Transported urban dictionary

Roads, airports, and seaports are being looked at by overseas companies in terms of investment feasibility, Photo: Shutterstock On June 16, Hoang Gia Khanh, deputy general director of state-owned railway giant Vietnam Railways (VNR), received a delegation of Austrian businesses at its headquarters who introduced new products and technology solutions aiming to seek opportunities in the local industry. The commercial counsellor of the Austrian Embassy in Hanoi said that businesses expect to intensify cooperation with VNR, specifically those in funding and upgrading projects, as well as machinery upgrading and maintenance. He added that besides official development assistance, the Austrian government also has other financial tools that can help VNR access financial resources and technologies. According to Khanh, investment demand for the industry’s infrastructure development is huge and he highly appreciates the products and technology of groups like Plasser & Theurer and … [Read more...] about Reopening increases foreign interest in transport upgrade

Hà Nội's first rapid bus route, Kim Mã-Yên Nghĩa, started construction in early 2013 and entered operation at the end of 2016. — VNA/VNS Photo HÀ NỘI — Hà Nội's Department of Transport has proposed the municipal People's Committee to allow passenger cars with 24 seats or more, official vehicles, ambulances and fire trucks to use Bus Rapid Transit (BRT) lanes in the capital. This is part of the measures that the department proposed on Thursday in a report on traffic adjustment to solve congestion on some roads. According to the department, despite the BRT bus route being a radial axis, its operational efficiency is reduced, while the high volume of vehicles, especially during peak hours, causes congestion. Allowing other vehicles to enter the BRT lane is expected to reduce congestion and increase the efficiency of traffic infrastructure. Hà Nội's first rapid bus route, Kim Mã-Yên Nghĩa, started construction in early 2013, and began operations at the end of 2016. The bus route … [Read more...] about Hà Nội’s transport department proposes more vehicles using the exclusive BRT lane

The bridge to be built on the Red River could become another icon of the capital city. The Hanoi's authority has sorted out the final design of the Tran Hung Dao Bridge spanning the Red River in Hanoi. The final design of Tran Hung Dao Bridge is a combination of ancient and modern Hanoi. Photos: the organizer Accordingly, Tran Hung Dao Bridge will be a six-span arched truss bridge. Its curved lines resemble running waves. With a total length of about 5.5km, the bridge will connect the districts of Hoan Kiem and Hai Ba Trung with Long Bien District on the north bank of the Red River. The bridge’s design won the first prize in a design contest held by the city’s Transport Construction Investment Project Management Board and the Vietnam Association of Architects last October. The bridge designer said that Tran Hung Dao Bridge will represent a combination of ancient and modern capital city on the two sides of the Red River, featuring curving waves of the … [Read more...] about Hanoi selects final design of Tran Hung Dao Bridge

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market

Nguyen Tat Thanh Street is always crowded Duong Thi Thanh Thuy, living on Huynh Tan Phat Street in District 7 and a regular user of this street to go to work in District 1, shared that it normally takes her 20 minutes to get to work, but at rush hours the time could be a double or triple. Truck driver Le Van Lam, who usually uses the street to transport cargoes to and fro Tan Thuan Export Processing Zone, complained that Nguyen Tat Thanh Street is always crowded, regardless of the time of the day. Nguyen Hoang Viet, a resident on the street, expressed his concern that he has heard about a street expansion plan towards Khanh Hoi Port for 5 years, yet could not understand why it has not turned to reality yet. People like him feel so tired of the noise and dirt volume each day, let alone traffic jams. He suggested that an expansion of 2-3m wide can greatly address the congestion situation here. Also, the intersection between this street and Ton Dan Street is often stuck because … [Read more...] about Nguyen Tat Thanh St. in urgent need of expansion

