According to the national railway development strategy, the industry is estimated to require VND110 trillion ($4.78 billion) by 2030 to revamp the existing network. With the limited state budget, calling for private investment is a priority. VNR is betting on its new restructuring plan which is set to be approved by the government in the near future, in which it plans to dump its monopoly in cargo transport by divesting stake in cargo transport. Moreover, it also hopes that the master plan on management, use, and operation of national railway infrastructure in line with 2018’s Decree No. 46/2018/ND-CP dated March 14, 2018 on management, use and operation of national railway infrastructure will be soon approved. This would enable the group to take the initiative with its investment plans and to be looked upon more favourably when calling for private investment in upgrading stations and logistics facilities, as well as developing stations that enjoy commercial advantages. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
200 million credit card scheme
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, but is the world?
An avocado orchard in Ba Ria – Vung Tau Province’s Chau Duc District. — VNA/VNS Photo Hoang Nhi In Ben Tre and Tien Giang provinces in the Cuu Long (Mekong) Delta, which have large areas under durian, farmers have been plagued this season by drought and severe saltwater intrusion. … [Read more...] about Southern fruit farmers plagued by poor harvest, low prices
The bonds are issued under the book building method and based on the consultation and arrangement of Standard Chartered Bank, BNP Paribas, and J.P. Morgan. The bonds are issued on the international market, that is, investors outside of US territory in line with Regulation S of the US Securities Act of 1993 (amended) and listed at the Stock Exchange of Singapore. … [Read more...] about VPBank to drop foreign ownership limit from 23 to 15 per cent
In early May, when the pandemic was brought under control, Quang Ninh launched a campaign to stimulate the local tourism sector, with the provincial People’s Council approving a tourism promotion program for 2020 worth about VND 200 billion (USD 8.6 million). … [Read more...] about Quang Ninh: Tourism promotion efforts pay off