Quang Nam to build $26.5m railway flyover

Despite a slowdown dating from the second half of 2016, the pace of the merger-and-acquisition market is expected to pick up in the months to come with many potential deals ahead. Bich Thuy reports. Banking will continue to be among the sectors most appealing to foreign investors for M&A, Photo: Le Toan The Japan-invested Daiwa-SSI Fund is on the way to acquire a 20 per cent stake in Hanoi-based CVI Cosmetic & Pharmaceutical Co. for an undisclosed sum. “We are working on necessary procedures to complete the acquisition by the end of July. The Japanese investment will enable us to develop a factory in the Hoa Lac Hi-Tech Park,” Phan Van Hieu, chairman of CVI, told VIR. Daiwa-SSI’s bid is among the new potential deals for the second half of 2017, while many others are being negotiated. At last week’s press conference on the M&A Vietnam Forum 2017 organised by Vietnam Investment Review and AVM Vietnam, experts said  pharma and healthcare will be among sectors that hold the biggest appeal for mergers and acquisitions (M&A) in 2017 and 2018, driven by the increasing population and growing middle class. “Increasingly deep global integration, through the signing of free trade agreements and the establishment of the ASEAN Economic Community, has contributed to making Vietnam more attractive to international groups and M&A is an effective investment channel,” said Tran Thanh Tam, director of KPMG’s Markets Group. …... [read more]

Corruption and wastefulness are a matter of major public concern. Last year, the National Assembly adopted the Anti-corruption Law, which will come into force on June 1, 2006. The law is considered a legal tool for the whole Party and people to intensify the fight against corruption. During the past few years, many corruption cases featuring sly tricks and acts of wastefulness were detected by the press and both corrupt individuals and collectives have been prosecuted by legal agencies. However, a number of corruption cases in recent times have involved new tricks. An example of such behaviours can be seen in organising birthdays, weddings or house warming parties. Last year, a local authority from southern Vinh Long province used an approaching overseas business trip as a pretext for holding a feast for all local staff. Great feasts are often associated with envelopes. For the same purpose, director of the Planning and Investment Department in southern Binh Thuan province asked a commune Party leader to hold a big party for 300 guests. Obviously, this was a trick to collect money envelopes from some local officials. In fact, corruption is still a common occurrence with new tricks, which are very difficult to root out as recently uncovered under major capital construction investment projects. The football match-fixing case of Project Management Unit (PMU) 18 from the transport sector is also a case in point. A State official gave private companies the green light to win bids and afterwards slipped State money into individuals…... [read more]

In a recent interview granted to Vietnam News Agency, Deputy Prime Minister and Foreign Minister Pham Gia Khiem said the EWEC is one of the five economic corridors in the Greater Sub-Mekong Region (GMS), which was approved at the eighth GMS Ministerial Meeting in October 1998. With funding from the Asian Development Bank and the Japanese Government, major transport infrastructure facilities lying along the corridor have been upgraded, including Tien Sa and Da Nang ports, Hai Van tunnel and National Highway No 9 inside Vietnam. Notably, the second international bridge spanning the Mekong River was open to traffic in late 2006, linking Thailand's seven northeastern provinces, Laos' Savannakhet province and Vietnam's three central provinces. In addition to developing transport infrastructure facilities, relevant countries have coordinated closely in simplifying procedures, facilitating cross-border travel, enhancing cooperation in tourism and human resource development, and attracting investment for the sake of steady economic development and sustainable poverty reduction. The western part of the corridor, which runs from Thailand to Myanmar, will be under construction soon to turn the EWEC into an inland corridor connecting the Pacific and Indian Oceans. Once completed, the EWEC project will help millions of people living in the four countries escape poverty, narrow the development gap and strengthen linkages between the EWEC and other regions in Southeast Asia and the world. The project will enable the four countries to better tap their natural resources and potential, and expand their markets. It will also help them expand external economic ties, promote…... [read more]

Long, narrow valleys with complex stream and river systems surround the mountains. The eastern part of the national park has a large system of salt-water lakes and lagoons offering spectacular scenic view. During the 1930s, the French used the site for a resort, which had 139 villas, a swimming pool, tennis courts, a market, post office, and a road system connecting the mountain range to National Highway No.1. Today, Bach Ma remains an ideal holiday resort, thanks to its natural beauty and cool climate with summer temperatures between 18-23°C. The park has Vietnam's highest rainfall - nearly eight metres annually. Bach Ma National Park boasts a diverse ecosystem, including species endemic to both northern and southern Vietnam. It has 1,406 recorded plant species, of which 30 are listed in Vietnam's Red Book. These include Fokienia hodginsii, Adenia banaensis, Aquilaria banaensae, Erythrophloeum fordii, Dipterocarpus hasselti, Dipterocalpus and even several species new to science, such as Elaeocarpus bachmaensis and Cissus bachmaensis. The park also has a diverse range of fauna: 83 large mammal species from twenty-three families and nine orders. Among the species, 68 appear in Vietnam's Red Book, including the Sao la (Pseudoryx nghetinhensis), Vu Quang muntjac (Megamuntiacus vuquangensis), Truongson muntjac (Muntiacus truongsonensis), and the white-cheeked gibbon (Hylobates gabrillae). Other animal species include birds (333 species), amphibians (21), reptiles (31), fish (39), butterflies (256), beetles (178), and termites (28). Data on small mammals is still incomplete. Surveys conducted last year show that Bach Ma has an especially diverse composition of bat…... [read more]

