With businesses negatively affected by the economic turbulence caused by high lending rates and soaring costs, many companies in the domestic shipping industry have to sell their vessels to cut losses. According to Sai Gon Tiep Thi newspaper, most of the businesses in the shipping sector are operating with negative profits. The Vietnam National Shipping [...]
Cai Mep International Terminal (CMIT) has welcomed Grete Maersk, the 1st ship of Maersk Line’s Trans-pacific String, on its route from Asia to North America. With this first direct ‘Trans-pacific 6’ (TP6) vessel, weighing at 115,700 dwt and with a capacity of 9038 TEU, calling CMIT, Maersk Line has officially become a business partner of [...]
An elevated road 32.8 metres high has been proposed to be built through at the intersection of Nga Tu Vong in Hanoi. This is one of the three proposals for the construction of Belt Road No. 2 project’s Vinh Tuy-Nga Tu So Intersection section that Transport Engineering Design Inc. (TEDI) under the Ministry of Transport [...]
Bus companies in Ha Noi and HCM City are ready to roll out more vehicles to meet additional demand for the Independence Day holiday from September 1 to September 4. Independence Day this year will be a three-day holiday because it falls on Friday. Bus firms are therefore expecting more passengers than usual for this [...]
Vietnam Expressway Corp (VEC) reported that the Noi Bai-Lao Cai expressway project was facing financial difficulties because of lack of 448 billion dong in corresponding capital. Although 2 trillion dong of the project bonds were issued under the Ministry of Finance’s guarantee, but the project still is short of 448 billion dong. Actualized work of [...]
The prime minister has recently issued a Decision No 41/2011/QD_TTg dated August 3, 2011 appointing Vietnam Post Corp (VN Post) to be the maintainer and manager for the public postal network. Vietnam Post has also been allowed to provide public postal services in accordance with its tasks and plans and provide international postal services and [...]
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