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Vietnam views the US as an essential companion within the discipline of agriculture, said Minister of Agriculture and Rural Improvement Le Minh Hoan at a working session with representatives from the US Division of Agriculture (USDA) in Washington D.C. on Could 11.
Thr Vietnamese Authorities has authorized and applied a method for the sustainable growth of agriculture and rural areas to change into a accountable nation for world meals safety and the setting.
In an effort to implement Vietnam’s commitments at COP26, MARD has taken motion, together with a venture to plant 1 billion timber, and the rushing up of initiatives and programmes to alternate carbon credit from forests, he famous, including that the sector is transitioning in the direction of inexperienced agriculture.
Vietnam has additionally joined different initiatives of the US and different nations and worldwide organisations such because the Agriculture Innovation Mission for Local weather (AIM4C) and the Coalition on Sustainable Productiveness Development for Meals Safety and Useful resource Conservation (SPG), he added.
Hoan urged that the US facet proceed to offer monetary and technical help to Vietnam by particular actions, enabling Vietnam to enhance its capability and efficiently implement world initiatives in addition to the transition to a inexperienced, environmentally-friendly and low-carbon agriculture sector.
Concluding the assembly, Hoan invited leaders of the USDA to go to Vietnam, expressing his hope that folks of each nations will take pleasure in extra advantages from a reliable and win-win partnership.
Minister requires stronger ties between Qualcomm, Vietnam’s tech companies
Minister of Data and Communications Nguyen Manh Hung expressed his hope for stronger partnerships between Qualcomm Integrated and expertise corporations of Vietnam, whereas receiving an govt of the US agency in Washington D.C. on Could 12.
The assembly with Alex Rogers, President of Qualcomm Expertise Licensing and International Affairs, happened as Hung was accompanying Prime Minister Pham Minh Chinh in his ongoing working go to to the US.
Hung appreciated the group’s efficient cooperation with Vietnam’s expertise companies, noting that Vietnamese telecoms and digital expertise corporations are inserting nice belief in Qualcomm.
He thanked Qualcomm for becoming a member of the advisory group for the Vietnamese ministry’s steering committee on 6G growth and mentioned he hopes his ministry and Vietnamese digital expertise corporations’ cooperation with Qualcomm will attain a brand new peak.
Vietnam is working to ascertain laboratories to check 5G gadgets made by Vietnam and different nations, so the ministry hopes Qualcomm will help in setting requirements and conducting assessments for not solely 5G but additionally 6G gadgets, he added.
The minister additionally urged Qualcomm assist Vietnamese universities open coaching programs for telecoms engineers.
For his half, Rogers voiced his delight that partnerships have helped Vietnam’s telecoms business develop.
He extremely valued Vietnam’s acceleration of and imaginative and prescient on 6G expertise growth, and pledged to ship the minister’s suggestion on this challenge to the pinnacle of his group’s technological growth division.
On the occasion, the 2 sides mentioned the opportunity of enhancing joint initiatives in order to capitalise on the benefits and technological power of Vietnamese corporations. Additionally they agreed to hurry up the analysis, growth, and commercialisation of gadgets, particularly 5G ones, in order to satisfy native demand and provide for world markets.
Vietjet presents promotional tickets for all worldwide routes
Finances provider Vietjet is providing thousands and thousands of promotional tickets with costs from zero dong (excluding tax and charges) on its worldwide flight on the event of the thirty first Southeast Asian Video games (SEA Video games 31), the largest regional sports activities occasion.
The promotional airfares are offered throughout the golden hours from 12:00 to 14:00 from Could 12 to 23, utilized on all worldwide routes with journey interval from August 15 to December 31, 2022.
They’re accessible on the market on Vietjet’s official web site www.vietjetair.com, Vietjet Air cellular app, and Fb web page www.fb.com/vietjetvietnam.
Programme promotes cooperation between RoK and Binh Dinh province
A collection of actions throughout the “Meet Korea-Binh Dinh 2022” programme have been held in Quy Nhon metropolis in Binh Dinh on Could 12 to advertise cooperation between the south central province and the Republic of Korea.
Addressing a seminar themed “Meet Korea-Binh Dinh 2022: Becoming a member of arms for growth”, which opened the programme’s actions, RoK Ambassador to Vietnam Park Noh-wan mentioned that the programme, the second of its variety held in Vietnam in 2022 on the event of the thirtieth anniversary of the Vietnam-RoK diplomatic ties, give attention to searching for measures and visions to extend numerous cooperation actions between Binh Dinh – an essential locality within the south central area, and the RoK.
