January 15 most depressing day

Danang calls for investment in 10 projects in next five years Tien Sa Port in Danang City. The city wants to call for investment in Lien Chieu Port and make the Tien Sa Port the cruise port Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors. The project of building the city subway system will be the largest, with an amount up to VND54.5 trillion. The city wants to call for investment into this massive project under the Public - Private Partnership (PPP) mode. The system will follow two directions. One of them is on the East-West way, connecting the Nam O region in the Northwest, adjacent to Hai Van Pass, going through the downtown area to the An Hai Dong area (My Khe beach). Meanwhile, on the North-South way, the subway will start from the Son Tra Tinh Vien area (in Son Tra peninsula) to the vicinity of Danang airport. … [Read more...] about VIETNAM BUSINESS NEWS MARCH 6

Vietnam has been one of the best-performing global economies for the past 10 years. Photo: Le Toan In December and January, when the country began to be hit by a resurgence of COVID-19, a team of specialists from the ASEAN+3 Macroeconomic Research Office (AMRO), a regional macroeconomic surveillance organisation based in Singapore, held a virtual annual consultation with Vietnamese authorities. The discussions focused on the impact of the pandemic on the Vietnamese economy and policy response in supporting recovery while maintaining stability. “Vietnam’s economic growth slowed to 2.91 per cent in 2020 due to the pandemic but is expected to rise to 7 per cent in 2021,” said AMRO lead specialist Seung Hyun Luke Hong. “The rebound is expected to be underpinned by a recovery in external demand, a resilient domestic economy, capital inflows, and increased production capacity.” According to AMRO, after a sharp drop in the second quarter, economic growth started to rebound in the … [Read more...] about Economy remains on upward track

Loading rice for export at Sai Gon port (Photo: VNA) HCM City (VNA) - Increasing global demand , stable domestic production , and better rice quality count among the reasons Vietnam can be confident its rice exports will prosper again in 2021 and surpass the 3.1 billion USD in revenue posted in 2020, despite a significant decline in the first two months of this year. According to figures from Vietnam Customs , Vietnam earned 192 million USD from shipping nearly 348,000 tonnes of rice overseas in January, down 34.2 percent in value and 36.4 percent in volume against December and 2.4 percent and 15.4 percent, respectively, year-on-year. As the Lunar New Year (Tet) holiday fell in February, the month’s export turnover is expected to be down. Nguyen Van Don, Director of Tien Giang province’s Viet Hung Limited Company, said the beginning of the year is never the peak time for trade, as consumers have already purchased rice for the long holiday period at the end of … [Read more...] about Rice exports to see bright outlook this year

The Hanoitimes - Vital transport projects in Hanoi have been suspended until April 15 with a view to curbing mass gatherings and preventing Covid-19 from spreading. Construction of Hanoi's vital transport projects, including the Nhon - Hanoi Station sky train and the viaduct of Ring Road 2, has been temporarily stopped following the government directive on enhancing social distancing, VnExpress reported. Those works have been suspended until April 15 with a view to curbing mass gatherings and containing the Covid-19 pandemic. A section of the Nhon - Hanoi Station metro project on Kim Ma Street on April 2. Photo: VNE Currently, no workers are seen on the construction site of the Nhon - Hanoi Station sky train but only a dozen of machines which are gathered in one place and covered. Before Hanoi entered social distancing, around a thousand workers and experts were present at the site day and night. After 10 years, the project’s underground sections are still … [Read more...] about Hanoi’s vital transport projects suspended to curb Covid-19 spread

* Globally, as of 9:42am CET, 6 March 2021, there have been 115.478.709 confirmed cases of COVID-19, including 2.568.720 deaths, reported to WHO. As of 6 March 2021, a total of 249.160.837 vaccine doses have been administered. * The Chinese mainland reported no new locally transmitted COVID-19 cases on Friday, the National Health Commission said Saturday. The total number of confirmed COVID-19 cases on the mainland reached 89,962 by Friday, including 173 patients still receiving treatment, including one in severe condition. * Japan extended a state of emergency in the Tokyo area by two weeks to try to combat COVID-19, prompting a "heartfelt apology" by Prime Minister Suga Yoshihide. * Brazil on Friday registered more than 1,600 COVID-19 deaths for the fourth day in a row, reporting 1,800 new deaths and 75,495 new cases in the past 24 hours. Brazil has so far reported a total of 10,869,227 cases with 262,770 deaths, according to official data. * Russia on Saturday reported … [Read more...] about World News in Brief: March 6