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HCM City (VNA) – The Korea International Cooperation Agency (KOICA) will select Korean consultants to conduct feasibility study for the second phase of Metro Line No. 5 in Ho Chi Minh City. The agency will complete a report and hand over it to the HCM City Management Authority for Urban Railways (MAUR) at the end of 2021 in accordance with an agreement recently signed between the two sides. The project is the follow-up of another project, also funded by KOICA aiming to provide technical assistance to the pre-feasibility and feasibility studies of the second phase of Metro Line No. 5. The 23.39-km metro line will run along Hoang Van Thu, Phan Dang Luu, Bach Dang, and Dien Bien Phu streets and be connected to future metro lines such as Metro Line No. 1 at Sai Gon Bridge and Metro Line No. 4 at the Phu Nhuan intersection in the district of the same name. The first phase of Metro Line No 5, linking the Bay Hien intersection and Sai Gon Bridge, will be about 8.89 km in length … [Read more...] about HCM City, RoK cooperate in public transport development

As for the importing markets, the United States was Vietnam’s biggest importer in January-November, spending US$69.9 billion on Vietnamese goods, up 25.7% year-on-year, followed by China with US$43.1 billion, up 16%, and the European Union with US$32.2 billion, down 2.4%. … [Read more...] about Trade surplus hits record high despite pandemic

Tokyo (VNA) – Vietnam is a destination that can bring substantial benefit to Japanese investors, Director of the Vietnam Economic Research Institute (OERI) Moribe Hiroyuki said ahead of an official visit by Japanese Prime Minister Suga Yoshihide. In an interview granted to Vietnam News Agency’s correspondents in Japan, the expert noted that the country has recorded a robust economic growth of 5-6 percent in the past two decades, its population will soon increase to 100 million, which are favourable conditions for investment in Vietnam. He added that Vietnam is among the very few countries which are able to put the COVID-19 pandemic under control, and maintain positive economic growth with vibrant economic activities this year, so it will definitely be an attractive destination not only for Japanese enterprises but also European and Chinese firms. Explaining on the reason why Suga chose Vietnam and Indonesia for his first overseas trip, Moribe said the two countries have … [Read more...] about Vietnam offers substantial benefits to Japanese investors: OERI expert

Aqua City is promising to bring big benefits to buyers since it is located in a junction between southern provinces. When the infrastructure is finished, it will take only 20 minutes from there to reach HCM City. … [Read more...] about Novaland opens Aqua City’s show house

Executive director of the EU-ASEAN Business Council, Chris Humphrey, added: “The message from the survey is clear: ASEAN economic integration appears to be at a standstill. ASEAN and its constituents need to pick up the pace to meet the AEC Blueprint 2025 goals. European businesses are now adjusting their business strategy to local environments, rather than waiting for substantial progress in regional economic integration. … [Read more...] about 56 per cent of EU businesses plan to expand in ASEAN