Latest News about MOT
The MoT proposed to halt the establishment of new airlines, with new applications considered only once the aviation market rebounds to a normal state.
State management agencies are at a loss in finding suitable capital for improving the runways at Noi Bai and Tan Son Nhat international airports.
The transport sector could make a breakthrough in investment mobilisation for national key projects this year.
Nguyen Van The, Minister of Transport talks to the Thời báo Kinh tế (Economics Times) newspaper that the transport sector will do its best to achieve many breakthroughs to take the sector to a higher level.
The Ministry of Transport held a roundtable to discuss the possibility of direct flights to the US, and the opportunities and challenges facing the Vietnamese aviation sector.
Deo Ca, Vinaconex, Tasco, Sungroup and Vingroup all hope to participate in implementation of the North-South Expressway project.
The Ministry of Transport (MoT) will punish organisations and individuals in project management units whose failure to fulfill their responsibilities cause a slow disbursement of funds.
The 12 unprofitable projects under the management of the Ministry of Industry and Trade (MOIT), as well as projects under the management of the Ministry of Transport (MOT), need checking and reconsideration.
While Japanese contractors are absent, many Chinese enterprises have registered to attend the bids for eight component projects of the north-south rail expressway project.
Experts say the north-south expressway project worth tens of billions of dollars raises big questions in the context of ‘every locality has one airport’ race.
The requirements on financial capability and experience that contractors must have for the north-south expressway project are out of reach of domestic enterprises.
Contrary to earlier predictions, 26 Vietnamese investors have expressed interest in the north-south rail expressway project.
Even the Mekong Delta, the biggest fruit granary of the country, is having a tough time selling fruit in the midst of massive imports.
The Ministry of Transport (MOT) has issued documents for international bidding to find investors for 5 out of 8 component projects of the North-South Expressway.
Still the ‘engine’ of the country’s economic development, southern provinces have seen growth slowing down.
The representative of the Project Management Unit No 2 under MOT said many foreign investors from France, Japan and South Korea have expressed interest in the Highway 45-Nghi Son section of the north-south expressway project.
Only investors from China have shown willingness to implement the north-south high-speed railway, sparking concern among National Assembly’s deputies, according to MOT.
Nearly half of the transport BOT projects under the management of the Directorate for Roads of Vietnam (DFRV) report low revenue, with many of them incurring big losses.