Japan supports HCM City to develop urban infrastructure

Japan on February 21 signed a memorandum of understanding (MoU) with Vietnam’s southern economic hub of Ho Chi Minh City to strengthen the city’s urban railway management capacity. The sides concerned are the HCMC Management Authority for Urban Railways, the HCMC Urban Railway Company Limited No.1, and the Tokyo Metro. The signing aims to prepare […]

Gov’t considers giving Vietnam Railways back to Transport Ministry

Prime Minister Nguyen Xuan Phuc has requested for an analysis on a proposal to move Vietnam Railways (VNR) under the umbrella of the Ministry of Transport following legal confusion that left the corporation with no budget for railway maintenance. The Ministry of Transport (MoT) and the Commission for Management of State Capital at Enterprises (CMSC), which currently oversees the VNR, were asked […]

Vietnam eases border trade restrictions with China to help virus-hit businesses

Vietnam has eased restrictions on cross-border trade with China to prop up economic activities hit by the new coronavirus, the Ministry of Industry and Trade said on Thursday. China is Vietnam’s largest trading partner and the Southeast Asian country’s manufacturing sector relies on it for materials and equipment. China is also Vietnam’s key market for […]

Parliament approves EU-Vietnam free trade and investment protection deals

The EU-Vietnam trade agreement, the “most modern and ambitious agreement ever concluded between the EU and a developing country”, got Parliament’s backing on Wednesday. MEPs gave their consent to the free trade agreement by 401 votes, 192 votes against and 40 abstentions. The “most modern, comprehensive and ambitious agreement ever concluded between the EU and […]