The Ministry of Transport plans to rush the implementation of the North-South expressway project in 2019, said Minister of Transport Nguyễn Văn Thể.— Photo vietnamfinance.vn HÀ NỘI — The Ministry of Transport plans to rush the implementation of the North-South expressway project in 2019, said Minister of Transport Nguyễn Văn Thể. He said the ministry had approved a feasibility study of 11 sub-projects of the North-South expressway project since October last year and was in the process of selecting consultation firms. “The ministry will manage to disburse half of VNĐ14 trillion ($602 million) raised from bond issuance this year for land clearance work and finish acquisition of all required lands by next year,” Thể told Tuổi Trẻ (Youth) newspaper. The Ministry of Transport (MoT) had opened bidding for the Cao Bồ-Mai Sơn and Cam Lộ-Sơn La stretches. The contractors … [Read more...] about Ministry of Transport to accelerate North-South Expressway project
Ministry of transport
Ministry of Transport warns over sea dyke proposal
Viet Nam News HCM CITY — The Ministry of Transport said that building a sea dyke connecting the coastal regions of Bà Rịa-Vũng Tàu and Tiền Giang Province would disrupt the planning of seaports, inland waterways and coastal transport. Experts have opposed the Gò Công-Vũng Tàu sea dyke, initially proposed by the Ministry of Agriculture and Rural Development, because of its environmental and economic impact. According to the transport ministry, the project will seriously affect sea transport, inland waterway transport, and import and export of goods in the region as well as international transshipment. Meanwhile, the investment of the sea dyke has not been effective, the ministry said, adding that the land fund for the Build-Transfer (BT) project has not been identified. According to the ministry, the sea dyke would have only small economic benefits in agriculture and aquaculture, and could cause severe losses to the economy and … [Read more...] about Ministry of Transport warns over sea dyke proposal
Ministry of Finance tops Vietnam ICT Index for six consecutive years
Ministry of Finance's headquarters. The ministry has topped Vietnam ICT Index for six consecutive years. (Photo: VNA) Hanoi (VNA) – The Ministry of Finance has topped 19 governmental agencies with public services in the Vietnam ICT Index for six years in a row after earning 0.926 points this year. The ministry ranks first in ICT human infrastructure (1.000 points), ICT applications (0.900), and internal ICT applications (1.000 points). It is followed by the Vietnam Social Security, the State Bank of Vietnam and the Ministry of Information and Communications. The last three positions are taken by the Ministry of Transport, the Ministry of Environment and Natural Resources and the Government Inspectorate. Over recent years, the Ministry of Finance has taken many steps to apply information technology across its divisions in an effort to catch up with Industry 4.0. It has deployed Big Data Analytics and started to use social media and mobile technology to delivery public … [Read more...] about Ministry of Finance tops Vietnam ICT Index for six consecutive years
Ministry of Transport registers to buy 164.7 million shares of Vietnam Airlines
The transaction will be made on July 30-31 when the share issue is completed. — Photo vneconomictimes.vnViet Nam News HÀ NỘI — The Ministry of Transport (MoT) has registered to buy 164.73 million shares of Vietnam Airlines, a move which will maintain its holding in the national flag carrier at 86.16 per cent. This is part of Vietnam Airlines’ additional share issue of 191.19 million shares, equivalent to nearly 15.58 per cent of its capital, to existing shareholders at the price of VNĐ10,000 per share. The transaction will be made on July 30-31 when the share issue is completed. According to the Viet Capital Securities Company, the Ministry of Transport will pay Vietnam Airlines VNĐ578.4 billion in cash to buy 57.8 million new shares, while the remaining 106.9 million shares will be financed by the corporate reorganisation fund on the balance sheet of Vietnam Airlines which is owned by the ministry. Earlier, MoT registered to sell 371.53 … [Read more...] about Ministry of Transport registers to buy 164.7 million shares of Vietnam Airlines
Two road projects cancelled by Ministry of Transport
The Ministry of Transport has decided to cancel two national highway projects, including the projects on upgrade work to the Chợ Mới-Bắc Kạn National Highway and the new National Highway 3 (Hà Nội – Thái Nguyên).– Photo vov.vn HÀ NỘI – The Ministry of Transport has decided to cancel two national highway projects. The projects include upgrade work to the Chợ Mới-Bắc Kạn National Highway and the new National Highway 3 (Hà Nội – Thái Nguyên). The cancellation of the Chợ Mới-Bắc Kạn National Highway, invested under the build-operate-transfer (BOT) model, was due to problems in financial mobilisation, loan interest payments and maintenance. The Chợ Mới-Bắc Kạn stretch was intended to be part of National Highway 3. The Ministry of Planning and Investment had asked the Ministry of Transport to explain why the … [Read more...] about Two road projects cancelled by Ministry of Transport
Symbol of transportation at Dong Loc junction built
