Hanoi (VNS/VNA) - The Vietnam Railway Corporation (VNR) faces the most difficult period in its history due to the COVID-19 pandemic and flooding in central Vietnam, according to VNR chairman Vu Anh Minh. The corporation expects to record a loss of about 2 trillion VND (85 million USD) this year while it gained a profit of 182 billion VND in 2019. Its consolidated revenue this year is estimated at 6.5 billion VND, just 77 percent of the figure last year. According to the VNR report on production and business, in the first nine months of this year, cargo volume was estimated at more than 3.6 million tonnes or 99 percent of the same period of last year. The railway served about 3 million passengers, a reduction of 54.3 percent year-on-year. Therefore, its revenue in the first nine months decreased by 34.2 percent to 2.27 trillion VND. The railway industry faces increasing competition from other means of modern transport such as aviation, while the railway sector is … [Read more...] about Vietnam Railway Corporation braces for 85 million USD loss
Vietnam lao cai
What Vietnam can do to escape the pandemic morass
Renewable energy is a global trend, and Vietnam has a great potential to produce solar and wind power. However, private firms struggle when they have produced solar power but cannot connect it to the national grid. Besides, the policy on electricity prices has always been unstable and changed frequently and related state documents are often slow in coming, giving no time for businesses to prepare themselves. These factors have hindered the development of the renewable energy sector in Vietnam. … [Read more...] about What Vietnam can do to escape the pandemic morass
Vietnam’s Corona Casino generates $30 million in first half of 2020
Despite the COVID-19 pandemic wreaking havoc on the local economy, Corona Casino on Phu Quoc Island off southern Vietnam managed to rake in around VND700 billion (US$30 million) in revenue between January and June, inclusive of ticket sales to Vietnamese guests, according to the Ministry of Finance. … [Read more...] about Vietnam’s Corona Casino generates $30 million in first half of 2020
Visitors flock to Sa Pa to join Korean Culture Day
In recent years, Korean Cultural Days have been held in the central city of Da Nang, Hoi An town in the central province of Quang Nam, coastal Nha Trang city in Khanh Hoa province, and Da Lat city in the Central Highlands province of Lam Dong. … [Read more...] about Visitors flock to Sa Pa to join Korean Culture Day
Heavy rain triggered flooding leaves 13 dead and missing in Central Vietnam
Last but not least, evacuation is needed in deeply submerged areas. Coerced evacuation must be conducted in case that people refuse to move. Maintenance and rescue work must be carried out to find missing people and local authorities should pay visits to family members of dead people. Evacuated people must be provided with food, clothes and safe shelters. … [Read more...] about Heavy rain triggered flooding leaves 13 dead and missing in Central Vietnam
