HCMC-Long Thanh-Dau Giay Expressway toll collection probedBy Le Anh Long Phuoc Tollgate on the HCMC-Long Thanh-Dau Giay Expressway - PHOTO: LE ANH HCMC - The Directorate for Roads of Vietnam today, February 18, launched a five-day inspection into toll collection activities at the tollgates of HCMC-Long Thanh-Dau Giay Expressway. Nguyen Van Huyen, head of the Directorate for Roads of Vietnam, noted that the inspection team included officials from the directorate’s Departments of Inspection and Legislation, Finance, Science and Technology, and Environment and International Cooperation. The directorate also asked for the coordination of the Investigative Police Agency, under the Ministry of Public Security. The move comes after two armed robbers stormed a toll station in Dong Nai Province’s Thong Nhat District on the HCMC-Long Thanh-Dau Giay Expressway and fled with VND2.2 billion early this month. The large amount of money has raised questions about the … [Read more...] about HCMC-Long Thanh-Dau Giay Expressway toll collection probed
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Nam Long acquires 70 per cent stake at Waterfront City from Keppel
Nam Long Investment Corporation has recently announced the acquisition of a 70 per cent stake in Dong Nai Waterfront City Limited Company from Portsville Pte., Ltd., a subsidiary of Singapore’s Keppel Corporation. Dong Nai Waterfront City has been licensed to develop a township of the same name in Dong Nai province, and the VND2.3 trillion ($100 million) acquisition will see Nam Long develop a 170-hectare plot in the project. Waterfront City has easy to access inter-regional arterial roads and many public facilities A Nam Long spokesperson said the Dong Nai Waterfront City project has received the decision on land allocation, approval for its 1/500 planning, and the land use rights certificate for more than 170 hectares, and has paid the land use fees. The project is expected to be built in 2019-2025 at a cost of VND9.2 trillion ($400 million). When finished, the township will have more than 4,000 villas and 3,000 apartments, as well as a range of commercial facilities. … [Read more...] about Nam Long acquires 70 per cent stake at Waterfront City from Keppel
Deputy PM asks for prompt preparations for Long Thanh airport project
An overview of the meeting (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung has asked for the feasibility report on the Long Thanh International Airport project to be completed and submitted soon so that it can be considered by the National Assembly in late 2019, ensuring that the construction of the project starts in 2020 as scheduled. The Deputy PM addressed a meeting in Hanoi on February 12 on the results of the feasibility study for the first phase project, which was jointly carried out by the Airports Corporation of Vietnam and a joint venture comprising of firms from Japan, France and Vietnam (JFV) from June 2018. On June 2, 2018, the JFV signed a contract with Heerim Architects and Planners on the designing of the airport’s terminals. According to the consultation agency, detailed designs of the project will largely be completed by April 2019. Connectivity methods and investment plans were also proposed. Deputy PM Dung recognised the efforts of … [Read more...] about Deputy PM asks for prompt preparations for Long Thanh airport project
Vietnamese firm seeks main investor status in Long Thanh airport
ACV, which operates 21 airports in the country, has proposed that it contributes more than a quarter of the $5.4 billion needed to build the new Long Thanh International Airport. Lai Xuan Thanh, chairman of ACV, said that the corporation is ready to contribute $1-1.5 billion needed for the first phase of the mega airport to be built in Dong Nai Province, neighboring HCMC. In a proposal to the Ministry of Transport, ACV has said that its initial contribution will be used for major components of the airport including the terminal, runways, parking lots and cargo areas, worth a total of $3.77 billion, according to the Vietnamese government’s website. The airport operator is currently working with the Ministry of Transport and Dong Nai authorities on acquiring about 1,800 hectares for the first phase of the airport. Most of the targeted area is now covered by plantations belonging to the Dong Nai Rubber Corporation where 200 families reside. The Ministry of Transport has asked the … [Read more...] about Vietnamese firm seeks main investor status in Long Thanh airport
Two suspects in robbery on HCMC-Long Thanh-Dau Giay Expy identified
Two suspects in robbery on HCMC-Long Thanh-Dau Giay Expy identified The Saigon Times Daily An image captured from video footage shows that two robbers are threatening a staff member of the toll station – PHOTO: VNA HCMC - The police of Dong Nai Province on February 7 said they have identified two suspected robbers who had stormed into a toll station in the province’s Thong Nhat District of the HCMC-Long Thanh-Dau Giay Expressway, the local media reported. A suspected robber is N.T.A, 25, an ex-employee of Long Phuoc tollgate of the HCMC-Long Thanh-Dau Giay Expressway, which is managed by Vietnam Expressway Services Engineering JSC (VECE). The other used to work for VECE as well. VECE deputy director Nguyen Thi Hoai Phuong confirmed the robbery to the local media, adding that the two robbers had got away with VND2.2 billion. According to witnesses at the toll station, the two robbers had used a knife and a gun to browbeat them and even attacked employees of the … [Read more...] about Two suspects in robbery on HCMC-Long Thanh-Dau Giay Expy identified