Secretary of the provincial Occasion Committee Ho Quoc Dung famous that since Binh Dinh and Yongsan district of Seoul arrange twin relations in 1996, the 2 sides have supported one another in all fields of social welfare, education-training, well being care, tourism and labour, whereas many initiatives utilizing ODA from the RoK Authorities are underway in Binh Dinh.
The province is at the moment internet hosting 4 RoK-funded funding initiatives value almost 100 million USD, he mentioned, expressing hope that by the programme, extra Korean traders will come to Binh Dinh. He pledged that the province will create optimum circumstances for them throughout their operation to develop collectively.
Chairman of the Folks’s Committee of Binh Dinh Nguyen Phi Lengthy mentioned that the province is looking for RoK funding within the fields of digital accent manufacturing, car supporting business, seaport and industrial park infrastructure building, vitality, tourism, high-tech agriculture, aquatic farming, breeding, waste remedy, commerce and companies.
On the event, the Korea Commerce and Funding Promotion Company (KOTRA) in Ho Chi Minh Metropolis and the Folks’s Committee of Binh Dinh signed a memorandum of understanding (MoU) on funding cooperation, whereas the Korean Chamber of Commerce and Trade within the South and Center of Vietnam (KOCHAM) additionally signed a MoU on funding cooperation with Becamex IDC.
Vietnam hosts worldwide convention on ocean economic system
All nations must reinforce commitments and take extra drastic and efficient measures to exhibit their duty for the sustainable growth of the ocean economic system, Deputy Prime Minister Le Van Thanh addressed the Worldwide Convention on Sustainable Ocean Economic system and Local weather Change Adaptation.
The convention is being held on Could 12 and 13 in each on-line and offline codecs by the Vietnamese Ministry of Pure Assets and Atmosphere and the Norwegian Ministry of Overseas Affairs, with the help of the United Nations Improvement Programme (UNDP).
Thanh emphasised that as marine air pollution and ocean plastic waste are pressing world points, nations ought to set up a worldwide system to observe, share information, present a scientific foundation for ocean plastic waste from the nationwide, regional and world scales.
Deputy Minister of Pure Assets and Atmosphere Le Minh Ngan harassed that defending the well being of oceans is a sustainable assure for financial development and social prosperity, meals safety, livelihoods and employment in lots of nations, particularly for susceptible ones akin to small creating island nations, and low coastal states.
Vietnam has all the time proven its duty as an lively member within the worldwide group, and is able to cooperate with different nations and companions to share scientific information, expertise, assets and total administration initiatives for a sustainable ocean economic system and local weather change adaptation, Ngan added.
Norwegian Minister of Overseas Affairs Anniken Huitfeldt mentioned: “This convention is addressing among the most essential problems with our time. Norway and Vietnam’s goal is to push the local weather and ocean agenda ahead. We stay in a time of world turbulence. International cooperation is extra essential than ever. We’d like consequential and quick motion. And it’s our duty to maintain constructing the momentum.”
Themed “Options for a local weather resilient Blue Economic system”, the two-day convention attracted the participation of over 400 delegates from 70 nations, together with leaders, specialists, scientists and representatives from non-governmental organisations and analysis centres.
VN’s GDP to develop by 5.5-6%, threat and inflation on the rise
Viet Nam’s GDP was forecast to develop by 5.5-6 per cent this 12 months, albeit with important dangers and inflation within the vary of 4-4.5 per cent in 2022 and sure over 5 per cent in 2023, mentioned economists and policymakers throughout an financial discussion board organised by the Ministry of Planning and Funding in Ha Noi yesterday.
The nation recorded 5.03 per cent GDP development throughout the first quarter of 2022 and a 2.1 per cent rise in CPI. Inflation has largely remained below management with macroeconomic indicators trying steady, based on deputy minister of planning and funding Tran Quoc Phuong.
Notably, Viet Nam’s Enterprise Atmosphere Index has virtually recovered to its pre-pandemic degree. The ministry mentioned almost 50,000 new companies have been registered for the reason that starting of the 12 months, the very best quantity recorded for a single quarter in historical past.
Economists, nevertheless, remained optimistically cautious because the Southeast Asian nation was nonetheless laborious at work controlling the pandemic. Coupled with risky vitality costs and the continuing Russia-Ukraine battle, Viet Nam’s GDP, within the worst-case state of affairs was forecast at as little as 4.5 per cent, mentioned Prof. Can Van Luc.
