Đồng Nai Province will be responsible for Cát Lái Bridge project.— Photo vietnamnet.vn Viet Nam News HCM CITY— The authorities of HCM City and Đồng Nai Province agreed to select Đồng Nai Province as the leader in the Cát Lái Bridge project. The bridge will cross Đồng Nai River and link the city’s District 2 with Nhơn Trạch District in Đồng Nai Province. Approved by Prime Minister Nguyễn Xuân Phúc, the project has been delayed because of a lack of funds. The 4-km long and 55m high Cát Lái Bridge, with six lanes for motor vehicles and three mixed lanes, is expected to ease crowding on Cát Lái Ferry, which is a key link from HCM City to Đồng Nai and Bà Rịa- Vũng Tàu provinces. The Cát Lái Ferry carries an average 40,000 to 45,000 vehicles per day and up to 100,000 vehicles on peak days, according to the … [Read more...] about Đồng Nai Province chosen as leader of Cát Lái Bridge project
Thanks to a joint funding partnership between the Vietnamese Government, the Australian Government and the Asian Development Bank (ADB), as part of the Central Mekong Delta Region Connectivity Project, each day, an estimated 170,000 people will cross the bridge that is designed with four lanes for vehicles; two for pedestrians and bicycles in both directions. Photo: vietnamnetThe 24.5 meters wide-bridge spans 2.4km across the Tien river, with a further 25.1km of inter-connecting roads. With a maximum speed of 80 kilometers per hour, it is also equipped with modern safety monitoring and surveillance camera systems. Australia’s Foreign Minister the Hon Julie Bishop MP said: “In the years ahead, this bridge will be a crucial driver for development. It will better connect the region, supporting economic growth and food security, demonstrating new technical engineering solutions that can be incorporated into future infrastructure projects. Besides, it will support Vietnam in … [Read more...] about Cao Lanh bridge welcomes around 170,000 people each day
VietNamNet Bridge - The appearance of foreign fast-fashion brands in Vietnam has dealt a strong blow to Vietnamese brands. Youth are willing to spend more money on foreign made products Seeing a dress at Zara, Ngan, a bank officer, promptly decided to buy it for her daughter’s birthday, though the product was priced at VND800,000. There are three groups in the world market, including powerful economies like the US, cultural center with deep value like Italy and France, and markets with specific character like Japan and South Korea. Ngan’s choice shows a growing tendency in Vietnam: youth are willing to spend big money to buy foreign-made products instead of Vietnamese. RELATED NEWS How are Vietnamese fashion brands faring? Domestic fashion brands seek foothold in $3.5 billion market Mai Nam … [Read more...] about Vietnamese fashion brands wither away as designs remain stagnant
VietNamNet Bridge - The Vietnamese stock market is in the “most optimistic situation in the last 11 years”, according to analysts. The listing can bring big benefits to real estate firms Nguyen Huu Quang, deputy CEO of Netland Investment, said it plans to organize roadshows in late March in Hanoi and HCMC to introduce NRC shares to investors. Analysts said the listing can bring big benefits to real estate firms, and that now is the golden time for them to list as the stock market has been prospering. In August 2017, Netland acquired 95 percent of shares of Danh Khoi Real Estate JSC, one of the major real estate distribution company. RELATED NEWS What’s behind the strong performance of the stock market in 2017? USD continue to flow into stock market Kim Chi … [Read more...] about Real estate market to prosper thanks to stock upswing
VietNamNet Bridge - The government needs to continue its efforts to reform the business environment in order to have more billionaires, experts say. Chair of Hoa Phat Group Tran Dinh Long Four Vietnamese are on Forbes’ 2018 list of the world’s billionaires. These include two familiar names – Pham Nhat Vuong and Nguyen Thi Phuong Thao, and two new names – Tran Ba Duong, chair of Truong Hai Automobile and Tran Dinh Long, chair of Hoa Phat Group. Four Vietnamese are on Forbes’ 2018 list of the world’s billionaires. These include two familiar names – Pham Nhat Vuong and Nguyen Thi Phuong Thao, and two new names – Tran Ba Duong, chair of Truong Hai Automobile and Tran Dinh Long, chair of Hoa Phat Group. Dang Dinh Dao, former head of the Institute for Economic & Development Studies, said the appearance of billionaires reflects the country’s high and stable economic growth in recent years. RELATED NEWS Tran Dinh … [Read more...] about What does Vietnam need to do to produce more billionaires?