony, Chairman of the provincial People’s Committee Le Anh Duong pledged to provide investors with the best technical infrastructure and services while facilitating administrative procedures for those landing investment in the … [Read more...] about Foxconn invests in 270-million USD laptop plant in Bac Giang

Meanwhile, given the current difficulties caused by the pandemic, VNR’s equity worth VND3.2 trillion at its subsidiaries, especially at the Hanoi Railway Transport JSC (Haraco) and the Saigon Railway Transport JSC (SRT), could completely disappear and the efforts of Haraco and SRT to run their businesses over the past years could be erased in the next three years. Moreover, the sector is financially incapable of buying new equipment, Minh said. … [Read more...] about Replacing expired locomotives, carriages to place enormous financial burden on railway sector