HCM City (VNS/VNA) – Ho Chi Minh City’s Department of Transport has recommended that the People’s Committee should collect infrastructure fees at ports to fund improvements to their facilities. The volume of cargo handled by them is growing at 5 percent a year, with the goods brought mainly by road, meaning the number of container trucks going in and out of the ports is huge. On average, 26,000 vehicles come to the ports every day but the road network around them has not developed commensurately, resulting in prolonged congestion, according to the department. The city has been investing large amounts of money every year in transport networks, infrastructure and public services at or near ports that serve foreign trade. But funds are limited and so fees should be collected from users of public facilities, the department said. According to figures from the Association of Vietnam Seaports, HCM City ports’ throughput in 2018 was 6 … [Read more...] about HCM City suggested to collect infrastructure fees at ports
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* Vo Tri Thanh is a senior economist at the Central Institute for Economic Management (CIEM) and a member of the National Financial and Monetary Policy Advisory Council. The holder of a doctorate in economics from the Australian National University, Thanh mainly undertakes research and provides consultation on issues related to macroeconomic policies, trade liberalisation and international economic integration. Other areas of interest include institutional reforms and financial systems. VNS … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
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