Financial restoration, whereas exhibiting promising indicators, was not speedy throughout the board, particularly in journey, tourism and building which require additional help to get again on observe, mentioned Nguyen Quang Thuan, Chairman of FinnGroup, a service supplier of economic information, enterprise data, business analysis, credit standing experiences and different data-driven analytics companies.
Petrol costs proceed to soar, inflicting extra challenges for transport companies
The retail costs of oil and petrol continued to rise from Could 11 following the newest adjustment by the Ministry of Trade and Commerce and Ministry of Finance.
Accordingly, the value of RON95 bio-fuel was raised by VND1,550 per litre to VND29,980 (US$1.3) per litre, whereas that of E5 RON92 rose by VND1,490 per litre to VND28,950 ($1.26) per litre.
In the meantime, the value of diesel oil was up by VND1,120 per litre to VND26,650 ($1.16) per litre. An increase of VND1,340 per litre was additionally seen within the value of kerosene to VND25,160 ($1.09).
That is the eighth adjustment made to petrol costs for the reason that starting of this 12 months, with solely three decreases, and the third from the tip of April.
Do Van Bang, vice chairman of the Ha Noi Transport Affiliation, informed VTC Information on Could 11 that petrol costs account for about 40-50 per cent of transportation prices, so the rise in petrol costs has created extra difficulties for transport corporations.
Ngo Tri Lengthy, a value professional, mentioned petrol merchandise embody many sorts of taxes, together with environmental safety tax and particular consumption tax.
Financial professional Dinh Trong Thinh mentioned the State ought to think about eradicating the particular consumption tax on petrol merchandise as a result of this sort of tax needs to be imposed on luxurious items or dangerous services whereas petrol is important. Furthermore, petroleum can also be topic to environmental safety tax.
Tran Duy Dong, director of the Home Market Division below the Ministry of Trade and Commerce, mentioned that if the gasoline costs proceed to rise, it’s potential to think about decreasing the particular consumption tax.
The Ministry of Trade and Commerce has eventualities for managing petrol costs if the petrol value hits $130 per barrel or $150 on the world market. Accordingly, it’s going to suggest to scale back taxes for petrol merchandise, akin to environmental safety, particular consumption and value-added taxes, and diversify petrol provide, Dong mentioned.
Well-liked HCM Metropolis tourism road targets new prospects
Many lodges on the favored vacationer road of Bui Vien in HCM Metropolis have modified their enterprise mannequin to draw prospects after being laborious hit by the Covid-19 pandemic.
Cao Phi Yen, proprietor of Bui Vien Avenue Hostel, mentioned that round a 3rd of her hostel had been leased to college students and workplace employees at reasonably priced costs.
At current, vacationer numbers are only a third of these earlier than Covid-19. So, she determined to hire house to college students and workplace employees at VND1.8-2 million per 30 days.
Nguyen Gia Hao from New York Thien Phuc mentioned his resort room had been minimize to VND600,000-800,000 from VND1-3 million earlier. Nevertheless, solely 70 p.c of the rooms have been rented so far.
In the meantime, many lodges on Bui Vien stay closed or can be found for lease following the lengthy suspension as a consequence of Covid-19.
Farmers face losses amid rising animal feed costs
Many pig and poultry farms within the southern province of Dong Nai are going through large losses as a result of rising value of animal feed.
Basic director of Vinh Thanh Dat Meals Firm, Duong Chi Thien mentioned that their poultry farm was going through losses as a consequence of rising animal feed costs.
“Animal feed costs have elevated by between 20-30 p.c for the reason that Russia-Ukraine Struggle occurred,” Thien mentioned. “In the meantime, egg costs stay low, inflicting us losses. I see that many small farms have needed to shut, whereas others together with us are simply sustaining smallscale manufacturing.”
Mai Van Rem owns a farm with 500 pigs in Cam My District. He mentioned that he needed to make investments VND1.5 billion to construct the farm, which was way more pricey than earlier years.
“The rising land costs have led to hovering rents,” he mentioned. “Apart from, we’re additionally having to pay extra to purchase meals for the pigs. In the meantime, pork gross sales are sluggish, which has posed an enormous problem for us.”
Dong Nai provides the most important quantity of pork to the southern markets. Head of the Dong Nai Provincial Division of Livestock Manufacturing and Animal Well being, Nguyen Truong Giang, mentioned that native farms have been elevating some three million pigs which meet the demand within the space and a few neighbouring localities, together with HCM Metropolis.
