Meanwhile, given the current difficulties caused by the pandemic, VNR’s equity worth VND3.2 trillion at its subsidiaries, especially at the Hanoi Railway Transport JSC (Haraco) and the Saigon Railway Transport JSC (SRT), could completely disappear and the efforts of Haraco and SRT to run their businesses over the past years could be erased in the next three years. Moreover, the sector is financially incapable of buying new equipment, Minh said. … [Read more...] about Replacing expired locomotives, carriages to place enormous financial burden on railway sector
Nutricare jsc
Trial for ex-trade minister Vu Huy Hoang, accomplices postponed again
After Sabeco completed legal procedures for the joint venture’s investment and proposed the HCM City People’s Committee approve the addition of officetel and housing functions to this project, the MoIT ordered the company transfer all of Sabeco's stake in this project to the private enterprises in the joint venture. … [Read more...] about Trial for ex-trade minister Vu Huy Hoang, accomplices postponed again
Hanoi expressway proposed for expansion as it hits maximum capacity
In 2019, traffic on the expressway was 25 percent more than in 2017. Last year, due to the impacts of Covid-19 travel restrictions, the amount of traffic on it decreased by 4 percent. But this year, traffic is expected to increase by 20 percent compared to 2019, Khoi said. … [Read more...] about Hanoi expressway proposed for expansion as it hits maximum capacity
Vinalines to cut interest in loss-making Vitranschart to 36 per cent
The ship giant will cut its holdings in nine others, namely VOSCO (from 51 to 49 per cent), Vinaship (from 51 to 36 per cent), Haiphong Port (from 92.56 to 65 per cent), Danang Port (from 75 to 65 per cent), Can Tho Port (from 99.05 to 51 per cent), Cam Ranh JSC (from 80.9 to 51 per cent), Cai Lan Port (from 56.58 to 51 per cent), Transvina (from 56 to 51 per cent), and Khuyen Luong Port (from 49 to 36 per cent). … [Read more...] about Vinalines to cut interest in loss-making Vitranschart to 36 per cent
VIMC sets ambitious targets for 2020-2022
The group will focus on investment in inland container depots and goods distribution centres with a scale of 10-30 hectares in Lach Huyen, Hanoi, Danang, Ho Chi Minh City, Hau Giang and Dong Nai while boosting cooperation with international partners, striving to become the supplier of best “Door to Door” solutions, and develop “global supply chains”. … [Read more...] about VIMC sets ambitious targets for 2020-2022
