Leading state liner Vinalines will take a raft of comprehensive measures to boost its business efficiency. In 2012, Vinalines aims to earn VND27.2 trillion ($1.3 billion) in revenue and VND120 billion ($5.7 million) in profits, surging 10 and 93 per cent respectively against 2011. “2012’s proposed profit is just one-eighth of that in 2009, but [...]
Japan’s leading transportation company Sagawa Holdings has announced that it will launch delivery services in Vietnam in February on a trial basis, and then officially from March. Sagawa announced on February 1 that this year the firm will invest 100 million yen (US$1.2 million) to buy more than 30 lorries and motorbikes for goods transportation [...]
Cau Gie-Ninh Binh highway and part of the highway connecting Ho Chi Minh City (HCMC)- Long Thanh – Dau Giay will be completed and put into use by the middle of 2012, the Vietnam Expressway Services Joint Stock Company (VEC)said in its recent report. Surface clearance of the main road for the HCMC-Long Thanh-Dau Giay [...]
HCM City People’s Committee has recently approved the Saigon 2 bridge project near the Saigon 1 bridge to improve the traffic capacity in the city’s northeast gateway, contributing to the socio-economic development. Accordingly, the project with total estimated investment of about 1.5 trillion dong will be invested by HCM City Infrastructure Investment Joint Stock Co [...]
A Ministry of Transport official said the tough economic conditions did not affect the cargo transport volume of Vietnam’s ship fleet last year as it still grew by 8% versus the previous year. Nguyen Cong Bang, deputy head of the ministry’s Transport Department, said Vietnamese ships were responsible for an estimated 96 million tons of [...]
Many shipping lines have started to impose a new general rate increase (GRI) on containers of goods exported to the U.S. with a rise ranging from US$320 to US$450 per container. The new fees are applied for goods from European countries and Vietnam to Mexico, Canada and the U.S., Vietnam’s major markets for garments, footwear, [...]
Vietnamese Minister of Transport Dinh La Thang and French Minister of Ecology, Sustainable Development, Transport and Housing Thierry Mariani reached consensus on speeding up cooperative transportation projects during their talks on January 13 in Hanoi . At the talks, Minister Thang thanked the French Government for the assistance it has offered to Vietnam ’s transport [...]
Thoresen Thai Agencies plans to expand its activities in the south of Vietnam in order to become a logistics service provider in the country. According to the Thai daily newspaper Bangkok Post, the company has invested more than US$30 million in the Vietnamese market where its two branches, namely Baconco Ltd and Thoresen-Vinama Logistics Co (TVL), [...]
Prime Minister Nguyen Tan Dung has sent an official letter requesting Vietnam’s President Truong Tan Sang to approve the Hanoi urban railway project—Nhon-Hanoi Railway Station section, according to the government website. In line with the agreement signed on last October 13, Asian Development Bank (ADB) pledged to fund $293 million for the project, which is [...]
The World Bank (WB) will provide Vietnam with US$973 million in loans to carry out three projects on highway, urban development and poverty reduction. An agreement and other legal documents in this connection were signed in Hanoi on January 12 by State Bank of Vietnam Governor Nguyen Van Binh and WB Country Director in Vietnam [...]
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