Update news VEC

Top transport groups speed up restructure

Various state-run transport giants in Vietnam are seeking to diversify investment sources and restructure in order to sufficiently pull out of the mire of the last couple of years.

VEC deputy general director arrested

Le Quang Hao, deputy general director of State-run Vietnam Expressway Corporation, was arrested on May 11 over violations in the management of the Danang-Quang Ngai Expressway project.

Experts propose to develop waterways instead of pouring money into roads

VietNamNet Bridge - Waterway transport has not been fully exploited, even though Vietnam has 3,200 kilometers of coastline, 6,500 kilometers of river, 126 river ports, and 2,300 passenger and 4,800 cargo loading berths. 

Japanese investor speaks out

Poor logistics and transport infrastructure and customs hassles are the major reasons for Viet Nam's inability to attract Japanese investment, a Japanese trade expert told a conference on investment promotion and logistics in Da Nang late last week.

VEC: 400cc motorbikes still disallowed on expressways

 VietNamNet Bridge – Vietnam Expressway Corporation (VEC) has rejected recent media reports that it will begin a pilot scheme permitting motorcycles with engines of 400cc or bigger to use expressways which are currently for automobiles only.

Expy operation right transfer attracts interest

 VietNamNet Bridge – Multiple domestic and international investors have expressed interest in acquiring expressway operation rights since the Ministry of Transport announced the sale of operation rights to some traffic infrastructure works

Ministry says highway costs reasonable

The Ministry of Construction (MOC) has said the investment rate of highways in Vietnam is higher than in China but lower than in developed countries, denying the assertion that Vietnamese highways are the most expensive in the world.

In disagreement with compensation, people blocked newly-built highway

 VietNamNet Bridge - Unsatisfied with the compensation rates for land and crops, farmers in Vinh Phuc province blocked the newly-inaugurated Noi Bai-Lao Cai highway in protest.

Korean director of Dau Giay Highway project contractor suspended

The Korean director of the Posco E&C contractor and leaders of two construction groups were suspended while two deputy general directors of the Vietnam Expressway Corporation were reprimanded.