MOT

Update news MOT

Did ANA take a risk in buying a stake in Vietnam Airlines?

VietNamNet Bridge - Analysts believe that ANA Holdings has serious future intentions after buying an 8.8 percent stake of Vietnam Airlines.

Road toll hike delayed to June 1

 VietNamNet Bridge – Nguyen Hong Truong, Deputy Minister of Transport, spoke to the newspaper Thoi bao Kinh te Viet Nam (Viet Nam Economic Times) about the challenges of delaying the increase in road tolls to June 1.

Transport Ministry paves way for foreign toll rights

 VietNamNet Bridge – A number of foreign companies have been rushing to negotiate with Vietnamese partners to secure the right to collect tolls on expressways in Vietnam to tap into their profit potential.

How should Vietnam use ODA?

“Vietnam needs to take full advantage of ODA (official development assistance) provided by developed countries” was the reply to a question about whether the country should become choosier in receiving ODA and turning down some ODA sources.

BT projects attract infrastructure investors

VietNamNet Bridge - BT (build, transfer) is an attractive investment mode because the regulatory law is unclear. With BT, projects can be implemented after the two sides reach agreement. 

How much are ACV shares worth?

Though having set a starting price at VND11,800 per share for the IPO (initial public offering), slated for December 10, the Airports Corporation, and its consultancy firm, believe the real value of the shares is higher.

Where will SOE CEOs go after state’s disinvestment?

VietNamNet Bridge - There are two paths for the leaders of state-owned enterprises (SOEs) to follow after SOEs equitized, either becoming hired workers or civil servants at state agencies. In fact, there is another choice – retirement.

As shipping fees fall, companies still complain about charges

VietNamNet Bridge - Port service fees have been decreasing in recent months, but import/export companies complain they have to pay too many kinds of charges and surcharges.

Economists question viability of port authority model

VietNamNet Bridge - While the Ministry of Transport (MOT) claims the port authority model should be applied to all ports in Vietnam, economists have reconsidered the idea.

Foreign shipping firms oppose freight-fee declaration

VietNamNet Bridge - Some foreign shipping firms in Vietnam oppose the Prime Minister’s proposal to ask firms to declare their shipping fees.

Phu Quoc Airport to be leased to Vietnamese businesses only

VietNamNet Bridge - The Phu Quoc International Airport will be leased to Vietnamese businesses under operation and maintenance contracts for 30 years.

Investors threaten to boycott BOT transport projects

The State Bank has told commercial banks to remain cautious about disbursing money for transport projects developed under the mode of BOT (build, operation, transfer). Meanwhile, investors say that BOT projects have an unreasonable mechanism.

Joint-venture ports start to wear out

VietNamNet Bridge - SP-PSA, CMIT and SSIT Ports in Cai Mep –Thi Vai area of Ba Ria – Vung Tau province and CICT in Quang Ninh, which were developed as deep-water port complexes in the areas, are becoming run-down. 

Vietnam’s public debts not too high, but still risky: economist

VietNamNet Bridge - The Ministry of Finance (MOF) said that Vietnam’s public debt was still within the safety line but economists say they can see high risks.

SBV tells commercial banks to restrict disbursement for BOT projects

VietNamNet Bridge - The State Bank of Vietnam (SBV) has restricted disbursement of funds to implement BOT (build, operation, transfer) transport projects. The aim is to tighten credit for BOT projects. 

Massive imports of Chinese trucks raise concerns

The tightening of control over truck loads and the loosening of control over imports have led to the sharp increase in the number of imported Chinese trucks imported. 

Transport ministry affirms wavy railway meets safety standards

 VietNamNet Bridge – The Ministry of Transport (MoT) issued a press release yesterday (July 3) saying that the controversial wavy line of an under-construction urban railway project observes technical standards.

Heavier fines won't deter traffic violations

Higher penalties are unlikely to reduce traffic violations if root causes are not identified and addressed, Deputy Transport Minister Le DinhTho said.

Storehouses in Lang Son will not save farm produce: analysts

VietNamNet Bridge - Analysts have warned that even if goods transit centers are built in border areas, Vietnam’s farm produce will still be at a disadvantage if Chinese businesses make problems for Vietnamese merchants.

MOIT sells watermelons, MOT drinks milk

The Ministry of Industry and Trade (MOIT) sold watermelon in front of its office in Hanoi, while the Ministry of Transport (MOT) requested its officials to drink milk instead of beer.