Đồng Nai Province will be responsible for Cát Lái Bridge project.— Photo vietnamnet.vn Viet Nam News HCM CITY— The authorities of HCM City and Đồng Nai Province agreed to select Đồng Nai Province as the leader in the Cát Lái Bridge project. The bridge will cross Đồng Nai River and link the city’s District 2 with Nhơn Trạch District in Đồng Nai Province. Approved by Prime Minister Nguyễn Xuân Phúc, the project has been delayed because of a lack of funds. The 4-km long and 55m high Cát Lái Bridge, with six lanes for motor vehicles and three mixed lanes, is expected to ease crowding on Cát Lái Ferry, which is a key link from HCM City to Đồng Nai and Bà Rịa- Vũng Tàu provinces. The Cát Lái Ferry carries an average 40,000 to 45,000 vehicles per day and up to 100,000 vehicles on peak days, according to the … [Read more...] about Đồng Nai Province chosen as leader of Cát Lái Bridge project
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Cao Lanh bridge welcomes around 170,000 people each day
Thanks to a joint funding partnership between the Vietnamese Government, the Australian Government and the Asian Development Bank (ADB), as part of the Central Mekong Delta Region Connectivity Project, each day, an estimated 170,000 people will cross the bridge that is designed with four lanes for vehicles; two for pedestrians and bicycles in both directions. Photo: vietnamnetThe 24.5 meters wide-bridge spans 2.4km across the Tien river, with a further 25.1km of inter-connecting roads. With a maximum speed of 80 kilometers per hour, it is also equipped with modern safety monitoring and surveillance camera systems. Australia’s Foreign Minister the Hon Julie Bishop MP said: “In the years ahead, this bridge will be a crucial driver for development. It will better connect the region, supporting economic growth and food security, demonstrating new technical engineering solutions that can be incorporated into future infrastructure projects. Besides, it will support Vietnam in … [Read more...] about Cao Lanh bridge welcomes around 170,000 people each day
Travellers in awe of majestic Violak pass
VietNamNet Bridge – When talking about Kon Tum, one thinks of the majestic Ngoc Linh mountains, Chu Mom Ray National Park, war-torn battlefields, wooden stilt houses and nha rong (communal houses) of the Ba Na ethnic people with their unique gongs culture.For adventurous travellers, Violak pass is not to be missed. During my trip throughout the central and central highlands areas, I had a chance to experience this impressive scenic pass, which lies 1,300 metres above sea level.I encountered a Hre ethnic person along the way, asking him about Violak, but he was unsure and didn’t know that his neighbourhood possessed such a stunning pass. How the name Violak originated and what it means remain a mystery.My travel mate said it may be the root of a violet flower. This seems to make sense. But as I observe during the highway and the path leading to the pass, there are plenty of wildflowers, but no violet flower.We started from Kon Tum City, passing through the Kon Ray and then … [Read more...] about Travellers in awe of majestic Violak pass
Hanoi nominates two railway investors
VietNamNet Bridge – The Ha Noi People’s Committee has submitted a report to Prime Minister Nguyen Xuan Phuc asking him to allow the Vingroup and T&T Group to compile investment dossiers on three of 10 urban railway projects planned from now until 2025.In July, 2017, the committee announced a list of seven investors that have registered to implement urban railway projects in the capital city.However, only Vingroup and T&T Group have submitted detailed implementation proposals.Vingroup plans to invest in two routes, No 5, from Van Cao to Hoa Lac (38.4km) and No 2 from Tran Hung Dao Street to Thuong Dinh (5.9km).Meanwhile, the T&T Group has proposed that it takes charge of the No 4 route connecting Me Linh, Sai Dong and Lien Ha (54km).All projects are to be implemented under the Build and Transfer (BT) investment model.The two companies have guaranteed to raise capital for pre-feasibility studies, and to voluntarily hand over all records and research reports to the … [Read more...] about Hanoi nominates two railway investors
Charity primary school serves underprivileged
VietNamNet Bridge – At the end of the school day, the students at The Sacred Heart in HCM City often dash home without taking the time to change their uniforms or even take a shower so they can help their parents sell lottery tickets or cassava.The charity school, located in Tan Thong Hoi Commune in the city’s Cu Chi District, was opened in the 1990s by Vietnamese nuns who belong to the Catholic congregation Sisters of Our Lady of the Mission, which is dedicated to helping poor women and children around the world.Around 180 primary school students are taught English, maths, literature and arts in addition to Christian values at the school five days a week. Textbooks and clothes are either bought by the school or donated.The school also pays school fees, books and clothes for 36 students who are now attending public secondary school, and if the students later decide to attend university, Sacred Heart tries to help them find jobs while they study.Because of a limited budget, … [Read more...] about Charity primary school serves underprivileged
