Operation new dawn

The volume of passengers passing through Ho Chi Minh City’s new Mien Dong (Eastern) Bus Station has reached fewer than 50 percent of its capacity, failing to meet expectations of the city’s transport authority. Besides, the number of interprovincial buses operating at the new station remained lower than expected, the Department of Transport said in a report sent to the municipal government regarding the business performance of the station. After fixed-route passenger bus operators shifted their operations to the new station in Thu Duc City from the old one in Binh Thanh District starting from October 11 last year, some reportedly suspended operations or cut down on their services due to low passenger numbers. Also, a rising number of buses were found to have picked up and dropped off passengers outside the new station. The issues mentioned above have made life much tougher for the new station to achieve an acceptable level of business performance. The transport department … [Read more...] about Ho Chi Minh City’s new Mien Dong Bus Station operating 50% below capacity

Advances in technology may be the key to solving the problems faced by local taxi companies. Hanoi-based taxi companies are seeking permission from the Government and the Hanoi authorities to allow the import and use of electric cars. G7 taxis stop at a local park in Hanoi. Photo: Tuan Anh/The Hanoi Times The electric car helps reduce environmental pollution by consuming clean energy, which is now the global vibe, said chairman of the Hanoi Taxi Association Nguyen Cong Hung. The Covid-19 pandemic, the growth of ride-hailing technology applications, and rising fuel prices are some of the factors impacting traditional cab firms, Hung said at a meeting on March 21. "Several taxi companies are being dissolved and their assets sold because they are operating at a loss," Hung said. "Domestic cab companies need a new form of business operation to adapt to the global development of technology and transportation," he added. "Modern technologies, especially … [Read more...] about Hanoi’s taxi companies seek permission to operate electric cars

The information comes from Generali Vietnam’s latest release issued March 16, citing that at a meeting chaired by president Andrea Sironi, the Assicurazioni Generali Board of Directors approved the consolidated financial statements and the parent company’s draft financial statements for the year 2022. Along with this, the group’s gross written premiums rose by 1.5 per cent to $86.7 billion, thanks to the positive performance of the Property and Casualty (P&C) segment, led by the non-motor line. Generali Vietnam has contributed to the group’s performance with strong growth after 12 years of operation The operating result climbed by 11.2 per cent to reach $6.89 billion, thanks to positive growth in the Life, P&C, and Holdings and other businesses segments. The Life segment grew strongly by 25.1 per cent to reach $3.73 billion, reflecting excellent technical profitability, which was also confirmed by the new business margin at 5.35 per cent – up 0.86 … [Read more...] about Generali Group touts best-ever operating results in 2022

Rafael Frankel, director of Public Policy for Southeast Asia and South Asia at Meta Group, the owner of Facebook, in an interview with Tuoi Tre (Youth) newspaper on Wednesday, highly evaluated the Vietnamese market and stressed the group’s long-term presence in Vietnam. “Meta’s commitment to the Vietnamese market is long-term. Over the past five years, our investment in Vietnam has increased gradually,” Frankel said. Meta wants to not only expand but also deepen the relations with partners, including governmental agencies, small, medium and micro enterprises, as well as Vietnamese consumers. The group also wanted to learn more about the environment and policies in Vietnam for the digital economy development and digital transformation. For Meta, Vietnam is not just a market with a population of 100 million people but also a market with a strong connectivity and young and creative residents. Meta has taken the initiative in cooperating with the Vietnamese Ministry of … [Read more...] about Meta wants long-term operation in Vietnam: executive

Bamboo Airways is negotiating a deal with a new investor, showing its latest move one year after former chairman Trinh Van Quyet was arrested in March 2022 on charges of stock market manipulation, a representative of the airline told Tuoi Tre (Youth) newspaper on Thursday. The air carrier and the new investor are in the process of completing a part of investment procedures. Who the investor is remains unclear. The airline has found a new investor to replace former chairman Trinh Van Quyet and some relevant shareholders, said Bamboo Airways CEO Nguyen Manh Quan. The air carrier also actively helped the investor with relevant procedures of stake acquisition. The transferred stake was mortgaged at banks from 2020 by old shareholders. Apart from the stake purchase, the new investor agreed to take responsibility for all payments for the previous loans taken out by the old shareholders who used their stakes in Bamboo Airways as collateral at banks. Over the past few months, … [Read more...] about Bamboo Airways has new investor

