The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, bus is the world?
Number 9 bus route
According to Vietjet, passengers on this special flight were Vietnamese citizens with difficulties and wishing to return, including children, elderly, people with illness and underlying medical conditions, pregnant women, monks and religious group required to go home after the closure of meditation centres, stranded tourists, workers whose working visas or contracts expired and students. … [Read more...] about Vietjet brings stranded citizens home from Myanmar
But recently the industry has faced numerous challenges as Vietnam has yet to be able to produce juveniles and the feeding requires fresh food. At the same time, the traditional wooden cages are unable to withstand stronger waves, the environment is being degraded and the market is facing a great deal of difficulty due to the heavy reliance on exporting through unofficial channels. … [Read more...] about BUSINESS NEWS HEADLINES MAY 24
According to the national railway development strategy, the industry is estimated to require VND110 trillion ($4.78 billion) by 2030 to revamp the existing network. With the limited state budget, calling for private investment is a priority. VNR is betting on its new restructuring plan which is set to be approved by the government in the near future, in which it plans to dump its monopoly in cargo transport by divesting stake in cargo transport. Moreover, it also hopes that the master plan on management, use, and operation of national railway infrastructure in line with 2018’s Decree No. 46/2018/ND-CP dated March 14, 2018 on management, use and operation of national railway infrastructure will be soon approved. This would enable the group to take the initiative with its investment plans and to be looked upon more favourably when calling for private investment in upgrading stations and logistics facilities, as well as developing stations that enjoy commercial advantages. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
Tu Quy Thanh, director of Lien Bang Travel Link, agreed that the 15-day visa exemption is not good enough. Many tourists from Northern and Western Europe often travel through multiple countries at the same time. For example, they can go on the Vietnam-Laos-Cambodia route or Vietnam-Thailand-Singapore. The trip can last from three to four weeks. … [Read more...] about More flexible visa policies needed to boost Vietnam’s tourism