return icon Vietnamnet.vn

China contributes US$1.4 million for planning of express railway project in Vietnam

The Chinese Government has provided nonrefundable aid of 10 million Chinese yuan (US$1.4 million) for a feasibility study for the Lao Cai-Hanoi-Haiphong express railway project, according to the Ministry of Transport.

 

{keywords}

Passengers board a train. China has provided nonrefundable aid of 10 million Chinese yuan for the planning process of the Lao Cai-Hanoi-Haiphong express railway project

 

 

With an estimated investment of VND100 trillion (US$4.3 billion), the line is scheduled to pass through eight cities and provinces: Lao Cai, Yen Bai, Phu Tho, Vinh Phuc, Hanoi, Hung Yen, Hai Duong and Haiphong.

Under a general plan for developing Vietnam's railway transport system until 2020 with a vision to 2030, the railway was designed to have a total length of 380 kilometers.

However, according to the consulting firm’s plan for the project, the railway will be 392 kilometers long with 38 stations.

The Ministry of Transport has worked with the localities where the railway will pass through to determine the coordinates of the railway and positions of stations.

After the consulting firm completes the feasibility study for the project, the Vietnam Railway Authority will refer to the study results to complete the plan for the country’s railway system by 2030 with a vision toward 2050 and submit it to the prime minister for approval, in line with the Planning Law.

The Ministry of Transport confirmed that it will make preparations to develop the project in line with the law based on the approved plan, priority order of projects and the ability to mobilize capital. The project will be submitted to the National Assembly for consideration and approval. SGT

Le Anh

China makes up nearly 40% of Vietnam’s steel imports despite tighter trade measures

China makes up nearly 40% of Vietnam’s steel imports despite tighter trade measures

The neighboring country remained Vietnam’s leading supplier of steel over the last three years, with the quantity and value growing at two-digit growth rates annually.

Vietnam Jan-Oct trade deficit with China hits record high of US$29 billion

Vietnam Jan-Oct trade deficit with China hits record high of US$29 billion

The US-China trade war may be behind such a record figure.

MORE NEWS

Fashion shows to spread quintessence of Vietnamese culture and heritage

The series is the brainchild of former supermodel Ha Vy and director Hoang Cong Cuong, who is the mastermind of several big events in Vietnam including the opening ceremony of the Southeast Asian Games (SEA Games) 31 in Hanoi in May.

Low-carbon rice production helps Vietnam meet emission target

Rice, which is Vietnam’s most important crop and grown on more than half of its agricultural land area, accounts for 48 per cent of the agriculture sector’s GHG emissions and over 75 per cent of methane emissions.

VIETNAM BUSINESS NEWS SEPTEMBER 26

Number of air passengers down 14% in September

Vietnam needs highly skilled labour force to compete

The vocational training system of Vietnam needs reforming to create highly-skilled human resources that meet the requirements of the labour market in increasingly integrated international market, experts said.

Lengthy visa process a setback for FDI firms

The visa process does not always go smoothly. Sometimes, it moves so slowly that some specialists cannot enter Vietnam on schedule, leading to production disruptions.

Petrol and oil price stabilisation fund requires thorough appraisal

The Government needs to carefully evaluate the effectiveness of the petrol and oil price stabilisation fund in keeping the commodity’s retail prices stable before deciding to maintain or eliminate the tool, experts said.

Embedded finance the next big thing: summit

Embedded finance is the next big thing in the financial services industry as it has integrated seamlessly into the local fintech landscape in recent years, experts said at a meeting last Friday in HCM City.

Entertainment and cultural events of the week (September 26-October 2)

Upcoming entertainment and cultural events in Vietnam's major cities on September 26-October 2.

VIETNAM NEWS HEADLINES SEPTEMBER 26

PM orders urgent measures against Storm Noru

Beauties wow in traditional costume contest at Miss Grand Vietnam

Vietnamese beauties boasted of their charm in a traditional costume segment of the ongoing Miss Grand Vietnam 2022 taking place on September 23.

State Bank’ rate hike necessary to defend VND, control inflation: ADB Country Director

ADB Country Director Andrew Jeffries has talked on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation.

Prop-tech has potential but faces challenges

Many prop-tech startups are facing challenges, though it is a new market with potential in Vietnam.

Prime Minister asked to stabilise rice price

India's restriction on rice exports is said to have an impact on the volume and price of Vietnamese rice exports.

Vietnamese artworks to go under the hammer in France

The auction’s highlight is Les Rapides de Cho Bo, a six-panel lacquer screen with gold highlights, painted in 1942 by Le Quoc Loc. The artwork is estimated to fetch €400,000 ($396,000), the highest price of the lot.

A pearl in mountainous province

Referred to as the “Halong Bay of the northwest region”, Nong Dung Lake has recently been attracting tourists as an ecotourism destination due to its emerald water and poetic scenery.
back_to_top