Traffic projects

National Highway No. 13 in Bình Dương Province. HCM City will work with the province to improve traffic infrastructure to boost connectivity between themselves. — Photo tuoitre.vn HCM CITY — HCM City and Bình Dương Province will work jointly on infrastructure projects to improve connectivity between them. At a meeting between their leaders on May 13, Nguyễn Văn Lợi, secretary of the Bình Dương Party Committee, said the province and HCM City have been working together to contribute to the southern key economic zone. “Infrastructure for connectivity between the two regions, especially roads and ports, is important. Bình Dương would like assistance from HCM City for important traffic projects.” Bình Dương wants the clearance of the city’s Bình Triệu 1 and Bình Phước 1 bridges increased, and adjustments made to road junctions connecting the two places. Phan Văn Mãi, chairman of the city People’s Committee, agreed with Bình Dương’s proposals and said relevant departments were … [Read more...] about HCM City, Bình Dương discuss improvement in traffic connectivity

A map shows direction of the planned Ring Road No. 4 running through HCM City and provinces of Bình Dương, Đồng Nai, Long An and Bà Rịa-Vũng Tàu. — Photo laodong.vn HCM CITY — Construction of the first phase of Ring Road No.4, which runs through five southern localities, including HCM City, should be completed by 2028, local reports say. The road, almost 200km long, is expected to boost regional linkages and boost economic growth for HCM City and the provinces of Bình Dương, Đồng Nai, Long An and Bà Rịa-Vũng Tàu, as well as the Southern Key Economic Region. The project, approved more than 10 years ago, is estimated to cost around VNĐ100 trillion (US$4.4 billion). It will be 197.6km long with four lanes in the first phase. In the second phase, the road could be widened to six or eight lanes. Last year, the Prime Minister issued a document asking five localities to implement sections of the new ring road which run through their localities. Accordingly, Bà Rịa-Vũng Tàu, Bình … [Read more...] about New southern ring road set to open to traffic in 2028

Experts say such tight restrictions should have been imposed long ago to avoid the current mess and chaos on many roads. Cars and motorbikes crowded Pho Quang Street in Tan Binh District on Tuesday morning last week, dragging themselves sluggishly towards the downtown area. The road, an entrance to the Tan Son Nhat Airport, is just two kilometers long and only eight meters wide. Yet there are 15 skyscrapers lining it, with tens of thousands of apartments, hotels and offices. The largest project on the street is an apartment complex with four blocks and 16 floors, hosting around 500 apartments. It has been open for about five years. There are other complexes with 8-10 floors and a hospital, so the street is always crowded. It gets hellish during rush hours. Pho Quang isn’t the only street plagued by quickly rising skyscrapers and infrastructures that can’t keep up with them. Nguyen Huu Tho, Nam Ky Khoi Nghia, Nguyen Thi Minh Khai and Mai Chi Tho are a few more examples. HCMC … [Read more...] about HCMC takes belated steps to sort out skyscraper mess

Easing weeks of punishing restrictions in the commercial hub would bring relief to China's battered economy, although there is growing concern that Beijing may yet take a similar course of action if it fails to get a nascent outbreak under control. Shanghai's deputy mayor, Wu Qing, said the city of 25 million aims to eliminate Covid outside of quarantined zones within the next week or so. After that, the city's lockdown will be "lifted in batches", with shops opened and traffic restictions eased, he said in the announcement which confirmed a Reuters story from Sunday. The vast majority of Shanghai's more than 2,000 new cases are in areas already under the tightest controls, while those found in the relatively freer communities are the ones most closely watched for clues as to where Shanghai's outbreak is heading. The number of such cases rose to four on May 12, up from two the previous day. Last week, some of Shanghai's residents were allowed outside their housing compounds … [Read more...] about Shanghai aims to defeat Covid over next week as Beijing hunkers down

Chairman of the Ho Chi Minh City People's Committee Phan Van Mai speaks at the conference (PHoto: SGGP) Speaking at the conference, Chairman of the Ho Chi Minh City People's Committee Phan Van Mai said that the disbursement progress has so far achieved 11 percent, which is lower than last year with 17 percent. He added that many units have had low disbursement rates; therefore, all units and investors must clearly define their responsibilities, review each project, and solve any problems to ensure progress, not accumulate at the end of the year. In order to speed up the progress of projects, Chairman Phan Van Mai asked the units to report in detail and analyze each project for solutions. Reporting at the conference, Director of Ho Chi Minh City Department of Planning and Investment Le Thi Huynh Mai said that most of the units with too low disbursement rates do have not much capital and are currently in the process of implementing procedures, so they have not completed the … [Read more...] about HCMC People’s Committee asks to remove difficulties, accelerate disbursement

"The Complex of Agricultural High-Technology DHN Gia Lai" is in Ia Le Commune, Chu Puh District, with a total investment capital of about VND1,030 billion. The project is expected to have a land use area of ​​about 100 hectares, including farm of 2,500 pigs, selected and imported directly from the Netherlands, pigs slaughter house, organic fertilizer factory, operation and support service area, organic farming area and green land, land for traffic and technical infrastructure, gathering area, purchasing area, preserve and pack fruits according to high quality export standards. Phase 1: The DHN Gia Lai hi-tech application breeding area has a total land area of ​​50 hectares, a capacity of 2,500 calves and grandparents and 25,000 gilts. This is the fourth project in the DHN High-tech Agricultural Complex in Vietnam of two corporations, specializing in the production of high-quality agricultural products in a closed chain including: Selection and Production of Swine & … [Read more...] about Groundbreaking ceremony for the DHN Gia Lai agricultural high-tech complex

Hardy Diec, Managing Director of FedEx Express Indochina. Photo by FedEx Express What’s the status quo with the logistics industry? Supply chains have never been more important. More than that, reliability and accuracy in these supply chains have now become even more paramount. During this pandemic, the logistics industry has proven to be vital, whether in delivering critical healthcare shipments including vaccines and medicine, or delivering huge volumes of e-commerce shipments to end consumers. The pandemic has shifted consumer behavior greatly. The boom in e-commerce will continue to be a powerful engine of the global economy. We’re witnessing how essential supply chains are to business survival, success and growth - they are not just an opportunity to reduce cost. Businesses are rethinking their supply chains, moving to a "just in case" approach for inventory management to counter unplanned scenarios. Being able to receive products and critical components either by … [Read more...] about Innovative logistics models in great demand: FedEx director

In accordance with a resolution to improve the effectiveness of state companies signed by Deputy Prime Minister Le Minh Khai, Vietnam will have at least 25 state-owned businesses with either a stockholder's equity or a market capitalization of $1 billion. Among these, at least 10 businesses must reach over $5 billion in capitalization. Within the next five years, these companies would contribute 5-10 percent more to the national budget compared to the 2016-2020 period. All state-owned businesses would shift their investments towards projects that utilize green technologies and reduce carbon emissions. State-owned businesses now account for around 0.08 percent of all businesses in Vietnam, but possess around 7 percent of assets and 10 percent of equity of all businesses in the market, according to the Ministry of Finance. They also account for around 26 percent of stockholders' equities and over 23 percent of the value of fixed assets and long-term financial investments of active … [Read more...] about Vietnam targets 10 $5 bln state-owned firms by 2025