Many streets in Sa Pa Town are being repaired causing inconveniences for local people and tourists. Sa Pa is receiving an increasing number of visitors who are coming to see frost and snow as the temperature has sharply dropped to around zero degrees centigrade. Lots of tourists have complained about the uncomfortable roads. Main streets in Sa Pa like Ngu Chi Son, Xuan Vien and Thach Son are full of pot-holes and mud and soil caused by trucks which serve construction sites. Local people said that they have to face dust on a sunny day, while the roads are quite slippery on rainy days. They feel very disappointed when many roads in the town have been seriously damaged by overloaded vehicles. Thac Bac Road which is just around a kilometre and has to serve hundreds of trucks daily Big holes at a junction in the centre of town Death traps on Ngu Hanh Son Street The project to repair roads in Sa Pa was kicked off in June last year and is slated to finish in July this year.
According to the General Statistics Office, some 115,000 vehicles were imported in 2016 at a total import value of more than US$2.32 billion. In December alone, an estimated 16,000 vehicles were imported at a total import value of US$227 million. Cars imported from Thailand and Indonesia accounted for two-thirds of the total.Car imports are forecast to significantly increase in 2017 following a 10-percent drop in import taxes – from 40 to 30 percent - for the auto segment of nine seats and less starting January 1, 2017 for ASEAN members. The first two week of the year saw a strong…... [read more]
Deputy Secretary General, Board of Investment (BOI) Chokedee Kaewsang made the affirmation on November 27 at a seminar in Bangkok discussing opportunities and obstacles of investing in Vietnam. The Deputy Secretary General said the Thai Government has implemented a number of policies and procedures that complement each other to facilitate Thai businesses expand their operations into Vietnam. But it isn’t only Thai investors that are bullish on Vietnam. Foreign investors such as those from Taiwan, China, South Korea, Japan and Singapore are among the top investors in Vietnam and are grouping and realigning themselves in various supply chain configurations to get in…... [read more]
For the past two years, the Phat Quang Buddhist Club have been out on the streets at nightfall voluntarily mending roads in Vinh, the capital of Nghe An Province in central Vietnam According to Le Van Duc, the club leader, fractured road surfaces are due to long-term use, creating bumps and holes which pose annoyance and potential dangers for travelers. With a strong desire to curb possible traffic accidents from bad road conditions, the club have been defying nasty weather and public criticisms to pursue their cause. Withstanding obstacles During their ungodly public service hours on a December night, temperatures dropped coupled…... [read more]
HA NOI (Biz Hub) —Asian share markets ended with a mixed bag on Thursday. The VN Index in HCM City slipped back to close at 498.22 while in Ha Noi, the HNX Index also fell slightly, by 0.36 points to end at 61.81Meanwhile in Japan, the Nikkei 225 (NKY) dropped by 214.38 to finish at 13,605.56 while the Topix Index (TPX) lost 15.67 points to close at 1,139.59. Also following this trend, the benchmark Shanghai Stock Exchange Composite Index (SHCOMP) shed 1.88 points to sit at 2,044.90.On the brighter side, investors in Hong Kong and Singapore had more confidence in…... [read more]
Listed automobile companies will face a challenging and volatile year in 2017 on policy changes and rising competition from imported products (Photo: cafef.vn)Hanoi (VNA) - Listed automobile companies will face a challenging andvolatile year in 2017 on policy changes and rising competition from importedproducts.Asthe sector outlook is unclear, some companies have been cautious with theirforecast for 2017 performance. For instance, Saigon General Service Corporationperformed well in 2016, but the company is quite wary of its results this year.Challengesinclude policy changes expected to trigger greater competition in the domesticcar market as taxes drop, allowing imported cars to compete with localproducts.VietDragonSecurities Corporation (VDSC)…... [read more]
