$17.6 million spent on upgrading roads in 2018

This was published at the BRS road show to introduce investment opportunities to investors, attracting the participation of more than 200 investors in Ho Chi Minh City on December 20. According to Tran Ngoc Nguyen, on December 8, Prime Minister Nguyen Xuan Phuc approved BSR’s equitisation plan. Accordingly, the company currently has a charter capital of VND31 trillion ($1.36 billion). After the IPO, Vietnam's oil and gas group PetroVietnam will retain 43 per cent of BSR’s charter capital, while a maximum of 49 per cent will be sold to strategic investors within three months after the IPO. About 0.21 per…... [read more]

The Hanoitimes - The northern coastal province of Quang Ninh, which hosts the National Tourism Year 2018, hopes to welcome 12 million visitors this year, including five million foreigners, and earn 22 trillion VND (968 million USD). Ha Long Bay Director of the provincial Department of Tourism Pham Ngoc Thuy said the agency will cooperate closely with localities to make the National Tourism Year 2018, themed “Ha Long – Heritage, Wonder – Friendly Destination” a successful event. It will strengthen management on tourism business environment, strengthened, particularly the operation of local travel agencies; while expanding tourist space and developing agricultural…... [read more]

The tourism sector would focus on efforts to develop cultural and MICE (Meetings, Incentives, Conventions and Exhibitions) tourism, he told a press meeting on December 28.It plans to diversify its products and organise a series of tourism events through the year to attract visitors, he said.It will devise marketing strategies and organise promotional activities broad to attract potential international tourists.The marketing and promotional activities will focus on markets such as Thailand, India, the Republic of Korea, Japan and the US, which have recorded strong growth this year.It will also address lingering problems that drive foreign tourists away, such as overcharging, street vendors and taxi…... [read more]

The ACV has proposed many preferential mechanisms in the 2016-2018 period (Source: vnexpress.net)​Hanoi (VNA) – The Airports Corporation of Vietnam will pour over 26.2 trillion VND (1.17 billion USD) for the upgradation of airports to meet travel demands and socio-economic development by 2018.This is the corporation’s latest plan, aimed at implementing the National Strategy on Transport Development, issued in 2013 by the government.The corporation, now manages all 22 airports in the country, including nine international airports, said travel demands were constantly increasing, putting pressure on the major airports at Noi Bai, Tan Son Nhat, DaNang, Cam Ranh and Phu Quoc.According…... [read more]

The sectors also aims to serve 78 million domestic visitors, earning total revenue of VNĐ620 trillion (US$27.31 billion). Accordingly, tourism promotion in both international and domestic markets will be strengthened next year. Besides, the tourism sector will also focus on turning Vietnam into a safe and friendly destination while creating clear changes in improving the quality of services and tourism. The General Statistics Office reported that Vietnam received a record high of 12.9 million foreign visitors in 2017, a year-on-year increase of 29.1 per cent. Of the total, 10.9 million tourists arrived by plane while 1.8 million people came to Vietnam on…... [read more]

The ACV has proposed many preferential mechanisms in the 2016-2018 period - Photo: vnexpress.netThis is the corporation’s latest plan, aimed at implementing the National Strategy on Transport Development, issued in 2013 by the government. The corporation, now manages all 22 airports in the country, including nine international airports, said travel demands were constantly increasing, putting pressure on the major airports at Noi Bai, Tan Son Nhat, Da Nang, Cam Ranh and Phu Quoc. According to the head of the Civil Aviation Authority of Vietnam, Lai Xuan Thanh, Noi Bai International Airport has achieved tremendous growth, reaching 22 per cent in…... [read more]

The ADB Board of Directors has approved the provision of loans for the second project to upgrade the northern transport network of the Greater Mekong Subregion (GMS).Under the project, 340 km of road belonging to a section of the northeastern transport corridor which starts in Vietnam’s Thanh Hoa province and runs through to Bangkok, Thailand will be upgraded.Apart from improving material facilities, the project will help deal with issues including overloaded vehicles, road transport safety and bomb and landmine clearance, and raise public awareness of human trafficking and the prevention and control of HIV/AIDS.The ADB will provide Vietnam with US$75…... [read more]

The shares will be listed on the HCM Stock Exchange (HOSE) with the initial auction price of VND24,600 (US$1.08) per share. Genco 3, which is fully owned by Electricity of Vietnam (EVN), expects to receive VND6.6 trillion (US$290.7 million) from the IPO. EVN on December 28 said Deputy Prime Minister Vuong Dinh Hue signed Decision 2100/QĐ-TTg approving the privatisation plan of Genco 3 one day earlier. The approved privatisation plan is to maintain its current State-owned capital and issue shares to increase its chartered capital. Genco 3’s charter capital is VND20.8 trillion, 51% of which will be owned by EVN.…... [read more]

The Asian Development Bank (ADB) will provide a USD80 million loan for a project to improve the country’s roads in northern mountainous areas.     The ADB-funded project wil upgrade around 300 kilometres of roads in the northern mountainous region Tomoyuki Kimura ADB Vietnam Country Manager and Governor of the State Bank of Vietnam Nguyen Van Binh signed the agreement on December 2. The project will upgrade around 300 kilometres of unpaved and frequently impassable roads in the six northern mountainous provinces of Bac Kan, Cao Bang, Ha Giang, Tuyen Quang, Yen Bai and Lao Cai. Most of the roads are…... [read more]

Inbound tourism sharply grew over the past two years, reaching all-time high of nearly 1,3 million in 2017, official statistics show.The Government also expects to lower the poverty rate by 1.5% and urban unemployment rate to below 4% while increasing insurance healthcare coverage to above 88.5%. The Cabinet plans to reduce tax arrears to below 5% of the country’s total budget revenues and keep overspending rate at around 3.7% of the GDP.Export revenues are expected to increase between 8-10% and trade deficit will be kept under 3% of the total export value./. By Huong Giang... [read more]




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