- WB lends $330 mln for northern hydropower project
The mid-sized multipurpose hydropower project will help meet growing domestic demand for electricity and bring flood control and irrigation benefits to rural and poor communities in the northern province. Electricity consumption in Vietnam has been growing at 15 percent annually for the past several years and Trung Son’s 260 Megawatts project will help meet the increased demand.
- Railway freight surcharge increases to 15pct
Previously, with the Ministry of Finance (MoF)’s decision of adjusting the diesel oil price from 14,750 dong per litre to 18,300 dong per litre from February 28, 2011, increasing 24 percent, causing an increase of 7 percent for railway transport costs.
- Kyocera plans electronic parts factory in Vietnam
Kyocera Corp. President Tetsuo Kuba was quoted as saying at a news conference in Osaka on April 27 that the company will start the construction by the end of this year as it looks to commence the plant’s operations in late 2012. The plant is designed to cover about 400,000 sq. m in Hanoi’s suburb area, to be on a par with Kyocera's largest overseas factory in China.
- Cathay climbs with local aviation scene
It is undeniable that Vietnam is of the fastest and largest growing aviation markets in South East Asia and the world. With good government support, economic and infrastructure development, its aviation has gone a long way to reach today’s standards. The continued growth of the Vietnamese economy, people’s increasing purchasing power and desire to travel are obviously vital elements for Vietnam’s aviation to grow in significance.
- No power cuts in May, ministry orders
According to the ministry’s Electricity Regulatory Authority, with water levels rising at hydropower plant reservoirs and new power sources coming online, the pressure on power supply should ease in May and June. It also said Vietnam has increased power purchases from China by around 100 million kilowatt-hours per month starting April.
- Industrial output tops $13bln in four months
Private-sector industry achieved a growth rate of 16.8% during the period, with an industrial value of VND101.1 trillion ($4.9 billion), while the foreign-invested sector grew by 16.7% for a value of VND114.43 trillion ($5.5 billion). The state-run sector, meanwhile, saw a growth of just 5.1%, fetching a turnover of VND54.95 trillion ($2.65 billion).
- Vietnam tourism receipt poised to grow at a CAGR of 13pct
At present, Vietnam has become a more attractive destination for medical and cosmetic surgeries, by offering cheaper service prices than other countries. This has resulted in a rise in number of visitors from around the world seeking remedies for a range of medical needs. These include both critical health services as well as cosmetic and remedial care.
- Phong Phu and Song Da groups apply for upgrading National Highway No 6
The National Highway No 6, from Ba La to Xuan Mai, has total length of 25 kilometres, connecting Hanoi with northwest provinces. It was estimated that the total investment cost for this project may reach 1.764 trillion dong.
- Vietnam lacks construction standards for underground car parks
Nguyen Hong Tien, director of the ministry’s Technical Infrastructure Department, told the Daily on Tuesday that the ministry’s progress has been held up by numerous overlapping issues involving various ministries. Tien said, for instance, the Ministry of Transport is responsible for traffic circulation at underground car parks, while the Ministry of Natural Resources and Environment is in charge of land use and the Ministry of Construction oversees underground car park construction.
- Electricity price should have been raised by 50pct instead of current 15pct
The fluctuation of the world prices has put much pressure in the price management methods for basic commodities.