According to the national railway development strategy, the industry is estimated to require VND110 trillion ($4.78 billion) by 2030 to revamp the existing network. With the limited state budget, calling for private investment is a priority. VNR is betting on its new restructuring plan which is set to be approved by the government in the near future, in which it plans to dump its monopoly in cargo transport by divesting stake in cargo transport. Moreover, it also hopes that the master plan on management, use, and operation of national railway infrastructure in line with 2018’s Decree No. 46/2018/ND-CP dated March 14, 2018 on management, use and operation of national railway infrastructure will be soon approved. This would enable the group to take the initiative with its investment plans and to be looked upon more favourably when calling for private investment in upgrading stations and logistics facilities, as well as developing stations that enjoy commercial advantages. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
10 defining moments 7 critical choices
Addressing the forum, Ms. Naomi Kitahara, UNFPA Representative and Chair of the UN Youth Working Group and the Communications Group said: “I would like to assure you that your views, ideas and opinions matter, and these matter a lot. You need to know that you are not leaders for the future – you are leaders for today. And that is why in this Forum, you explore the future you want, for Viet Nam to achieve the Sustainable Development Goals (SDGs) by 2030.” … [Read more...] about Vietnamese youth share perspectives on “Building the Future We Want”
Hanoi (VNA) - The US has become Vietnam’s largest supplier of fruits and vegetables in the first four months of the year, recording a 44 percent increase year-on-year in export value to 102.1 million USD, according to the Vietnam Fruit and Vegetable Association. Vietnam's overall fruit and vegetable imports fell 42 percent to 376.9 million USD, but imports from several countries such as New Zealand, the US and Korea increased. In the same period last year the US had accounted for only 10 percent of imports. Pham Thien Hoang, owner of GreenSpace Store, a fruit importer, said fruits from the US are very popular among Vietnamese consumers. Apples, grapes and cherries are among the biggest imports from that country. Vietnam is also a substantial exporter of vegetables and fruits, and in the first four months earned 1.2 billion USD these products, a 12.5 percent drop./. … [Read more...] about US becomes Vietnam’s largest supplier of fruits, vegetables
More than 340 Vietnamese citizens returned to the Southeast Asian country from the Netherlands and France on Sunday morning, as part of the government’s plan to bring home citizens stranded overseas due to the novel coronavirus disease (COVID-19) pandemic. … [Read more...] about Over 340 Vietnamese return home from France, Netherlands
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, but is the world?