Lawmakers back Long Thanh airport project
Lawmakers back Long Thanh airport projectVan Ly By Van Ly - The Saigon Times Daily HANOI – During a debate at the ongoing sitting of the National Assembly (NA) last Friday, most NA deputies threw support behind the controversial Long Thanh Airport project but told the Government to carefully weigh it and clarify many issues. An urgent project Deputy Nguyen Phi Thuong of Hanoi said the big-ticket plan to build Long Thanh airport on 5,000 hectares is not only necessary but also urgent as Vietnam, having a large population and integrating deeply into the global economy, is without a major international airport. Besides, an international airport in Dong Nai Province, which borders HCMC, will deliver efficiency given sufficient transport infrastructure like HCMC-Long Thanh-Dau Giay Expressway and Ben Luc-Long Thanh Expressway which are underway. The project, which will require an estimated US$18.7 billion, of which around US$7.8 billion will be spent on first one that will be complete … [Read more...] about Lawmakers back Long Thanh airport project
Long Thanh airport designs unveiled
Long Thanh airport designs unveiledLe Anh HCMC – The council responsible for deciding architecture for the passenger terminal of the Long Thanh International Airport project has selected three designs with the highest scores to seek public comment. The three designs, chosen from nine entries, were made by reputable and experienced consultants that have got involved in some of the major airport terminals in the world, says the Airports Corporation of Vietnam (ACV). Council members said all the design plans met the basic criteria set out by the council. Some even display an innovative concept of architecture. The Ministry of Transport will display the three winning designs to gather feedback from citizens nationwide. Below are the three winning designs: Like a lotus, the terminal is designed by South Korea’s Heerim Architects & Planners Co. It is dotted with light boxes, breaking the monotony of the roof. The outdoor parking lot and the rooftop are utilized as a green … [Read more...] about Long Thanh airport designs unveiled
NA committee wants Long Thanh airport project fast-tracked
NA committee wants Long Thanh airport project fast-trackedTu Hoang HANOI – The National Assembly Economic Committee has given the green light to the Government to fast-track work on the massive Long Thanh International Airport project in Dong Nai Province. The committee has agreed to separate site clearance, compensation and resettlement from the airport project and treat them as sub-projects, thus clearing a major technical obstacle to the project. The committee said site clearance and compensation for affected families would take a long time to complete, so the project will certainly be two or three years behind schedule if it waits for the legislature to approve the feasibility study, probably in 2019. Site clearance, compensation and resettlement costs in the Long Thanh International Airport project are estimated at VND23,000 billion (over US$1 billion). However, the amount allocated for these components in the medium-term public investment plan for the 2016-2020 period of … [Read more...] about NA committee wants Long Thanh airport project fast-tracked
Defendants in notorious PVC trial are proposed sentences of long-term imprisonment
The sentences proposed for all defendants are as follows:1. Dinh La Thang (former chairman of PetroVietnam’s Board of Directors): 14-15 years of imprisonment.2. Trinh Xuan Thanh (former chairman of the Board of Directors and general director of PetroVietnam Construction JSC - PVC): 13-14 years of imprisonment for “intentionally violating state regulations on economic management and causing serious consequences” and life imprisonment for “asset embezzlement.” Altogether, the Procuracy proposed sentence of life imprisonment to him.3. Phung Dinh Thuc (former general director of PetroVietnam): 12-13 years of imprisonment.4. Nguyen Quoc Khanh (former deputy general director of PetroVietnam): 10-11 years of imprisonment.5. Nguyen Xuan Son (former deputy general director of PetroVietnam): 10-11 years of imprisonment.6. Vu Duc Thuan (former general director of PVC): 8-9 years of imprisonment for intentionally violating state … [Read more...] about Defendants in notorious PVC trial are proposed sentences of long-term imprisonment
Bac Kan Industrial Park Infrastructure Development Company: Short-term Challenges, Long-term Prospects
Over 10 years of development since its inception, Bac Kan Industrial Park Infrastructure Development Joint Stock Company has encountered numerous difficulties, mostly due to the inefficient operation of enterprises at Thanh Binh Industrial Park. Despite that, with the spirit of unity and continuous efforts, the company has always been ready to accomplish all tasks and meet the requirements of investors. However, there are also huge potential, advantages and a bright prospect for enterprises at Thanh Binh Industrial Park to develop. These are the opinions of Mr La Dinh Chinh, Director of Bac Kan Industrial Park Infrastructure Development Joint Stock Company. Duy Anh reports. Could you share your opinions on the operation of the company over the last time? During the past 10 years, our company has completed phase 1 of the infrastructure of Thanh Binh Industrial Park, which has been put into operation since 2012 with the approved plan of 73.5 ha, constructing the floor area of 62.3 … [Read more...] about Bac Kan Industrial Park Infrastructure Development Company: Short-term Challenges, Long-term Prospects