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According to information from the project's consulting firm Sytra, the testing process will be divided into two phases. In the first phase, the entire urban railway system will be operated under normal conditions to measure the RAMs factor. RAMs is an engineering discipline that integrates reliability, availability, maintainability, and safety characteristics appropriate to the operational objectives of a railway system into the inherent product design property through railway systems engineering. Hanoi People’s Committee has set a target to bring this railway route into operation late this year. In the second phase, they will test the run in limited conditions with five scripts, such as sudden electricity loss to the total system, a fire at a randomly chosen station, and the use of a rescue train. Hanoi People’s Committee has set a target to bring this railway route into operation late this year. The project’s construction was kicked off in September 2010 and was … [Read more...] about Long-delayed Nhon-Hanoi Station railway to begin testing

Brazil top Group G and next face Switzerland and Cameroon. The team's doctor said that talisman Neymar and ever-reliable full-back Danilo would only miss the Swiss game. "Neymar and Danilo went through an MRI on Friday afternoon and we found ligament damage in the ankle of both of them," Rodrigo Lasmar said in a statement shared by the Brazilian Football Confederation (CBF). "They will miss the next game for sure and we will be cautious as they will undergo treatment in order to try to get them in shape so they can play again in the World Cup." Neymar has had problems with his right foot and ankle for several years and looked distraught when he left the pitch late in Thursday's match. In the 2014 World Cup he suffered a back injury in the quarter-final victory over Colombia, ruling him out of the 7-1 semi-final defeat by Germany. At Russia 2018, injuries again hampered his dream of winning the World Cup. Early in 2018, Neymar suffered a sprained right ankle that affected the … [Read more...] about Neymar and Danilo to miss rest of group stage with ankle injuries

The project, once completed, will have a great impact on the social development not only of Hanoi but also of the provinces and cities in the Capital Zone. Hanoi is determined to clear all hurdles during the preparations for the Ring Road No.4 project to start construction in June 2023. Secretary of the Hanoi Party Committee Dinh Tien Dung (middle) at Thuong Tin District. Photos: Thanh Hai/The Hanoi Times Secretary of the Hanoi Party Committee Dinh Tien Dung stressed the view on November 24 during a visit to localities under the project areas, including Me Linh, Dan Phuong, Hoai Duc, Thanh Oai, Thuong Tin, and Ha Dong districts. At the visit, Vice Chairman of the Hanoi People’s Committee Duong Duc Tuan said the road is divided into seven sub-components, including three for compensation and support of affected households in resettlement; three for the construction of urban roads alongside the Ring road, financed under the public funds; and one for … [Read more...] about Hanoi to kick start Ring Road No.4 construction next June: City Party chief

A Tech in Asia analysis found that the number of unicorns (startups valued at $1 billion or more) in Southeast Asia has increased across various industries, reaching 51 this year after almost doubling in 2021. Super apps like Grab, Gojek, and Lazada have even become decacorns by passing the $10 billion valuation mark. Vijay Eswaran, founder and executive chairman of the QI Group of companies This has generated a large amount of wealth and employment, positioning ASEAN as a major emerging power on the global tech map. Preqin’s Territory Guide: ASEAN 2022 reports that 2021 saw record-breaking venture capital deal activities for ASEAN, both in the number of deals and the aggregate deal value – which was up almost 35 per cent from 2019 and 2020 levels combined, with a record peak of $20.4 billion. According to the 2021 ASEAN Development Outlook and the International Monetary Fund, the region is projected to become the fourth-largest economy globally by 2030. With this … [Read more...] about ASEAN poised to become global tech and startup hub

The two-day event – Mekong Connect 2022 Forum – ended successfully on November 24. The forum was organised by provincial members of the ABCD (An Giang, Ben Tre, Can Tho, and Dong Thap) Mekong regional connecting network and Ho Chi Minh City, in combination with the Vietnam Business Association of High-Quality Goods. Organised since 2015, it is an annual forum for investors, startups, entrepreneurs, experts, and government leaders who have concerns and interests related to the Mekong delta region. At the forum, Tran Thanh Man, Standing Vice Chairman of the National Assembly, expressed his high appreciation for the forum’s theme of "Actively improving the quality of links and integration for sustainable development." He said that this is a pressing issue for many provinces and cities across the country in general, and in the Mekong Delta region in particular. Improving the quality of links will create a new impetus for promoting post-pandemic economic development in the Mekong … [Read more...] about Promoting sustainable economic development in Mekong Delta