Main gamers to contribute to constructing nationwide highways
The engagement of main companies like Vingroup, Techcombank, T&T, and Him Land to construct nationwide highways may bolster the viability of the federal government’s goal of getting 5,000km of highways in place by 2030.
Nguyen Vu Quy, director of Ho Chi Minh Freeway Mission Administration Unit (PMU HCM), mentioned that it’s reviewing the proposal from a consortium consisting of Vingroup and Techcombank and one other from the State Capital Funding Company (SCIC) for the venture on constructing the Gia Nghia-Chon Thanh freeway part below a public-private partnership (PPP) and can report back to the federal government quickly.
The PMU HCM was assigned by the Ministry of Transport (MoT) to attract the pre-feasibility examine of the freeway venture, which is without doubt one of the longest sections of the North-South Freeway venture’s western half.
The entire venture has a number of sections going parallel to the Ho Chi Minh Freeway.
Final week, the Vingroup-Techcombank consortium despatched a doc to the MoT with a proposal to implement the PPP venture for constructing the Gia Nghia-Chon Thanh part.
Their proposal created a shock because it has a really massive capital requirement – surpassing $1.13 billion for constructing a 200km four-lane freeway – and a prolonged capital recouping technique of greater than 30 years if it doesn’t have monetary help from the state.
That is the primary time the Vingroup-Techcombank consortium has made a joint proposal for freeway constructing. Deemed as having probably the most monetary power, expertise, and infrastructure administration capability in Vietnam at the moment, the consortium brings an enormous alternative to execute the constructing of the longest freeway part within the North-South Freeway’s western half, connecting the Central Highlands area with the southeastern gateway.
The Vingroup-Techcombank consortium shouldn’t be the one investor expressing curiosity within the Gia Nghia-Chon Thanh venture. Earlier, SCIC additionally despatched a doc with related content material to the prime minister.
In its doc, SCIC requested the MoT to survey the traders’ curiosity within the PPP Gia Nghia-Chon Thanh highway part venture quickly. If there’s a lack of investor curiosity, the MoT would possibly name on the premier to pick out traders as famous in Article 40 of the Legislation on PPP.
An govt of the MoT’s Division of Planning and Funding unveiled {that a} raft of main native companies akin to Deo Ca, Him Lam, Hoa Binh, DIC Corp, and Phuong Thanh have despatched proposals by organising investor consortiums or appearing as full contractors for a number of part initiatives belonging to North-South Freeway’s japanese half for the interval from 2021 to 2025.
Previous to the Vingroup-Techcombank proposal submission, T&T proposed to attract a pre-feasibility examine for a venture on constructing the Bao Loc-Lien Luong Freeway below PPP format, and the Hung Thinh-Deo Ca consortium requested for permission to spend money on the Tan Phu-Bao Loc Freeway venture.
The participation of main gamers like Vingroup and Techcombank in constructing nationwide highways displays the warming-up of transport infrastructure funding in PPP kind after an extended interval of stagnation.
Traders getting on board the LNG practice
Liquefied pure gas-to-power stays an essential a part of Vietnam’s vitality transition story, and traders – each native and worldwide – proceed to exhibit a robust curiosity within the sector.
Underneath the newest draft of nationwide Energy Improvement Plan VIII authorized by the Appraisal Council in late April, thermal energy utilizing domestically-produced gasoline (together with gasoline turbine thermal energy plant) and liquefied pure gasoline (LNG) – excluding versatile gasoline turbine energy sources utilizing LNG – by 2030 will see the entire put in capability of about 29,700-38,800MW, accounting for about 24-29 per cent of complete electrical energy manufacturing.
By 2045, the entire put in LNG capability might be about 43,300-46,300MW, producing 233.6-246 billion kWh and accounting for 20-24 per cent of complete electrical energy manufacturing.
This coverage development was evidenced by Vietnam’s announcement final November to focus on net-zero emissions by 2050, through which LNG is thought to be a extra promising technique of decreasing carbon emissions that may additionally entice international and native traders.
Vietnam has almost 20 LNG-fired energy crops within the pipeline nationwide, (see chart), together with Delta Offshore Power’s Bac Lieu LNG-to-power venture and LNG Quang Ninh, which is being developed by PV Energy, Colavi, Tokyo Fuel, ExxonMobil and others.
