Why does traffic affect the economy

Dalat has been known as the only city in Vietnam that does not have traffic lights. However, with rising congestion facing the central highlands tourist city recently, authorities have considered installing traffic lights to cope with the situation. Chairman of Lam Dong Provincial People's Committee, Tran Van Hiep, has just asked the local Construction Department to seek opinions from local people, transportation experts, and relevant departments and agencies on the installation of traffic lights at some areas with high-density traffic. According to some transportation experts, Da Lat was previously planned to become a tourist city with low population density. The narrow streets in the city were built along many hills and mountains. At present, the city's population has reached some 250,000, and each year it receives between 4-6 million visitors. Many streets and roads in the city including Tran Phu, Nam Ky Khoi Nghia, Nguyen Thai Hoc, Phan Dinh Phung, and Hai Ba Trung have become … [Read more...] about Dalat finally to introduce traffic lights to ease rising congestion

According to Intel Products Vietnam General Manager Kim Huat Ooi, Intel has invested more than US$1 billion in Vietnam and generated over 5,000 jobs for local workers. Intel’s chip manufacturing facility in Vietnam supplies global markets and the group will continue expanding operations in the Vietnamese market. In fact, Intel chose to invest in Vietnam rather than in China, India and Thailand, due to the stability of its market, preferential policies and adequate infrastructure. … [Read more...] about Vietnam optimistic about growth in first half of 2021

Authorities have provided 15 households in Bách Tùng Diệp Park with wooden furniture, canopies and vending cars free of charge. As the park is located nearby Nam Kỳ Khởi Nghĩa Street and People’s Court of HCM City, the number of visitors is fairly high. … [Read more...] about Food streets improve vendors’ incomes, tidy up neighbourhoods

The office of the People's Committee of HCMC announced that Mr. Nguyen Thanh Phong, Chairman of the municipal People's Committee, approved the policy of reducing 50 percent of stall rentals at city-based traditional markets during the period from July to December 2020 as proposed by the Department of Industry and Trade. This department is assigned to take responsibility and coordinate with the Department of Finance to guide the People's Committees of districts to implement the policy. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16

The last line is the first phase of Metro Line No. 5 (Bảy Hiền intersection – Sài Gòn Bridge), which is nearly 9 kilometres and will cost over $1.7 billion. This line was among the metro lines prioritised for investment in 2012 – 2015 and 2016 – 2020, but was unsuccessful in attracting investment. … [Read more...] about HCM City proposes investment for 7 projects