The iconic column was built on the old foundation, at the intersection of three roads of Lac Thien - Dong Loc, Khe Giao - Dong Loc, Ba Giang - Dong Loc. The building is made of monolithic materials in white and blue. In addition, there are auxiliary items and other technical infrastructure, lighting system, introductions and captions ... The architect on the symbol of the transportation that was built from 1992 has deteriorated. Therefore, Ha Tinh province has called for the socialization of the work and with the support of the Ministry of Transport, Vietinbank and other organizations and individuals, the provincial authorities has collected the amount of over VND 4.4 billion. Thus, the construction was started on May 18, 2018 and was assigned to the Department of Transport of Ha Tinh province as the investor. The iconic symbol of transportation was built in order to honor the heroic victories of officers and soldiers on the transport front in the war against US imperialist and Saigon … [Read more...] about Symbol of transportation at Dong Loc junction built
Ministry of Transport cuts, simplifies 348 business conditions
Photo for illustration. (Source: baomoi.com)Accordingly, the airline sector cuts and simplifies the most conditions with 74.36% of the total, followed by railway (73.08%), road (68.5%), waterway (67.34%), maritime (65.08%), business of multi-mode transport services and dangerous goods transport (61.74%) and road registration (61.43%). The Ministry’s agencies and units should base on the plan to rapidly carry out drafting legal documents to submit to the Government for promulgation before October 30th, 2018. The process of drafting amended or replaced legal documents should be continuously study, acquire and receive feedback of enterprises; ensuring reduction and simplification, not more conditions that cause difficulties for enterprises./. BTA … [Read more...] about Ministry of Transport cuts, simplifies 348 business conditions
Ministries of Transport, Agriculture and Rural Development launch administrative procedure reform
Illustration photo The aviation sector takes the lead with the proportion of simplified conditions up to 74.36%. It was followed by railways 73.08%, roads 68.5%, waterways 67.34%, shipping 65.08%, motor vehicle registration 61.43% and multimodal transport service and carriage of dangerous goods 61.74%. The simplification of administrative procedures is aimed to tackle barriers and difficulties for businesses. The Ministry of Agriculture and Rural Development (MARD) has planned to eliminate and simplify 241 business investment conditions among 345 ones, equal to 69.8%, said head of Legislation Department Nguyen Thi Kim Anh. The information was released at a conference on reviewing business and investment conditions in agriculture on April 18 in Ha Noi. These up-coming eliminated and simplified conditions focus on such areas as veterinary, animal feed, plant protection and quarantine, quality control and genetically modified products. In the upcoming time, the ministry will gather … [Read more...] about Ministries of Transport, Agriculture and Rural Development launch administrative procedure reform
Ministry tightens management of transport businesses
An Uber driver uses the app during a trip in Hanoi. (Source: VNA) Hanoi (VNA) - The Ministry of Transport (MoT) and the General Department of Vietnam Roads are currently planning amendments to Decree 86 issued in 2014, focusing on business condition reviews for transport firms. Tran Bao Ngoc, Director of the ministry’s Transportation Department, said in an early March meeting that the new decree’s main objective was to better manage transport businesses using software. The move comes after a February announcement from the Hanoi Department of Transportation, stating that Uber and Grab must cease employing new drivers, and “temper operations” until a definite administrative framework was constructed. The MoT’s actions were welcomed by national taxi associations of Hanoi, HCM City and Da Nang, claiming on their official site on March 16 that with the two-year pilot period ending in January 2018, the ministry’s prolonged … [Read more...] about Ministry tightens management of transport businesses
USD24 million to support the development of transport projects in Vietnam
“Australia has a long history of supporting development of the transport sector in Vietnam. Starting with the original “Friendship bridge” at My Thuan in 2001, the first cable stayed bridge in Vietnam, and now with the Cao Lanh bridge, which we expect will open in the coming months”, said Mr Craig Chittick, Australian Ambassador to Vietnam, It marks a new era in Australia’s assistance by working with Vietnam to ensure its bankable projects attract international finance and make it to implementation more quickly.Mr Nguyen Van The, Minister of Transport (left) and Mr Craig Chittick Australian Ambassador to Vietnam at the signing ceremony of the agreement to launch Aus4Transport in Vietnam. (Photo: Australian Embassy Hanoi)Aus4Transport, a great example of Australia’s economic partnership with Vietnam in action, will provide funding and expertise to develop new transport projects from the concept stage, up to the start of construction. Besides, it … [Read more...] about USD24 million to support the development of transport projects in Vietnam