Native training ripe for levelling-up
Extra international traders have been drawn into Vietnam’s training and coaching sector, notably from america, with capital stream resulting in important adjustments in all the things from curriculum construction to learners’ behaviour and profession prospects.
The most recent statistics from the Ministry of Planning and Funding present that as of April 20, 607 international cooperation initiatives have been operational in Vietnam’s training and coaching sector, with the entire funding capital of greater than $4.44 billion.
The US, the UK, and Singapore have been the highest instructional traders prior to now two years, with funding in faculties slowing down final 12 months as a consequence of lengthy intervals of closure – however momentum is being rapidly regained.
In response to a report by Grant Thornton Vietnam, kindergartens and Okay-12 faculties are the segments that will proceed to see the largest investments, together with new institutions, mergers and acquisitions, and likewise some non-public fairness transactions.
The inflow of international capital can also be inflicting huge adjustments within the nation’s instructional setting, particularly within the curriculum construction. Worldwide faculties, that are both absolutely foreign-funded or established by partnerships between the Ministry of Schooling and Coaching (MoET) and the Ministry of Overseas Affairs, typically have the liberty to pick out their curriculum. Presently, there are 12 faculties which are recognised by the MoET as worldwide faculties.
Contemporary alternatives abound for US transport traders
As Vietnam strongly promotes non-public funding in transport infrastructure with quite a few potential initiatives within the pipeline, extra openings might change into accessible for American traders.
On the finish of final month, Minister of Transport Nguyen Van The hosted a particular reception for US Ambassador to Vietnam Marc Evans Knapper, anticipating nearer cooperation between the 2 events within the months to come back.
US companies are very curious about transport infrastructure initiatives in Vietnam, together with aviation and maritime initiatives akin to airports and seaports, Knapper mentioned, proposing to the Ministry of Transport (MoT) to create beneficial circumstances for US companies and contractors to hitch airport improve and building initiatives.
Relations between Vietnam and america have been repeatedly strengthened, particularly in aviation and seaport growth. Latest essential highlights have been the opening of direct flights between Ho Chi Minh Metropolis and San Francisco by Vietnam Airways, the availability of plane and engines, and the cooperation between Vietnam and the US Commerce and Improvement Company within the organisation of conferences on cooperation alternatives in aviation and maritime infrastructure.
Main US teams akin to Boeing, Collins, Aerospace, Haskell, Autodesk and lots of others are eager on the alternatives to spice up the Vietnam-US collaboration.
Apart from Vietnam Airways, Bamboo Airways has additionally been licensed by the US Division of Transportation to hold passengers and cargo between Vietnam and the US. It is going to use the wide-body Boeing 787-9 Dreamliner to fly instantly from Hanoi and Ho Chi Minh Metropolis to worldwide airports within the US.
A 20-year roadmap on opening a Vietnam-US flight route has lastly been realised, with such a route by Vietnam Airways changing into one of many sizzling matters in conferences of the Vietnamese-American group of California, particularly after the Vietnamese authorities eliminated compulsory medical quarantine procedures in February.
Specialists are evaluating the market potential between the 2 nations at about 700,000 passengers per 12 months, whereas solely 30,000-60,000 passengers per 12 months are wanted to open direct flights.
Ambassador Knapper hopes that the 2 sides will proceed to spice up ties in aviation, akin to by a rise within the purchases of Boeing plane, gear, and direct flights between the 2. US enterprises are additionally curious about Vietnam’s transport infrastructure growth, specializing in initiatives that cut back greenhouse gasoline emissions.
Within the seaport section, the Cai Mep Ha venture and others have been attracting consideration from US traders.
Minister The emphasised that the nation encourages home and international traders to satisfy the massive demand for transport infrastructure growth amid the nation’s state finances constraints. Subsequently, Vietnam expects shut cooperation offers with the US within the growth of transport infrastructure and supporting Vietnamese air carriers in increasing extra direct flights.
He added that Vietnam is creating a system of about 5,000km of expressways connecting the nation by 2030. Vietnam additionally plans to improve and develop trendy seaports with high-quality companies to satisfy the rising commerce demand.
In aviation, funding precedence might be given to quite a few key initiatives, akin to Noi Bai, Lengthy Thanh, and Tan Son Nhat worldwide airports, whereas upgrading 22 current airports and constructing six new ones, aiming to extend airport capability to over 280 million passengers by 2030.
With the ambition to scale back emissions within the transport sector earlier than 2050, the MoT is planning to advertise using electrical energy and bio-fuel and develop a inexperienced and environmentally-friendly transport infrastructure.
