Want to be in the loop?
subscribe to
our notification
Business News
TRANSPORT MINISTRY TO SPEED UP PROJECTS IN 2018
The Ministry of Transport’s main task this year is to speed up transport projects, Deputy Minister Nguyễn Ngọc Đông said on Thursday. He was speaking at a meeting to review 2017 and set goals for 2018.
Đông said that last year, 22 new transport projects were completed and became operational. The ministry also started another 12 projects.
Its agencies also studied key projects, including pre-feasibility investment reports for parts of the eastern North-South Expressway over the next two years. It also did feasibility reports on land clearance, compensation and resettlement for the Long Thành International Airport Project.
The ministry has also reviewed planning and options for the expansion of Tân Sơn Nhất International Airport and completed a scheme to select consultants for the North-South express railway, which has received assistance from Japan.
“This year, the ministry will continue urging investors to speed up transport projects, particularly key projects and those that receive proper funding,” Đông said.
He said that the ministry also wanted to speed up urban railway projects, especially the Cát Linh- Hà Đông Urban Railway in Hà Nội which is scheduled to open this year.
Work on the eastern North-South Expressway, Long Thành airport project or express railway would be closely supervised, Đông said, adding that any problems arising during the project implementation would be reported to the Government and National Assembly for timely address.
Road projects under Build-Operation-Transfer (BOT) contracts were the subject of much public concern last year because of drivers’ protests about high toll fees.
Deputy Minister Đông said that last year, the ministry examined and approved financial reports of 55 road projects under BOT and Build-Transfer (BT) contracts. The examination provided the cost of the projects, based on which toll fees and toll collecting terms were set.
Last year, toll fees at 35 toll stations on BOT roads were reduced after the Government passed resolution No 35/NQ-CP on assisting and developing business.
During the year, about 20,080 traffic accidents were reported, killing 8,280 people and injuring more than 17,000 people. Compared to 2016, the number of traffic accidents fell about 7 per cent, the number of deaths fell 4.67 per cent and the number of those injured fell 11.62 per cent.
This year, the transport ministry will continue to boost information on traffic laws to raise public awareness. It will also take stronger actions to curb speeding, drunk driving, and overloaded vehicles.
Addressing the meeting, Deputy Prime Minister Trịnh Đình Dũng praised the contributions of the transport sector to national socio-economic development last year.
However, there remained problems to solve, such as traffic jams, traffic accidents, toll fees at BOT projects, high transport costs and the imbalance among means of transport, especially the sluggish uses of railways, which put high pressure on roads, Dũng said.
Source: VIR
Related News
CAR IMPORTS INCREASE 37.5 PER CENT IN 10 MONTHS
Việt Nam mainly imported cars from Indonesia, with 57,963 units imported so far this year (19,569 units higher than over the same period last year). Imports also came from Thailand, with 54,481 units (7,535 units higher than last year) and China, with 24,613 units (16,112 more than last year).
HAIPHONG TARGETS US$4 BILLION IN FDI FOR 2024
Haiphong recently approved 12 new projects in its economic and industrial zones, valued at a combined US$1.8 billion. This brings the total FDI in these zones to US$3.5 billion as of November, surpassing the city’s annual target by 40%.
FOREIGN INVESTORS FLOCKING TO SOUTHERN REGION
Foreign investors are actively calling on southern localities in the final months of 2024 to explore investment opportunities. On November 7, over 40 German businesses arrived in the southern province of Dong Nai to evaluate investment prospects in the area.
IMPROVING THE EFFECTIVENESS OF SOCIAL POLICY CREDIT
Following a decade of implementation, social policy credit is expected to enter a new phase of development to achieve higher efficiency for the sake of society and the community. On behalf of the Party Central Secretariat, on October 30, Standing Member of the Party Secretariat Tran Cam Tu signed a directive to improve the efficiency of social policy credit.
VIETNAMESE ENTERPRISES GRAPPLE WITH CHALLENGES IN Q3
In many sectors, businesses acknowledged that simply breaking even was an accomplishment this year. A prominent example is Nam Sông Hậu Trading Investment Petroleum JSC, once a leading fuel distributor in the Mekong Delta.
GLOBAL SOURCING FAIR VIETNAM 2025
Global Sourcing Fair Vietnam 2025, held from 24-26 April at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, is the must-attend international expo for sourcing Fashion & Accessories and Home & Gifts