Dantri/Dtinews Newspaper has just started construction of a new school project in the northern mountainous province of Lao Cai. The construction and upgrade of Na Phung Kindergarten and Na Phung Primary School in Bao Yen District is started on March 18 The construction and upgrade of Na Phung Kindergarten and Na Phung Primary School in Bao Yen District was started on March 18 with a total investment of VND 500 million donated by the Minh Tri Thanh Company through the Dantri Charity Programme. Na Phung Kindergarten lies on a high mountain in Bao Yen District, which is some 300 kilometres from Hanoi. Na Phung Kindergarten has badly deteriorated The boarding school has only one classroom for nearly 40 students aged between 2-5 who share the same class. The classroom, together with the kitchen, and restroom have all badly deteriorated. Next to the Na Phung Kindergarten is the Na Phung Primary School which also shares the same … [Read more...] about Dantri starts new school project in Lao Cai

During the drill, the new North Korean drone cruised underwater at a depth of 80 to 150 meters (260-500 feet)for over 59 hours and detonated in waters off its east coast on Thursday, North Korean state news agency KCNA said. Dubbed "Haeil", or tsunami, the drone system is intended to make sneak attacks in enemy waters and destroy naval striker groups and major operational ports by making a super-scale radioactive wave through an underwater explosion, the KCNA said. "This nuclear underwater attack drone can be deployed at any coast and port or towed by a surface ship for operation," the news agency said, adding the test had been overseen by leader Kim Jong Un. It is unclear whether North Korea has fully developed miniaturized nuclear warheads needed to fit on its smaller weapons. Analysts say perfecting smaller warheads would most likely be a key goal if the North resumes nuclear testing. Leif-Eric Easley, a professor at Ewha University in Seoul, said Pyongyang's latest claim … [Read more...] about North Korea says it has tested new nuclear-capable underwater attack drone

The Civil Aviation Authority of Vietnam (CAAV) has just approved to pilot the implementation of the Airport Collaborative Decision Making (A-CDM) model at the country's two biggest airports of Tan Son Nhat and Noi Bai. A data centre set up for the implementation of A-CDM According to CAAV, the implementation of A-CDM will help improve data and coordination between concerned agencies to provide clear, accurate and transparent information, which will help reduce delays and provide a better travel experience for travellers. Airports Corporation of Vietnam (ACV) have co-operated with the two airports, local airlines, and a Dutch consultancy agency to set up the models at Noi Bai and Tan Son Nhat airports. According to ACV, flights at Tan Son Nhat and Noi Bai airports have often seen delays during busy periods due to many reasons, including a lack of coordination between concerned agencies. The implementation of A-CDM is expected to help reduce airport and … [Read more...] about New tech promises fewer delays at country’s biggest airports

Vietnam is striving to lure more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI). Illustrative image (Source: VNA) Phase VIII of the initiative, launched in 2003, concluded in March 2023, under which 497 out of the 597 items were completed. To promote its role, the Vietnamese Ministry of Planning and Investment proposed building a cooperation programme between small- and medium-sized enterprises (SMEs) of the two countries, focusing on digital transformation, support industry and personnel training. Japanese SMEs have capacity, experience and high tech, and Vietnamese firms have abundant human resources, which is reciprocal during their development cooperation. The ministry suggested the Japanese side take more specific solutions and supplement workforce to further support Vietnamese enterprises in improving their capacity and competitiveness, and participating intensively in … [Read more...] about Vietnam attracting Japanese investments to new areas

New automobiles will be exempt from the first mechanical check starting today, March 22, under a revised circular on technical safety and environmental protection issued by the Ministry of Transport. New cars exempt from first safety checks. Illustrative photo The decision aims to simplify procedures and reduce costs and time for vehicle owners, according to the ministry. The new circular stipulates that owners of brand-new vehicles can submit dossiers at registration centres to receive stamps without having to bring in their vehicles. It also extends the interval between the two checks from 30 months to 36 months for those that have vehicles with up to nine seats and are not engaged in transport services. Meanwhile, the period will be lengthened from 18 months to 24 months for vehicles up to seven years old. For those with more than nine seats, it will be 24 months instead of 18 months. After they become five years old, the period will be extended to 12 … [Read more...] about New cars exempt from first safety checks