“The MoT will create beneficial circumstances for US traders who’re within the native transport sector. I imagine that with the cooperation and help of the US embassy in Vietnam, the bilateral transport ties might be strongly strengthened,” Minister The famous.
Lang Son so as to add 4,600MW of wind energy within the Nationwide Energy Improvement Plan VIII
Lang Son Folks’s Committee is ready for the federal government’s approval so as to add 4.600MW of wind energy to the Nationwide Energy Improvement Plan VIII with the addition of 32 wind farm initiatives by 2030.
The province experiences that it allowed 15 international and home traders to review and survey circumstances. They mix Trungnam Group, BayWa r.e. Wind Initiatives Vietnam Co., Ltd., LICOGI 16 JSC, T&T group, GE, and Sovico group. They put in wind gauges to find out the wind’s power and consistency.
These traders are prepared to pour in billions of {dollars} to develop wind farms within the province. Considered one of which is An Xuan Power JSC’s venture value $791.3 million with a capability of 528MW.
Eurolast – who carried out the preliminary survey on the wind potential in Lang Son – discovered that Bac Ai commune, Hoa Tham commune, Thuy Hung, and Thach Dan have nice potential for wind energy growth.
In Lang Son, the wind has a median velocity of between 4.5 and 7m/s and the province has the potential to develop 6,500MW.
The province estimates that by 2030 if roughly 60 per cent of the technical potential is exploited, it’s going to create income of $1.3 billion and a sustainable earnings for the province.
Hai Phong commences building of logistics service centre value 32 million USD
JD Future Discover V Ltd Co. from Hong Kong (China) held a ground-breaking ceremony on Could 12 for a logistics service centre for e-commerce actions within the non-tariff zone and Nam Dinh Vu Industrial Zone.
The JD Property Logitics Park Hai Phong 1 might be constructed at a price of 32 million USD on an space of 97,000m2 and is anticipated to be accomplished throughout the third quarter of 2024.
This logistics service centre will serve traders from many various nations and specialising in e-commerce actions – a booming space in Hai Phong with many benefits.
Vietnam’s garment sector information spectacular export development
Vietnam exported over 10.6 billion USD value of garment merchandise within the first three months of 2022, up almost 20% over the identical interval final 12 months, which is a constructive sign for garment makers to broaden their manufacturing.
Specialists forecast that, with world consumption selecting up, Vietnam’s garment export income is extremely prone to attain 48 billion USD this 12 months, a rise of almost 6 billion USD in comparison with the goal.
Presently, nearly all of garment makers have already got orders till September, with many even having orders till December.
In response to the Vietnam Textile and Attire Affiliation (Vitas), the sector’s complete export income reached over 10.6 billion USD within the first quarter of 2022, up almost 20% over the identical interval final 12 months. It was a powerful development fee, and the full-year income is prone to hit 48 billion USD.
Nevertheless, if Vietnamese garment makers wish to capitalise on export alternatives, they want to have the ability to safe supplies proactively and meet the necessities of new-generation free commerce agreements. Just lately, the European Fee proposed some new ecological rules on garment merchandise offered available in the market, below which such merchandise should have an extended lifetime and be reusable and repairable.
Can Tho needs rail hyperlink with HCMC to be kicked off earlier than 2030
Work on the 174-kilometer HCMC-Can Tho railway venture ought to begin earlier than 2030, mentioned Can Tho Vice Chairman Nguyen Ngoc He.
Le Tien Dung, director of the Can Tho Division of Transport, mentioned that as deliberate, the railway wouldn’t be kicked off till 2030. Nevertheless, preparations needs to be executed earlier than 2030, together with the prefeasibility report.
Earlier, a consultant of the consulting consortium which developed the prefeasibility report for the venture mentioned the railway was designed to begin on the Tan Kien Station in HCMC’s Binh Chanh District and finish on the Cai Rang Station in Can Tho. The venture, which requires an estimated US$7 billion, will move by six cities and provinces: Binh Duong, HCMC, Lengthy An, Tien Giang, Vinh Lengthy and Can Tho.
The double-track rail line would permit a most velocity of 190 kilometers per hour for passenger trains and 120 kilometers per hour for cargo trains. It will take 75-80 minutes to journey between HCMC and Can Tho by practice, whereas highway journey at the moment takes 180-240 minutes.
The part in Can Tho can have a size of some 6.5 kilometers, together with a four-kilometer elevated section.
Supply: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes
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