The second session of the Vietnam M&A Forum 2022 Dr. Nguyen Cong Ai, senior partner of KPMG Vietnam, moderated the forum's second discussion session. Keynote speakers included CEO of SABECO Bennett Neo , CFO of Loc Troi Group Le Thanh Hao Nhien, country head of Cushman & Wakefield Vietnam Trang Bui, founder and CEO of ASART Deal Advisory Binh Le Vandekerckove, CEO of Hobbit Investment William Do, head of Business Development Unit at Gamuda Land (HCMC) Khanh Nguyen, and general manager of Residential at Frasers Property Vietnam Truong An Duong. According to Dr. Ai, a recent study conducted by KPMG Vietnam revealed that M&A deals in the country encountered a downturn in 2022, resetting to pre-pandemic levels after a surge in 2021. The first 10 months of the year have logged in $5.7 billion in total, representing a decline of 47.4 per cent as compared to the whole of 2021 and 12 per cent compared to 2020. The number of deals has also significantly declined from the … [Read more...] about “New Value Creation” session at Vietnam M&A Forum 2022

The findings underscore the impetus for greater effective public-private partnership (PPP), to accelerate recovery and resilience in ASEAN and beyond. In 2021, ASEAN was the third highest recipient of FDI globally, with inflows of $174 billion, returning to pre-pandemic levels. Some 50 per cent of ASEAN’s FDI inflows originate from the US, EU, and China. Intra-ASEAN FDI contributed about 12 per cent of the region’s inflows in 2021. Trade agreements, such as the Regional Comprehensive Economic Partnership, are expected to further accelerate growth. With the agreement in place, 81 per cent of business leaders surveyed plan to increase investments in ASEAN over the next three to five years. Overall, 93 per cent of business leaders expect positive revenue growth from their ASEAN businesses. “ASEAN is an oasis of growth, with its GDP forecast to grow about 4 per cent annually to $4.5 trillion by 2030,” said Benjamin Hung, CEO, Standard Chartered Asia. “Amid global … [Read more...] about Corporates optimistic on ASEAN business opportunities

Illustrative photo (Source: vneconomy.vn) Hanoi (VNA) – Thanks to the UK-Vietnam Free Trade Agreement (UKVFTA), Vietnam’s agro-forestry-fishery exports to the European nation now enjoy many advantages which, however, also come with several challenges. In full effect, the trade pact will slash 94% of the 547 tariff lines the UK imposed on Vietnamese farm produce . As a result, import tariffs for most shrimp and some wooden products from Vietnam will be 0% within the next five years. The UK is currently among Vietnam’s top five export markets of aquatic goods and top three of wooden products. At a recent workshop on tapping the UK market and the UKVFTA , British Consul General in Ho Chi Minh City Oliver Todd lauded Vietnam’s position as a trade partner in the Southeast Asian region. The diplomat expressed his belief that the country can replace others like India and Indonesia to become a new agro-fishery-forestry supplier of the UK. However, the European market … [Read more...] about Vietnam’s agro-forestry-fishery exports face UKVFTA-related opportunities, challenges

The stone dragons at the entrance of Kinh Thien Palace (Photo: VNA). Hanoi (VNA) – Experts are working hard together to restore Kinh Thien Palace in the Thang Long Imperial Citadel in Hanoi with an aim to preserve the value of the historical relic site. According to Associate Professor Nguyen Quang Ngoc, Vice Chairman of the Vietnam Association of Historical Sciences, traces of Kinh Thien Palace, the “heart” of the Thang Long Imperial Citadel are only seen in stone steps. He stressed the urgent need to conduct the restoration of the heritage. “We have been indebted to our ancestors, to this world heritage for too long," said Ngoc. Restoring Kinh Thien palace over 10 years Ngoc is among many scientists who have expressed deep concerns about the restoration of the palace, which has been discussed for many years ago but has still not been carried out. The wish of Prof. Ngoc is also the aspiration of scientists who are interested in the Imperial Citadel of Thang Long. At … [Read more...] about Kinh Thien Palace restoration – an urgent need: experts

A border patrol in Quang Ninh Province seize 1,900 cigarette packs and 28kg of firecrackers smuggled from China. — VNA/VNS Photo Xuan Hoang Quang Ninh Province has kept smuggling in check through its close surveillance of cross-border movement of goods. Nguyen Dinh Hung, director of Quang Ninh Province's Market Surveillance Agency, said the number of smuggling cases in 2022 has dropped compared to 2021. The decline can be attributed to Provincial Steering Committee 389's tough measures against smuggling and anti-smuggling task forces' increased patrols in the border. "The trafficking of illegal goods on cross-country trails has been brought to an end," said Hung. With smuggling under control, the agency has developed a resolution that highlighted its shift of focus to counterfeiting. Under the resolution, the agency is determined to crack down on products without adequate labels. The director said its on-site inspections detected 698 cases of smuggling and counterfeiting … [Read more...] about Quang Ninh tightens up on smuggling and counterfeiting