Deputy Prime Minister Trinh Dinh Dung said Thursday the State Appraisal Council should "carefully consider the necessity of the project, its benefit to the country in terms of economy, politics, culture, society, environment, security, and defense." The high-speed rail, which would run 1,559 kilometers (970 miles) between Hanoi and Ho Chi Minh City, "is of large scale and would cost a lot and so should be carefully studied to make sure it will achieve general consensus," he was quoted as saying in a statement released by the Government Office. The council should also assess the affordability of the project considering Vietnam also needs to invest in other major traffic projects from now until 2030. The Ministry of Transport has been tasked with collecting opinions from experts, scientists, organizations and the public, and study the experience of other countries that have built or plans for high-speed rail. Dung said the project involves sophisticated technologies, runs through as many … [Read more...] about Vietnam to step back and take relook at high-speed rail
Step does not take a single required parameter
Viet Nam News HÀ NỘI — Last week’s share ‘fire sale’ may have ended trading on a positive note, but analysts have warned the single gaining session does not mean the market’s downtrend has stopped. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange climbed 0.31 per cent to end last week at 880.90 points. It declined 1.3 per cent last week. A similar scenario was also seen on the northern market. On the Hà Nội Stock Exchange, the HNX-Index gained 0.32 per cent to end last week at 100.85 points. It has decreased 3.25 per cent on a weekly basis. An average of more than 185 million shares was traded in each session last week on the two exchanges, worth VNĐ3.2 trillion (US$139 million). The market suffered strong selling pressure last week but positive signs appeared at the weekend as strong bottom fishing demand helped VN-Index end the trading week with a rally. “Just a rebound session is not enough to … [Read more...] about A single rally session doesn’t mean immediate recovery
The Hanoitimes - Vietnam gives top priority to macro-economic stability and bolstering the resilience of the banking sector against economic shocks. The Vietnamese government does not intend to depreciate the Vietnamese dong (VND) as a means to support exports and ease inflation, Deputy Prime Minister Vuong Dinh Hue has said. Deputy Prime Minister Vuong Dinh Hue. Source: VGP. Vietnam gives top priority to stabilizing macro-economic conditions and bolstering the resilience of the banking sector against economic shocks, Hue said at a hearing held by the National Assembly on October 27. However, the high level of openness of the Vietnamese economy (the sum of exports and imports in as per GDP is around 200%), coupled with global uncertainties such as the US FED's policy of interest rate hikes, could put more pressure on the government's macroeconomic management. Over the last three years, the Vietnamese economy has transformed positively in terms of growth … [Read more...] about Vietnam does not intend to depreciate VND to boost exports: Deputy PM
Viet Nam News MADRID — Spanish rescue services said on Tuesday they had plucked nearly 500 migrants from the Mediterranean in a single day who were trying to reach the country’s coast. The Spanish Maritime Safety Agency said on Twitter that it had picked up a total of 484 people in 30 makeshift vessels in the Strait of Gibraltar and Alboran Sea, which separate Spain from Morocco. According to a count by the International Organisation for Migration (IOM), some 18,653 migrants reached Spanish shores between the beginning of the year and July 18. They are mainly from sub-Saharan Africa -- notably Guinea, Mali and Mauritania -- as well as Morocco. At least 294 migrants have died in their attempts to reach Spain this year, out of a total of 1,489 who died in the Mediterranean, according to IOM. In June Spain agreed to take in 630 migrants who arrived aboard three vessels, including the French NGO rescue ship Aquarius. The Aquarius rescued the migrants off Libya’s … [Read more...] about Spain rescues nearly 500 migrants at sea in a single day
Viet Nam News by Nguyễn Khánh Chi A recent lunch date with my old friends from university turned into a stirring round-table discussion when one friend proposed that we all make a plan to travel together. As we envisioned a change of pace, time together and the chance to explore, everyone seemed excited—but one woman looked a bit concerned. “Does that mean we leave our kids and husband at home?” she asked in a low voice. “Yes!” “Yep!” “Why not?” the others jumped in. Vietnamese traditional family values dating back to the feudal period stipulate that housework is women’s responsibility. This view is a double-edged sword. On the one hand, it leads to celebrations of Vietnamese women’s dedication and hard work for their families. On the other, it punishes Vietnamese women who dare to assert some purpose or passion in life outside of their home. The persistence of this view makes it hard for many women to … [Read more...] about Women take a break from family for travel: Why not?