La Ngoc Khue, former Deputy Minister of Transport, said that a slower train is a far better option for the country at present, instead of the superfast train that comes with a very heavy budget burden. Khue said that a train speed of 350 kilometers per hour (kph) as proposed by the Ministry of Transport (MoT) is redundant. "As the TEDI-TRICC-TEDISOUTH consultancy consortium has estimated, actual demand in 2050 would only meet 40 percent of its capacity of 364,000 people a day. This means 60 percent of seats will not be occupied, while no cargo will be transported, a huge waste of capacity," he told VnExpress. Railways should have the capacity to transport cargo. The World Bank has noted that Vietnam’s logistics cost accounts for 21 percent of its GDP, twice that of Thailand. The main reason is that Vietnam is far too dependent on roads while existing railway routes carry a small fraction of the total volume, Khue noted. "Both China and Japan own the world’s … [Read more...] about A 350 kph train is fast, but where will it get Vietnam?
Who governs vietnam
The airlines are focusing on developing fleets with narrow-body aircraft to increase efficiency in the context of fierce competition. The aviation growth rate is expected to be 5.3 percent per annum on average, instead of the high growth rates of 16-23 percent seen in 2013-2016. Vietnam Airlines has completed a study to assess the efficiency of regional jets which would be used to replace ATRs for some short-distance flights, in the context of small market capacity and domestic airports. It is expected that the airline will have 6-20 aircraft of this kind. Thanh Lich Noi Bai Airport investigates aircraft tyre scratches Many planes have recently had their tyres damaged after landing at the Noi Bai Airport. Decree sets age limit for imported used aircraft The age of second-hand aircraft imported into Vietnam is among new regulations in the Government’s Decree 89/2019/ND-CP. … [Read more...] about Vietnam’s airlines to buy more aircraft to expand fleets
Editor's note: Naina Batra is the chairperson and CEO at the Asian Venture Philanthropy Network, a Singapore-based non-profit that has offices in 13 countries around the world, including Vietnam. AVPN has over 487 members from 32 countries and undertakes field building activities in Asia while providing a range of networking and learning services to support its members and followers to create meaningful social impact. Most consumers are not aware of the ill impacts of plastic or how to recycle. At-source separation of waste is minimal and while this is changing in some parts of the country, the scale and level of success are still unknown. Overall, financial and technical support in plastic waste management is insufficient. Investment in modern recycling facilities will require private sector participation. However, many challenges exist in coordinating multi-stakeholder cooperation. For instance, public-private partnership projects that exceed more than … [Read more...] about Situational context, bottlenecks of plastic waste management in Vietnam
Remittances to Vietnam are likely to further increase in 2019. (Photo: VNA) Hanoi (VNA) – Remittances to Vietnam are likely to further increase in 2019 because overseas Vietnamese people believe in the stability of the economy and see better investment opportunities, economist Nguyen Tri Hieu said. He attributed the increasing trust to the government’s various policies to improve the local business climate by simplifying investment procedures and increasing market confidence. Remittances have been forecast to reach 17 billion USD this year by some organisations, he said. The World Bank forecast that about 16.7 billion USD in remittances will flow into Vietnam this year, up 4.6 percent from a year earlier. The BIDV’s Training and Research Institute also made a similar prediction, which will put the Southeast Asian country among the world’s top ten remittance receivers for a third year in a row. The value rose from 13.8 billion USD in 2017 to 15.9 billion … [Read more...] about Remittances to Vietnam to further rise in 2019
Swedish Ambassador to Vietnam Madam Ann Måwe Both countries celebrated 50 years of diplomatic ties on January 11. On the occasion, VOV talks with Madam Måwe about the history of the bilateral relations and cooperation plans for her 4-year term. Reporter: 2019 is an important year for Vietnam and Sweden - the 50th anniversary of their diplomatic relations. Activities have been organized throughout the year, including cultural exchanges and visits such as the visit to Vietnam by Crown Princess Victoria and a delegation of Swedish business leaders in early May. What do these events say about the state of bilateral ties? Ambassador: Regarding the visit of our Crown Princess, this is really a proof of the importance we attach to our bilateral relationship. She is a very important representative of all of Sweden. Another important highlight was the visit of your Prime Minister to Sweden in the summer with a huge business delegation as well. For me, I came here in the year … [Read more...] about Sweden to work closely with Vietnam on complex issues: Swedish Ambassador