Urban transportation problems and solutions

Architect Ngo Doan Duc believes that Hanoi needs to create policies to attract talent and investors to build two new cities in Hoa Lac and Noi Bai. Hanoi Vice Mayor Le Hong Son has assigned the Department of Home Affairs to prepare a task force in charge of building a model of cities belonging to the capital city. The Hanoi People’s Committee will report to the Ministry of Home Affairs and the Prime Minister in March. Photo: Vietnamnet To ease the overload in inner districts, Hanoi is considering a model of cities located in the northern suburban districts of the Red River (Dong Anh, Me Linh and Soc Son) and the western districts (Hoa Lac and Xuan Mai). The new cities in the northern part of the Red River will focus on services and international integration. Noi Bai Airport will be the center of development in the city. The second city is expected to be built in the western part, or Hoa Lac area today. This will be a science-technology and … [Read more...] about Hanoi to build two new cities, creating springboard for Hoa Lac, Noi Bai areas

Planes of Vietjet (Source: Vietjet) HCM City (VNA) – Low-cost carrier Vietjet offers the greatest party of 2 million zero dong Eco tickets to fly across its flight network and opportunities to experience SkyBoss, SkyBoss Business with a 50% off promotion, together with many attractive gifts and accumulating unlimited SkyJoy loyalty points. The campaign is to welcome the Vietnamese Reunification Day (April 30) and May Day (May 1) holidays. During the greatest promotion week from March 28 to April 4, 2023, travelholics are offered more than 2 million zero dong tickets at www.vietjetair.com and Vietjet Air mobile app to fly in all Vietjet’s flight network, enjoy the unlimited travel journeys on Vietjet ’s 100 routes flying across Vietnam and to Australia, India, Japan, the Republic of Korea, Taiwan and Hong Kong (China), and all over the Asia Pacific. The flight time is flexible and comfortable from now until December 12, 2023. Especially, with the 50% discount, the … [Read more...] about Vietjet offers 50% off SkyBoss and SkyBoss Business tickets

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

The plan will leverage Hanoi's export advantages and establish strong strategic partnerships among local manufacturers, exporters, and foreign distribution networks. Hanoi aims to help 300 enterprises improve their ability to participate in cross-border e-commerce, and over 500 export products enter foreign distribution networks. Vietnamese mangos in a supermarket in Japan. Photo: The Hanoi Times The city’s action plan aimed to encourage Vietnamese enterprises to engage directly in foreign distribution networks by 2030. The city will promote the active involvement of Hanoi's enterprises in the global production, supply, and distribution chain by facilitating direct exports to foreign distribution networks. The plan aims to build strong strategic partnerships between local manufacturers, exporters, and foreign distribution networks in traditional and e-commerce channels, leveraging the advantages of Hanoi's export goods. Throughout the program, … [Read more...] about Hanoi targets 500 products on shelves of foreign distribution networks

Some banks used to be very popular, with hundreds of thousands of customers, but they gradually disappeared from the market because of many reasons. Nam Do Commercial Joint Stock Bank Nam Do was a bank based in Ho Chi Minh City, which operated strongly in the mid-90s of the last century. However, under impacts of the Asian financial crisis in 1998, this bank could not recover debts. In 1998, after a series of violations in credit activities, Nam Do Commercial Joint Stock Bank was insolvent and was placed under special control by the State Bank of Vietnam. To ensure the safety of the banking system as well as stabilize the socio-economic situation in Ho Chi Minh City, the Prime Minister and the State Bank of Vietnam assigned the Bank for Investment and Development of Vietnam (BIDV) to participate in controlling Nam Do Bank. BIDV established a special working group to assess the entire situation of Nam Do Bank and propose solutions. Photo: Vietnamnet … [Read more...] about Vietnamese banks that ‘disappear’ from the market

Chairman of the National Assembly Vuong Dinh Hue (R) holds online talks with Chairman of the Standing Committee of the National People's Congress (NPC) of China Zhao Leji on March 27. (Photo: VNA) Hanoi (VNA) – Chairman of the National Assembly Vuong Dinh Hue held online talks with Chairman of the Standing Committee of the National People's Congress (NPC) of China Zhao Leji on March 27. The talks took place right after the first session of the 14th NPC, and it is also the first contact between key leaders of the two countries so far this year. Chairman Hue conveyed wishes and regards of Party General Secretary Nguyen Phu Trong, President Vo Van Thuong and Prime Minister Pham Minh Chinh to Party General Secretary and President of China Xi Jinping and Premier Li Qiang. He extended his congratulations to China on the success of the 20th National Congress of the Communist Party of China (CPC) and the first session of the 14th NPC. He also congratulated Zhao on his … [Read more...] about Top Vietnamese, Chinese legislators hold online talks

VPBank provides QR codes for its services. (Photo: VNA) Hanoi (VNS/VNA) - For Vietnam to fully tap into the digital future, experts say institutions and policies must be reformed to reflect Government commitments. Phung Anh Tuan, executive vice chairman and secretary general at Vietnam Association of Financial Investors (VAFI), passed the remarks at the Fintech Revolution Summit in Hanoi on March 27. The two-day summit is attended by BFSI experts, fintech leaders, ministry and central bank authorities, investors and corporates across Vietnam. The Vietnamese Government is advocating the development of a digital economy and promoting industrial revolution 4.0, said Tuan. Many directives have been on promoting non-cash and electronic payments, including Resolution 02, dated January 1, 2019, and Decision 1813, dated October 28, 2021. The policy and law-making process should reflect the Government's commitments, noted Tuan. The VAFI representative expects some … [Read more...] about Experts call for institutional, policy reforms to unlock Vietnam’s digital future

Agribank’s preferential policies have made it possible for businesses and farmers to increase investment in high-tech agriculture. (Photo: Agribank) Hanoi (VNA) – In the hope of making contributions to the growth of a clean and high-value agricultural sector, the Vietnam Bank for Agriculture and Rural Development (Agribank) has taken an active role in providing capital, consultations and other support to farmers in promoting technology. This move is seen as crucial for the sector to develop in a sustainable and effective direction. Obvious trend Agricultural development based on innovations in science and technology is considered as one of the key solutions to challenges as the sector grows. Insiders believe the superiority of biotechnology, greenhouse technology, drip irrigation technology, sensor technology, automation, and the Internet of things is helping the sector save production costs, increase productivity, and improve the quality of farm produce, thus actively … [Read more...] about Agribank contributes to boosting hi-tech agriculture

Nine low carbon projects from across Vietnam were announced as the first cohort to join Climate Finance Accelerator (CFA) Vietnam on Monday by the British Embassy in Hanoi. The selected projects represent diverse sectors such as renewable energy, resource/energy efficiency, e-mobility, decarbonising construction, circular economy, and waste management. According to the British Embassy in Hanoi, the nine projects meet many 'green' criteria such as aiming to reduce greenhouse gas emissions; being at the pre-feasibility stage of development; having a business model that will generate commercially viable returns in the long-term; and contributing to furthering gender equality and social inclusion. Those projects' scale is also fairly big as they have to come from existing companies in Vietnam and must have a minimum total financing need of US$5 million. “The exciting and innovative projects selected to be part of CFA Vietnam underline the significant potential of the Vietnamese … [Read more...] about 9 innovative low carbon projects in Vietnam receive UK climate support