Hanoi Metro, the operator of Hanoi’s Cat Linh-Ha Dong metro line, posted losses of over VND63.7 billion (US$2.7 million), inclusive of VND12.2 billion ($525,000) in corporate management costs, in 2021 since the metro line was put into service in November last year. The firm had already been operating at a deficit given the VND22.7 billion ($976,120) loss it incurred in 2020, prior to the metro line’s inauguration. According to its 2021 audited financial report, Hanoi Metro earned just VND5.3 billion ($228,220) from ride fares for the Cat Linh-Ha Dong metro line. During the year, its income from financial activities jumped 133 percent from 2020 to VND2.1 billion ($90,400). Its expenses, however, amounted to more than VND58.9 billion ($2.5 million), including VND43.7 billion ($1.88 million) in labor costs. This loss, plus its corporate management costs of VND12.2 billion, took Hanoi Metro’s total losses for the year to VND63.7 billion in 2021. Hanoi Metro’s total losses … [Read more...] about Hanoi’s first metro line posts over $2.7mn loss in 2021 audited financial report

Deputy Prime Minister Pham Binh Minh (R) receives Chairman of Daewoo E&C Group Jung Won-ju (Photo: VNA) Hanoi (VNA) - The Vietnamese Government is willing to create favourable conditions for foreign enterprises, including those from the Republic of Korea (RoK), to expand investment and business in Vietnam, Deputy Prime Minister Pham Binh Minh told Chairman of Daewoo E&C Group Jung Won-ju. During a reception for Jung on June 22, the Vietnamese leader expressed his belief that the two countries' relations will continue to develop more intensively and substantively in various fields, especially trade and investment. Deputy PM Minh highly valued investment of RoK enterprises in Vietnam, including Daewoo E&C Group. He said that Starlake Tay Ho and Meyhomes Capital Phu Quoc projects invested by the firm have contributed to creating a spacious and modern urban landscape, and improving the value of the Vietnamese people's lives. He expected Daewoo E&C Group to … [Read more...] about Vietnam welcomes RoK firms’ investment expansion: Deputy PM

Channels in District 4 of HCMC are cleaned from waste Statistics from the Vietnam Institute of Meteorology, Hydrology and Climate Change (under the Natural Resources & Environment Ministry) reveal that by 2050, if the sea level increases by 18-30cm, Vietnam will lose about 2 percent of its GDP. Its agriculture will bear the most damages, seeing a drop of 13.5 percent in its added value and a loss of $43 billion from 2020-2100. In 2100, if the sea level rises by 100cm, 6.3 percent of the surface area of Vietnam will be lost, while the affected proportions of the railway system, national roads, and provincial roads will be 4 percent, 9 percent, and 12 percent, respectively. The Mekong Delta will experience the most severe damages, at 52.39 percent; followed by the Red River Delta at 31.4 percent and the Central coastal area at 9.1 percent. Vietnam will face a high chance of non-economic damages like declining health, relocated economic zones, land loss due to land slide, … [Read more...] about Vietnam urgently fighting against climate change

Chairman of the HCMC People’s Committee, Phan Van Mai speaks at the seminar. Speaking at the meeting, the city’s Chairman noted that District 7 has the advantages of road and water transport. If the locality has a good development strategy of sea encroachment , it could approach and exploit the advantages of the sea surface effectively. He asked District 7 to develop in accordance with the goal of developing HCMC into a regional and international financial center, an attractive destination, a hub of service, modern industry and culture, and top performer in digital transformation by 2030. At the meeting In addition, the district must focus on developing waterway tourism, healthcare facilities, education, culture and sports; investing in social and transport infrastructures; building an urban administration and digital administration on an effective larger scale. HCMC has proposed a specific mechanism for its development. District 7 must put itself in a state of … [Read more...] about HCMC’s District 7 organizes seminar seeking development strategy

Bac Giang expands development space for industry, services. - Illustrative image (Photo: baobacgiang.com.vn) Bac Giang (VNA) – Chairman of the People’s Committee of Bac Giang province Le Anh Duong said the province will focus investment on developing socio-economic infrastructure , aiming to create breakthroughs to attract investment in the time ahead. According to Duong, Bac Giang plans to accelerate work to complete several key projects early, including a 7-storey building for the provincial hospital, and expansion of the functional rehabilitation hospital and medical centres of Tan Yen, Lang Giang and Hiep Hoa districts. Besides, Bac Giang will speed up the pace of transport projects with the aim of expanding the space for the development of industry and services by connecting with other localities such as Bac Ninh, Hai Duong, Thai Nguyen, Lang Son, Hanoi and Quang Ninh. The projects include a road linking National Roads 37 and 17 and Vo Nhai in Thai Nguyen, a road and … [Read more...] about Bac Giang expands development space for industry, services