Construction of a metro route underway in HCM City. (Photo: VNA)HCM City (VNS/VNA) - Ho Chi Minh City has asked theGovernment for an additional 800 million USD for the metro No 2 line from Ben Thanh to Tham Luong to accommodate design changes and permission to delaycompletion until 2024.In 2010 the project was approved at a costof 1.374 billion USD with basic design by the Transportation Construction andInvestment Consultancy Joint Stock Company.In 2012, after construction began, theinvestor brought in an international consultancy consortium led by a Germanfirm to make a detailed design.The latter identified many errors andrectified them.Further increasing cost was due to the factthat inflation was built into the project only for until 2016, leading to anoverrun since it has been delayed.Earlier the metro No 1 route from Ben Thanh to Suoi Tien saw its cost rise by 87 percent over the initial estimate to 47trillion VND (2.1 billion USD) for exactly the same reason: inexperience of the … [Read more...] about HCM City seeks extra 800 million USD for metro line 2
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Environmental sanitation campaign launched in HCM City
A publicity campaign is launched to keep HCM City cleaner (Source: VNA)HCM City (VNA) – A publicitycampaign was launched in Ho Chi Minh City on November 26 to encourage people tokeep the city cleaner.The programme, part of activities of theWorld Bank-funded Ho Chi Minh City Environmental Sanitation project willbe implemented from 2017 – 2022.Nguyen Ngoc Ha, Deputy Director of theproject management said the campaign will be conducted on a monthly basis,calling on locals to keep the city clean, particularly along the Nhieu Loc –Thi Nghe canal, thus promoting tourism on the canal.As part of the programme, students of localuniversities will collect garbage and clean Thi Nghe market. Members of the localyouth union, police force, associations of women and veterans join in the cleaningcampaign, from Thi Nghe bridge to Dien Bien Phu bridge on Hoang Sa and TruongSa roads.Nguyen Si Thi, a member of the Da Kao wardyouth union, district 1 hopes that the campaign will help … [Read more...] about Environmental sanitation campaign launched in HCM City
HCM City calls for investment into waste-to-energy projects
HCM City will offer many preferential policies for projects using technology application in waste treatment to produce electricity.On November 26, HCM City held a forum to seek investment for these projects, attracting more than 40 local and foreign investors. Around 8,700 tonnes of rubbish from household activities are discharged daily in HCM City At the event, Nguyen Toan Thang, director of the municipal Department of Natural Resources and Environment, said that 8,700 tonnes of rubbish from household activities were discharged daily in the city.The city’s solid waste per capita is forecast to reach 1.3 kilos daily by 2025 compared to the current 1 kilo. Meanwhile, the majority of these are buried. So, it is an urgent need for the city to change the waste treatment technology to avoid problems.Associate Prof. Dr. Phung Chi Sy from the department said that burying rubbish is a waste of land and affects water resources. Incineration technology has been more widely in many … [Read more...] about HCM City calls for investment into waste-to-energy projects
HCM City raises more than VND37 billion to support poor people
President of the VFF’s HCM City said that the programme aims to call on people from all walks of life to support the poor. Along with the city’s measures like vocational training and job creation, the fund has helped the needy overcome difficulties and escape poverty, she said.All of the money raised from the art programme will be used to assist the poor toward the upcoming Lunar New Year 2018.Over the past 17 years, the municipal chapter of the VFF has mobilised more than US$70.4 million to support the disadvantaged, poor, near-poor, and orphans. … [Read more...] about HCM City raises more than VND37 billion to support poor people
HCM City exports to top 35 billion USD in 2017
Ho Chi Minh City is likely to achieve export value of 35.2 billion USD this year, a 15.1 percent increase from last year (Photo VNA)HCM City (VNA) - Ho Chi Minh City is likely to achieveexport value of 35.2 billion USD this year, a 15.1 percent increase from last year,and imports of 43.1 billion USD, a 13.2 percent rise.The city accounts for 72 percent of theSouthern Key Economic Zone’s total imports and exports and 19.4 percent of Vietnam’s.An import-export gateway for the southernregion, a lot of the city’s imports make their way to neighbouring provincessuch as Dong Nai, Binh Duong and Long An, often to serve production forexports.The provinces enjoy large trade surpluses- Binh Duong 4 billion USD; Dong Nai 2 billion USD; Long An 500 million USD.Pham Thanh Kien, head of the Department ofTrade and Industry, said his department is boosting trade promotion in keymarkets that buy more than 1 billion USD worth of goods such as mainland China,Singapore, Taiwan, … [Read more...] about HCM City exports to top 35 billion USD in 2017