Road infrastructure projects

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

Terminal 5 and 6 will meet direct export-import needs to the European and American markets Investment capital for the project is VND6.425 trillion ($279.35 million), 15 per cent of which will be equity while the remaining 85 per cent will come from loans and other sources. The project will be separated into two phases, with the first one (VND6.073 trillion [$264 million]) lasting from 2020 to 2025, and the VND352.23 billion ($15.3 million) second one from 2030 until after 2030. Terminals 5 and 6 will be 375m long each and be able to receive vessels of 100,000DWT. It is being invested by HATECO Group JSC and will operate for 70 years. The construction of phase 1 is expected to take four years from the approval of the decision on investment policy, while phase 2 is expected to be built within one year. The two terminals are going to facilitate goods export and import from the north directly to the European and American markets. Additionally, it also contributes to the … [Read more...] about Build up terminals 5 and 6 of Haiphong’s Lach Huyen Port

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 reports most impressive growth in financial services regionally, particularly in the banking sector Global equity investment shed 13.1 per cent in the total number of transactions and plunged 33.8 per cent in total transaction value in the first half last year, compared to the corresponding period in 2019. Within the ASEAN-5 and Vietnam, equity transactions were slowing down last year compared to a robust 2019. The number of transactions dropped from 230 cases in the second half of 2019 to 200 cases in the first six months of 2020, meanwhile, the transaction value was curtailed by more than half, from $9.15 billion to just $4.3 billion. Amid chaos and uncertainties due to the coronavirus pandemic, Vietnam’s equity investment market has set a record with 59 transactions valued at $1.14 billion, a slight increase compared to 2019. Technology has maintained its growth momentum setting a five-year record in the number of transactions. Investments have channelled into … [Read more...] about Equity investment in Vietnam reaches new peak

The commune, with thousands of hectares of terraced rice fields and topped with the “grey hat” of Chieu Lau Thi Peak, is considered the capital of the Red Dao ethnic group, which numbers about 450,000 people in Vietnam alone. The area is also the starting point for the Chay River, which runs like a giant snake through the mountains and forests. It takes half a day riding on motorbikes to reach Tan Phong village in Ho Thau commune from Thong Nguyen commune through a 35km distance of terraced fields, forests and grass fields surrounding other Red Dao villages, Nam Khoa, and Nam Ai. Then we feasted our eyes on the green mountain forests surrounding yellow terraced rice fields shining in the sun. Our rest was marked by relaxing talks with local farmers, who were busy harvesting their fields. After long hours of bumpy travel, we finally had lunch in a homestay in Tan Phong village, which had a spectacular view over a valley. Truong Cong Dinh, chairman of Ho Thau Commune, said the … [Read more...] about Red Dao ‘capital’ is mountain wonderland