By Phuoc Tuan October 9, 2020 | 08:31 pm GMT+7 VNExpressAn intersection between the Ho Chi Minh City – Long Thanh – Dau Giay Expressway with the National Highway 1A in Thong Nhat District, Dong Nai Province. Photo by VnExpress/Phuoc Tuan.
A VND18 trillion ($777 million) expressway is proposed to be built between the southern province of Dong Nai and Lam Dong in the Central Highlands.
The 67-kilometer expressway will have four lanes and allow vehicles to travel at up to 80 kilometers per hour, according to a pre-feasibility report drawn up by the Ministry of Transport’s Thang Long Project Management Unit.
Minister of Planning and Investment Nguyen Chi Dung has urged localities in the south-east and Mekong Delta regions to develop transport infrastructure by diversifying the sources of and effectively using capital over the next five years.
Vam Cong Bridge across Hau River in the Mekong Delta. VNA/VNS Photo
Speaking at a conference on socio-economic development in the two regions, he called on them to lay out their objectives and priorities for public investment in 2021-25 to ensure “focused and effective investment.”
In recent years both Hanoi and HCM City have undergone rapid development, with many skyscrapers, immense boulevards, and impressive public works taking shape.
Let’s take a look at the amazing architectural feats of the nation’s two largest cities:
Ba Dinh Square, the country’s largest square, is located on Hung Vuong street directly in front of the Ho Chi Minh Mausoleum. The site is the place where President Ho Chi Minh proclaimed the Declaration of Independence on September 2, 1945, therefore marking the start of the Democratic Republic of Vietnam.
Vietnam’s prime minister has approved a proposal by the Ministry of Planning and Investment and the Ministry of Finance to construct a key road in the Mekong Delta using official development assistance (ODA) loans from South Korea.
The Hanoitimes– All five sub-projects under the North-South Expressway project would be operated under the PPP mechanism, scheduled to commence in early 2021.
Vietnam’s Ministry of Transport (MoT) today [July 16] issued bidding documents for five sub-components under the North-South Expressway project, local media reported.
Vietnam transport ministry launches call for tender for North-South Expressway.
Vice Minister of Transport Nguyen Nhat said bidders would have two months to prepare for their tenders and submit the documents in September, adding the evaluation process is scheduled to complete by December.
Additionally, bidders would have six months to mobilize capital for these projects worth a combined VND22.35 trillion (US$961.28 million), which is a condition for contract award if their bids are accepted, stated Nhat.
TTO – Cao tốc Bến Lức – Long Thành kết nối các tỉnh miền Đông và miền Tây Nam Bộ vẫn chưa thôi lận đận sau 2 năm trễ hạn. Vốn vay không kịp nhận hết, dự án phát sinh nhiều khiếu nại, nợ nần và đường chưa biết bao giờ mới xong!
A Vietnam Airlines aircraft at Noi Bai International Airport in Hanoi. Photo by Shutterstock/Cesare Palma.
Vietnam Airlines is seeking an urgent VND12 trillion ($518 million) bailout from the government as the coronavirus continues to hit its revenues.
It is likely to report a loss of VND13 trillion ($561 million) this year, with revenues falling by half from last year to around VND50 trillion ($2.2 billion), CEO Duong Tri Thanh said at a meeting on Monday.
It has stopped all regular international flights since April when it operated only four domestic flights a day on average.
In June the number of passengers rose to 84 percent of the number a year earlier. “Since 1975 there has never been fewer flights in Vietnam’s skies,” he said, referring to the year the Vietnam War ended.
He expected the domestic market to recover to pre-pandemic levels only by the end of 2021, and the international market a year later.
Government advisors said at the meeting that other options to rescue the airline include issuing more shares to existing shareholders or allowing investment by sovereign fund State Capital Investment Corporation.
One of them, Nguyen Dinh Cung, said many other governments have bailed out airlines and Vietnam should do the same.
Thanh said Vietnam Airlines has taken up the issue of funding with All Nippon Airways, which owns a 8.6 percent stake in it, but since the Japanese carrier is also in trouble it cannot provide loans now.
In Vietnam, the aviation industry has been among the hardest hit by the coronavirus pandemic. Airlines served 14.6 million passengers in the first six months, down 46 percent year-on-year, according to the General Statistics Office.
HANOI — Vietnam plans to freeze approval for new entries to the airline industry until 2022, a move that threatens to solidify the virtual duopoly already in place.
The chilled business climate caused by the novel coronavirus makes supporting existing airlines the top priority, Transport Minister Nguyen Van The said.
Currently five commercial airlines operate within Vietnam, but two top players dominate the market. With Australia’s Qantas Airways offloading its 30% stake in Jetstar Pacific, a joint venture with Vietnam Airlines, the state’s move to block additional competition has raised concerns about higher ticket prices. Tiếp tục đọc “Vietnam blocks new airlines until 2022 despite market duopoly”→
A passenger waits at a bus station in District 1, Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Losing out to ride hailing operators and social distancing, amongst others, HCMC bus services are struggling to reroute impacts of low demand.
Ho Chi Minh City’s Transport Department recently asked the city for a public bus subsidy of VND1.31 trillion ($56.8 million) this year, up 14 percent from an earlier estimate.
The reason cited for the increase is low demand during and after the social distancing period. Resumption of services has only reached 80 percent of the target and companies say they need to pay staff and service their debts during the social distancing period despite revenues plummeting.
Without the increase in subsidies, the department said it might have to cut 15 percent of bus trips in the last six months of the year.
BANGKOK: The risk of extreme future flooding events in major Vietnamese metropolis Ho Chi Minh City could increase by up to 10 times by 2050, resulting in immense economic and infrastructural damage, according to a new study by an international consulting firm.
Without a concentrated effort to mitigate the worsening impacts of sea-level rise brought about by climate change and to improve urban planning, the city faces billions of dollars of damage on an annual basis, with freak events potentially devastating vast urban areas.
As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.
Does aviation industry develop too rapidly? Are flight tickets sold lower than cost prices? Why does authority continue to grant permission for new airlines enterprises while infrastructure is overloading? These were hot issues that received special attention at the talk ‘ Vietnam Aviation Industry: Opportunities and Challenges’ held by the Ministry of Transportation on December 11 in Hanoi.
Tan Son Nhat Airport has been overloading and waiting for upgrading and expansion. (Photo: SGGP)