Foreign investors covet food market
VietNamNet Bridge - The growth of the Vietnamese food market has made it a magnet for foreign companies. Vietnam is an attractive food market According to the Vietnam Trade Promotion Agency, Vietnam’s annual food consumption accounts for 15 percent of GDP and the amount of food consumed in the first nine months of 2017 was 11.9 percent higher than the same period last year. Vietnam’s annual food consumption accounts for 15 percent of GDP and the amount of food consumed in the first nine months of 2017 was 11.9 percent higher than the same period last year. After a series of M&A deals and the construction of the complex, expected to be completed by 2018, CJ projects revenue of $700 million from the food industry alone. RELATED NEWS Vietnamese manufacturers ‘forget’ food market for Muslims Retailers see great opportunities with street food sales Chi Mai … [Read more...] about Foreign investors covet food market
HCMC students may follow a credit-based education program
VietNamNet Bridge - A credit-based education program will be applied at secondary and high schools in HCMC on a trial basis from the 2019-2020 academic year, if the city’s proposals on an open policy for education receives approval. HCMC wants to apply the credit-based education program The HCMC People’s Committee has sent a report to the NA’s Committee for Culture, Education, the Youth and Children on the Education Law, in which it has made proposals to create an ‘open mechanism’ for HCMC education. Instead of the current 9-month academic year, the city suggested a more flexible timetable like the credit-based system applied at universities. Instead of the current 9-month academic year, the city suggested a more flexible timetable like the credit-based system applied at universities. RELATED NEWS HCM City to develop separate textbooks from 2019 As number of students rises, HCM City hurries to recruit teachers Thanh Mai … [Read more...] about HCMC students may follow a credit-based education program
Scientists apply stem cells to preserve rare animal genes
VietNamNet Bridge - The application of stem cells in agricultural development, especially in the selection and conservation of rare genetic resources, is an important topic in countries with a developed livestock industry. The scientists at the Cell Reprogramming Lab The stem cell technology not only enhances the quality and productivity of plants and animals to meet the need for food, but also creates pharmaceuticals and preserves rare animal genetic resources. The application of stem cells in agricultural development, especially in the selection and conservation of rare genetic resources, is an important topic in countries with a developed livestock industry. To date, the gene sources of domestic and rare animals in Vietnam have been mainly preserved in-situ or ex-situ. However, preserved animal life is limited. RELATED NEWS Stem cells breathe new life into spastic kids Another kind of bank: stem cell deposits save lives Thanh Lich … [Read more...] about Scientists apply stem cells to preserve rare animal genes
Post-Formosa, coastal residents switch to inland farming
VietNamNet Bridge – Nearly two years after the 2016 Formosa toxic spill, fishermen in the coastal province of Quang Tri are slowly returning to the sea or finding alternative livelihoods.Having spent all his life on the water, Nguyen Trung, a middle-aged fisherman of Hai Khê Commune in Hai Lang District, had never thought that the only life he knew would be taken away. The en masse fish deaths caused by the Formosa steel plant in April 2016 upended his family’s life overnight. From a reasonably well-off family in the area, they struggled to make ends meet in the following ten months. Fortunately, by the end of 2016, through the district Farmer’s Union and Women Union, Trung was able to get a preferential loan of VND60 million (US$2640) from the Quang Tri Province Bank for Social Policies (BSP) to repair his boat, buy new fishing tools and start over again. “Offshore fishing has picked up some positive signs recently. The industry is … [Read more...] about Post-Formosa, coastal residents switch to inland farming
The hallmarks of the banking sector in 2017
VietNamNet Bridge - 2017 was a good year for Vietnam’s banking sector with big profits for many banks and a decreased bad debt ratio.1.Vietnam permits bankruptcy in banking sectorThe amended Law on Credit Institutions which takes effect on January 15, 2018 mentions five measures to restructure the credit institutions put under special control, including bankruptcy. To date, bank bankruptcy has never occurred in Vietnam.2. NA releases resolution on bad debt settlement with drastic measuresAfter the resolution was released, VAMC has put many assets into auction to get money to collect debts. The first deal was the sale of Saigon One Tower in district 1, HCMC, to deal with the VND7 trillion worth of debt incurred by a group of clients.Agribank has offered to sell V-Ikor Tower, while Sacombank wants to sell the land use rights in Duc Hoa III IZ.3. SBV releases new circular on lending Since March 15, credit institutions have to follow the new lending policy stipulated in … [Read more...] about The hallmarks of the banking sector in 2017