VIMC incurred losses for three consecutive years from 2012 to 2014, even on the verge of bankruptcy. The losses were attributed to hot development and prolonged recession of the world maritime market, as well as strong investment in its fleet. In addition, VIMC also accepted to receive loss-making businesses under the Shipbuilding Industry Corporation, increasing the burden of having to provide financial assistance to repair the old fleet and support the operation of the fleet, as well as handling vessels that have stopped working for many years. … [Read more...] about VIMC strives to become regional brand name
Logistics topics for mba project
VIETNAM BUSINESS NEWS JANUARY 24
Savill Vietnam's spotlight for the second half of 2020 forecast unit prices to benefit further from infrastructure upgrades. Average asking prices have increased 4 per cent per year over the last five years. At the same time, infrastructure development eases living farther out. When complete, the metro and ring roads will see this trend accelerate. The framework for public-private partnerships was simplified in 2020. Political stability and speedier decision-making will see greater spending on key infrastructure projects. The GSO estimates that for every 1 per cent point increase in public investment, GDP will move up 0.06 per cent points. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24
South Korea pledges $13mn to help Vietnam province build smart city
KOICA signed a deal with Thua Thien-Hue Province in the central region to transform the provincial capital of Hue into a smart city with a focus on culture and tourism, the Office of the provincial People’s Committee said on Friday. … [Read more...] about South Korea pledges $13mn to help Vietnam province build smart city
Trans woman running $7,000 sex tours arrested in Hanoi
Under Vietnam's Penal Code, sex workers are given a warning and fined VND100,000-300,000 ($4.26-12.78), while pimps and sex ring organizers can get between six months and five years in jail. … [Read more...] about Trans woman running $7,000 sex tours arrested in Hanoi
Ho Chi Minh City seeks feedback on new administrative building
The first two underground levels of the new building are expected to be the workplace of the municipal People’s Committee and decision-making People’s Council, while the second to sixth above-ground floors will become offices for eight departments. … [Read more...] about Ho Chi Minh City seeks feedback on new administrative building