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?
Operation suspension of intercity bus routes
All Vietjet flights are in alignment with global supreme standards and guidelines from local authorities, the World Health Organisation and the International Air Transport Association (IATA) in order to ensure the health and safety of passengers, crew and the community. — VNS … [Read more...] about Vietjet brings stranded citizens home from Myanmar
The reduction has a more positive impact on the banking system and might affect the economy more strongly than the first rate cut in March. Accordingly, a series of input interest rates offered by banks, especially the short-term deposit interest rates, which are lower than in previous periods, will help banks reduce deposit costs significantly and support businesses to extend their debt and restructure loans. … [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
As planned, the two steam locomotives will mainly serve tourists, running daily from Lang Co Station in Thua Thien Hue Province to the Da Nang Station. The trains will have VIP seat carriages, restaurants, power generators and kitchens. The French-style carriages have been built by the Di An Railway Factory. … [Read more...] about Two steam locomotives on track to become central Vietnam attractions