The figures were released at a meeting held in Hanoi on May 15 by the Ministry of Education and Training and the Asia Injury Prevention Foundation (AIPF) to review the education of students on helmet wearing. Given the rising number of accidents that kill thousands of people every year, the Vietnamese government has enforced the compulsory helmet law since late 2007. In order to assist Vietnam to curb traffic injuries, the AIPF donated over 10,000 helmets and 150,000 booklets on traffic safety to primary school children along National Highway No 1 from March to May this year. Training in traffic safety was also given to both teachers and pupils under the programme. At the meeting, the AIPF presented more than 1,100 helmets to pupils and teachers of the Dich Vong B Primary School in Hanoi.... [read more]

The Bac Giang station, located in Song Khe commune, Yen Dung district, on National Highway No. 1A, is the last among the three pilot roadside stations built within the framework of the Study on National Roadside Stations Master Plan in Vietnam, which was kick-started in February, 2007, with a total investment of 427 million JPY (roughly US$4.33 million). Prior to the Bac Giang station, the two other stations in Ninh Binh and Hoa Binh provinces opened their doors to travellers in February and March. According to JICA Vietnam Office, the three roadside stations will serve as the model for more facilities in other provinces. The construction of these stations was estimated at a total cost of 115 million JPY (US$1.16 million). The stations provide not only a place to rest but also public information and local specialties. Along with providing assistance for construction of the roadside station, JICA will share experience with local authorities and train core staff in the operation and management of the stations. The Vietnam Road Department hoped that by 2015, Vietnam will have about 80 standardised roadside stations.... [read more]

Notes of exchange for the second phase of project-PACSA 2 were signed in Hanoi on July 6 by Japanese Ambassador Sakaba Mitsuo and Minister of Agriculture and Rural Development Cao Duc Phat. The project aims to eliminate coastal erosion from tides and typhoons for the protection of adjacent cultivation and residential areas. Afforestation has been one of the Japanese government’s non-refundable aid priorities for the Vietnamese forestry sector since 1992, Minister Cao Duc Phat said at the signing ceremony. Through its International Cooperation Agency (JICA), Japan has assisted the Central Highland province of Kon Tum in sustainable forest management and provided afforestation equipment to the northwest region. The first phase of PACSA, valued at US$11 million, was implemented in Quang Nam and Phu Yen provinces during the 2001-2005 period. As a result, 3,100 ha of forests on sandy areas along the coast have proved effective in staving off the loss of land area, as well as minimising damage to National Highway No.1, railways and other infrastructure within the project sites.... [read more]

Aid teams tried to transport goods to the victims of the floods but were hindered by the division of water. Naval ships dispatched to the sea offshore near Quang Binh rescued 14 fishermen. In Quang Tri, rains and floods eroded away many parts of the Ho Chi Minh highway, National Highway No 9, and some traffic roads between communes. The same day, Prime Minister Nguyen Tan Dung asked the flooded provinces to mobilize rations of instant noodles and bottled water for the victims. The Ministry of Public Security also asked all its departments and provincial police forces to evacuate people from the areas near lakes and dams which are vulnerable to landslides and flash floods. The local police were also instructed to launch patrols in affected areas and guide locals for safe travel. They will join in the search for the missing and help local people disinfect their living areas and stabilize their lives.... [read more]

Eight bridges are in such a rundown state that they need urgent upgrades worth an estimated VND48 billion (US$2.3 million). A recent Directorate for Roads' survey found there were 738 weak bridges across the country, most of these were built more than 50 years ago and now threatened traffic safety. However, capital for repairing bridges is limited. According to the Transport Inspectorate at the Ministry of Transport, one third of weak bridges identified in the survey have not been able to find any investment for upgrades. Most of the bridges in a dangerous state of disrepair are on National Highway No 1A, a major transport route that sees a huge traffic load, raising the risk of traffic accidents. The Ministry of Transport and Directorate for Roads say they will prioritise repairs and upgrades of weak bridges during the coming five years. However, the ministry admitted a lack of capital is still a huge problem. The country's central region alone, from Da Nang City to Khanh Hoa province, has more than 100 weak bridges, according to Department of Road Management No 5. More than half of these old bridges are along National Highway No 1A, national highways No 19, 26, 14 and the Ho Chi Minh Highway each has 11 weak bridges. Several years ago, the department proposed to hire local authorities to build new bridges to replace those that were old and degraded. However, only some of the weak bridges have received investment for upgrades, including Nam O, Ba Ren,…... [read more]

In the past 10 months, border guards in the northern province of Quang Ninh, which shares a border with China, uncovered 30 cases of poultry smuggling. Anti-smuggling forces are on duty at Mong Cai border gate where a large volume of poultry is illegally transported into Vietnam. Checkpoints have been set up at Hai Hoa and Hai Son border guard stations to assist in the crackdown. Quang Ninh police have cooperated with relevant agencies including customs and market management departments to combat illegal trading activities. The northern border province of Lao Cai has also established checkpoints along National Highway No. 70 and called for additional joint anti-smuggling efforts involving other agencies and local authorities. Dao Duy Kien, Head of the Lao Cai Animal Health Department, said that his province is already coordinating with border provinces including Quang Ninh, Lang Son, Ha Giang, and Cao Bang to intensify border inspections. All suspicious cases and violations will be detected and comprehensively investigated, he added.... [read more]

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