HCM City had laid out plans for eight major transport infrastructure projects from now to 2025. The list includes the HCM City-Moc Bai Expressway project with an investment of VND16 trillion (USD689.65 million) and VND9.98 trillion Can Gio Bridge. HCM City plans major transport infrastructure projects (photo by VOV) Other projects comprise a VND6.2 trillion inland container depot, the VND5.3 trillion Thu Thiem Bridge 4, the VND1.33 trillion HCM City-Chon Thanh Highway, a VND1.76 trillion road to link Vo Van Kiet Highway to HCM City-Trung Luong Highway. However, funds for the Belt Road 4 project has not yet been disclosed. The Department of Transport has been asked to conduct feasibility studies on all the projects. … [Read more...] about HCM City plans major transport infrastructure projects
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Transport sector beseeches support amid soaring fuel costs
Buses at the Mien Tay Station in HCM City. — VNA/VNS Photo Hoang Hai The HCM City transport industry has sought Government support to help recover from the double whammy of the COVID-19 pandemic and skyrocketing fuel prices. Le Trung Tinh, chairman of the city Intercity Passenger Transport and Tourism Association, said the high prices of petroleum products have made it difficult for transport businesses, leading to a fresh crisis post-pandemic. Fuel prices account for 30-50 per cent of transport costs, and so the hike in prices has created massive challenges for the industry, he said. The Government and National Assembly should consider reducing tariffs on petroleum products such as environmental protection, special consumption and value-added taxes, he said. “Petrol prices have surged and been forecast to rise to VND35,000 - 40,000 per litre. If it does, passenger transport firms will find it challenging to survive.” A spokesperson for Tu Vien, a firm that operates on … [Read more...] about Transport sector beseeches support amid soaring fuel costs
Solutions sought to help Vietnam’s aviation industry take off
Illustrative image (Source: VNA) Hanoi (VNA) - Vietnam ’s aviation industry needs to improve to keep up with the global market as flights resume following the pandemic, Deputy Minister of Transport Le Anh Tuan said on May 24. He made the remark at an international seminar titled “Vietnam aviation in a post-pandemic world” organised by Tap chi Cong San (Communist Review) and the Ministry of Transport. There were 42 million international visitors out of 116 million air passengers in Vietnam in 2019, before the pandemic broke out. About half of them came to Vietnam to invest and seek business opportunities. The volume of goods shipped by air reached 1.5 million tonnes in 2019, which was rather low compared to other modes of transport but accounted for 25 percent of the value of exported goods. With a growth rate of over 15 percent per year in the 2010-2019 period, Vietnam's aviation market is considered to be the fifth fastest-growing market in the world and the … [Read more...] about Solutions sought to help Vietnam’s aviation industry take off
Government urged to complete Ho Chi Minh Road project by 2025
A section of Ho Chi Minh Road in Binh Phuoc province (Photo: VNA) Hanoi (VNA) – About 86.1 percent of the Ho Chi Minh Road project has been completed, and the Government is working on the remaining sections so as to finish the entire project by 2025, Minister of Transport Nguyen Van The said on May 24. Reporting on the project implementation to the National Assembly (NA), he said under a resolution of the NA, this project, stretching 2,744km in total from Pac Bo in northern Cao Bang province to Dat Mui in the southernmost province of Ca Mau, should have had at least two lanes and been completed by 2020. So far, 2,362km of the road, equivalent to 86.1 percent, along with about 258km of access roads, has been completed. About 211km is current under construction while capital hasn’t been allocated for building the remaining 171km. The said as the project holds great significance in terms of politics, economy, defence - security, and poverty reduction, it has received great … [Read more...] about Government urged to complete Ho Chi Minh Road project by 2025
Hanoi allocates US$11,6 million to training 270 civil servants
Hanoi allocates US$11,6 million to training 270 civil servants According to this scheme, beneficiaries are civil servants, leaders, managers at a departmental level and planning titles equivalent to department level, professional civil servants of departments and agencies equivalent to departments, and staff in people's committees in districts and communes. The total cost of implementing the project by 2025 is more than VND272.3 billion taken from the city budget. Particularly for postgraduate training, the estimated funding source is VND61.6 billion, of which postgraduate training in advanced countries is expected to cost VND9.6 billion and domestic graduate training is VND52 billion. Notably, for post-graduate training, the project clearly stated that Hanoi will send civil servants and public employees of departments, agencies, people's committees in districts, and public organizations under the age of 35 to foreign countries. According to the goal, 30 people will be … [Read more...] about Hanoi allocates US$11,6 million to training 270 civil servants
MM Mega Market Vietnam expands its footprint in the North with opening Sapa Depot
This is recognised as a significant step forward in the sustainable development and expansion of MM Vietnam in distribution network system for the 5-year period from 2020 to 2025 to better serve its professional customers especially HoReCa channel. The delegates cut the ribbon in the opening ceremony of new MM’s Depot in Sapa Located on the main crossroad about two kilometers from the town center, Sapa Depot spreads over a land area of 480 square meters, in which the total area of the warehouse is 394 square meters. Its target customers comprise business or professional customers who have been providing their products and services in the hospitality industry in Sapa. As an important part of MM Mega Market Vietnam’s supply chain and sourcing management, Sapa Depot aims to provide a wide range of leading-edge products to better support its customers’ evolving demands in a timely manner, while enabling it to offer further solutions within 38 kilometers from Lao Cai City … [Read more...] about MM Mega Market Vietnam expands its footprint in the North with opening Sapa Depot