Indian defense minister

The opening of the Bac Giang – Lang son expressway project shorten the time of traveling from Hanoi to Lang son from 3.5 hours down to 2.5 hours. (Photo: Viet Hung/VietnamPlus)  - Deputy Prime Minister Trinh Dinh Dung on September 29 afternoon officially ordered the technical opening of the Bac Giang – Lang son expressway project. The Bac Giang – Lang son expressway project officially got the technical opening on September 29 afternoon, shortening the time of traveling from Hanoi to Lang Son from 3.5 hours to about 2.5 hours compared to the old Highway 1. According to Ho Minh Hoang, President of the Deo Ca Group, the Bac Giang – Lang son expressway project was started in 2015. However, investors of that stage were poor in resources and management ability and, as a result, the pace was nearly 2 years slower (by June 2017, the Highway 1 segment was only 13 percent of the output and the expressway segment was not implemented). The top investor of the stage … [Read more...] about Deputy PM orders technical opening of Bac Giang – Lang Son expressway

Deputy Prime Minister Trinh Dinh Dung (R) shakes hands with Russian Ambassador to Vietnam Konstantin Vukov. (Photo: VNA) Hanoi (VNA) – The Vietnamese Government always endorses and creates favourable conditions for Vietnamese and Russian enterprises to boost cooperation, Deputy Prime Minister Trinh Dinh Dung said on December 11. Receiving Russian Ambassador to Vietnam Konstantin Vukov, Deputy PM Dung expressed his hope that a multitude of business and trade initiatives will be carried out between the two sides, helping develop the Vietnam – Russia Comprehensive Strategic Partnership in a deeper and more effective manner. He said he rejoiced at the fruitful partnership, particularly in the fields of economy, trade and investment. Vietnam has become the largest trade partner of Russia in the ASEAN bloc as two-way trade reached 4.5 billion USD in 2018, up 30 percent from the previous year, he said, adding that a wide range of activities have been held during the … [Read more...] about Vietnam facilitates trade with Russian firms: Deputy PM

The map shows the Tuyen Quang-Phu Tho Expressway (blue line). The expressway will be built after three years of delay (Photo: vnexpress.net) Hanoi (VNA) - The Government has approved the construction of an expressway connecting the northern provinces of Tuyen Quang and Phu Tho under the Build-Operate-Transfer (BOT) format after three years of delays. The expressway with 40.2km long, including 11km of road will be built in Tuyen Quang province and the rest in Phu Tho province. It will start in Tuyen Quang province's Tuyen Quang city and end at Phu Tho province's Phu Tho township. The expressway will link with the Noi Bai-Lao Cai Expressway. The four-lane road is designed with the speed of 80kph. The project is implemented under the public-private partnership model with a total investment of more than 3.2 trillion VND (138 million USD). It is expected to meet the increasing transport demand and reduce traffic congestion on the National Highway No. 2, shorten travelling time between … [Read more...] about Government approves Tuyen Quang-Phu Tho expressway project

Illustrative image (Photo: VNA) Hanoi (VNA) – The Transport Ministry disbursed 76 percent of the sum assigned by the Government in 2018, the highest rate recorded in the past three years. The rate was also higher than the national average of 66.35 percent. The figures were announced at a conference held in Hanoi on January 11 to review the ministry’s operation last year and set tasks for 2019. As heard at the function, the ministry disbursed more than 20.24 trillion VND (872.38 million USD) of more than 26.88 trillion VND (1.15 billion USD) it was tasked with in 2018. During the year, the ministry completed 27 projects worth more than 68.11 trillion VND (2.93 billion USD), and began 16 projects worth some 13.38 trillion VND (576.73 million USD). It also prepared for various major projects, including those on building the eastern section of the North-South highway, and the Long Thanh international airport, and on expanding Tan Son Nhat international airport. … [Read more...] about Transport ministry’s 2018 disbursement rate highest in 3 years

A Vietnam National Shipping Lines (Vinalines) cargo ship (Photo: thuonggiaonline.vn) Hanoi (VNA) - Only nine state-owned enterprises (SOEs) were given the green light from the government for their equitisation plans this year, reported the Ministry of Finance (MoF). The progress was still “very slow”, said Dang Quyet Tien, Director of the MoF's Corporate Finance Department, at the ministry’s press conference on the local financial and production situation and the restructuring and equitisation of SOEs in Hanoi on December 10. Tien said though equitisation and divestment had a positive impact on the development of the stock market, improving the performance of firms, the slow progress was “concerning”. Among nine SOEs reported, three were on the list of 128 SOEs required to be equitised by the Prime Minister Nguyen Xuan Phuc in the period from 2016 to 2020. He said since 2016, Vietnam had 168 SOEs approved for equitisation, of which 36 were in the … [Read more...] about Equitisation of SOEs still sees slow progress