HCM City: early start proposed for over VND4.8 trillion traffic project Traffic congestion on Cong Hoa road The Ho Chi Minh City management board for traffic works construction and investment has urged early completion of paperwork for construction on a road linking Tran Quoc Hoan and Cong Hoa roads to begin in December. Costing more than 4.84 trillion VND (211.2 million USD), the project is slated to complete in July 2023, in conjunction with the completion of the Tan Son Nhat international airport’s Terminal 3 The project, approved in December 2019, includes the building of a six-lane 4km road, an intersection tunnel, and a 1,200m overpass in front of the Terminal 3. Apart from the project, the city also conducting procedures to implement the expansion of Hoang Hoa Tham road and upgrading of Cong Hoa road around the Tan Son Nhat airport. The construction of both projects was initially set to begin in 2020 but it was delayed due to problems in site clearance./. No COVID-19 infections logged on March 4 morning Vietnam documented no COVID-19 cases in the past 12 hours to 6:00 am on March 4, keeping the national tally unchanged at 2,482 patients with 1,566 domestically-transmitted cases, according to the National Steering Committee for COVID-19 Prevention and Control. The country has 51,572 people who came in close contact with COVID-19 patients or arrived from pandemic-hit areas under quarantine nationwide, including 533 at hospitals, 13,776 at other quarantine sites, and 37,263 at home. Among the patients under treatment, 66 have tested negative for SARS-CoV-2 once, 37 twice, and 113 thrice. The Treatment Sub-committee said that 1,898 patients have been declared clear of the coronavirus so far. In a bid to live safely with the pandemic, people should strictly follow the Ministry of Health’s 5K message: khau trang (facemask), khu khuan (disinfection), khoang cach (distance), khong tu tap (no gathering) and khai bao y te (health …
Vietnam news 2015
VIETNAM BUSINESS NEWS MARCH 5
Vietnamese and Japanese firms receive support to expand operations The Japan Trade Promotion Organisation (JETRO) will host an online scheme on March 3 in Hanoi aimed at connecting Japanese businesses in the field of manufacturing and production, known as Monozukuri in Japanese term to facilitate co-operation amid the negative impacts caused the COVID-19 pandemic. According to a representative from the JETRO, the business matching programme will see the participation of 40 Japanese companies for the purpose of accelerating the development of the country’s supporting industry. At present, the scheme has received registration for 50 negotiations from enterprises from Japan, Vietnam, and Taiwan (China), whilst it is still receiving registration from businesses wishing to purchase and seek Japanese suppliers in the Monozukuri field until March 1. A recent survey conducted by the JETRO unveiled that Japanese businesses remain keen on the Vietnamese market as the country is viewed as an alternative investment destinations for Japanese enterprises looking to move away from China due to the COVID-19 pandemic. The survey indicates that approximately half of Japanese enterprises in the nation plan to expand their production activities, while roughly 70% of them seek opportunities to increase revenue in the local market. Most notably, 46.8% of Japanese enterprises unveiled that they have initiated plans to expand their business in the nation over the course of the next two years, with the expansion rate ranking fourth, the highest in the Asia-Pacific region. Japanese enterprises have therefore attributed their expansion to an increase in revenue in the domestic market and high growth potential. Furthermore, Japanese firms are also considering re-establishing some supply chains which have been impacted by the COVID-19 pandemic, with Vietnam able to capture the attention of suppliers and buyers of materials globally. VN-Index finishes lower as …
Export commodities to face greater scrutiny
Workers operate machines at a steel mill in northern Việt Nam. — VNA/VNS Photo HÀ NỘI — Fifteen types of export commodities will be put under strict scrutiny by Vietnamese customs authorities starting this year as part of a campaign to fight origin fraud, illegal transhipment and unfair trade practices, according to the General Department of Vietnam Customs. The general department said the campaign would play an important role in helping Vietnamese firms avoid potential trade protective measures and in protecting their rights and interests. For the campaign, it has proposed a list of commodities including wood and wood furniture, sporting equipment, interior decorative items, steel products, electronics, solar battery, tires, footwear and handbags among others. The department will continue scanning for other commodities with high-risk of origin fraud, illegal transhipment and unfair trade practices, which may soon be added to the list. It has instructed its branch offices across the country to conduct additional investigations and issue severe fines to violators. A major focus of the campaign is to monitor exports to markets like the US, the EU and India, which have seen rapid development in recent years. Investigators will look into products that are assembled and processed in Viêt Nam with almost all their raw materials brought in from abroad. Firms established since 2018 that have reported abnormally high export volume within a short period of time or abnormally high production volume compared to their infrastructure should expect greater scrutiny as the campaign moves on. In a recent report, the general department said it issued fines to the tune of VND77 billion (US$3.3 million) last year for origin fraud, illegal transhipment and intellectual property rights violations. More than 100 firms were investigated with 43 origin fraud cases brought to light. Product origin remains a thorny issue between Việt Nam and a number of its …
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