Transport & Automobile Industry News

Vietnam's capital allocates $18b for transportation projects (10/07/2008)
The Vietnamese capital, Hanoi, announced plans to spend about $18 billion over the next 12 years improving transport links to ease congestion, AP reported. The Vietnamese capital's plan includes spending $7 billion on highway projects, $7.5 billion on railways and $2 billion on airports, according to a statement posted by the government.
The transport upgrades will take up at least 13,800 hectares, or 15 percent of Hanoi's total land area following an expansion plan, the statement said. Dung has endorsed a proposal to increase the city's land area more than 13-fold by 2050. The city's population is likely to rise to 18 million by then from an expected 4.5 million in 2010, according to the government.
(Source:- http://www.menafn.com/qn_news_story_s.asp?StoryId=1093203494)
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Construction on most modern road of Vietnam to start (08/07/2008)
Construction on Ha Tay's northeast axis road, which was started by Nam Cuong Corp and Ha Tay local governance on July 6, was regarded as a hit to wake up socio-economic potentials in the west region of Hanoi. This 60-kilometre road begins in Van Phuc village, Ha Tay province's Phuc Tho district, goes through seven districts of Ha Tay and merges into Do Xa-Quan Son traffic network in Phu Xuyen district. There will be industrial zones, new urban zones, services and trade networks, culture centres, and trade villages to form along this axis such as urban zones of Thach Phuc, Quoc Oai, Chuong My, Ung Hoa and Phu Xuyen. The population of these zones will be approximately 500 thousand. With total investment of 7.694 trillion dong, the construction will take five years.
(Source:- http://www.vnbusinessnews.com/2008/07/construction-on-most-modern-road-of.html)
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Railway Joining Ha Noi Station with Noi Bai Airport Proposed (07/07/2008)
A scheme to build a railway route joining Ha Noi railway station with terminals T1, T2 of the Noi Bai International Airport has been submitted by the Viet Nam Railway Corporation to the Ministry of Transport of Viet Nam for approval. It is predicted that the two terminals T1 and T2 will receive some three million international passengers and over 3.3 million local passengers by 2010.
(Source:-  http://www.vnbusinessnews.com/2008/07/railway-joining-ha-noi-station-with-noi.html)
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1.6tr dong of G-bonds to be issued for Noi Bai-Lao Cai highway project (07/07/2008)
The Ministry of Transportation (MoT) recently issued a Dispatch No 293/TB-BGTVT requiring the Viet Nam Expressway Development and Investment Co (VEC) to urgently submit to the Ministry of Finance the plan of issuing 1.6 trillion dong of guaranteed G-bonds in the fourth quarter of the year at the latest so as to have enough capital for carrying out the first phase of the Noi Bai-Lao Cai highway project. he first stage of the project has the length of 264 kilometres invested by VEC with the total investment capital of US$1.249 billion, of which the expenditure for installation and construction is US$1.096 billion financed by ADB.
(Source:- http://www.vnbusinessnews.com/2008/07/16tr-dong-of-g-bonds-to-be-issued-for.html)
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Vietnam's car sales up 141 percent in first half (07/07/2008)
Car sales in Viet Nam during the first half of this year nearly tripled from the same period last year, the Viet Nam Automobile Manufacturers Association said Tuesday, despite slowing economic growth. The volume sold by 17 car makers surged 141% to 68,609 units in the six months to end June, the association said in its monthly report. Sales last month were up 60% from June 2007, reaching 9,749 units.
(Source:- http://www.vnbusinessnews.com/2008/07/june-new-vehicle-sales-up-60-on-year.html)
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Super cars still arriving despite measures (07/07/2008)

On July 2, a Mercedes S63 AMG and a BMW X6 worth more than VND9bil, which were carried by air, arrived at Noi Bai airport. Just in the first half of 2008, the total import turnover of CBU cars (complete built units) and car parts reached more than $1.3bil, one of 10 items with import turnover of over $1bil.
(Source:- http://www.vnbusinessnews.com/2008/07/super-cars-still-arriving-despite.html)

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Works begins on north-south road link, scheduled to open in 2013 (07/07/2008)
Construction starts on the VND7.7 trillion (US$466.3 million) north-south road in Ha Tay northern province yesterday, a fast link that will provide economic and social potential for the north-west region. The 63km road will pass through seven districts in Ha Tay Province from Phuc Tho (36 km from Hanoi) to Phu Xuyen District (35 km from Hanoi). The four-lane road will have a width of 42m - and a separate 5m strip of trees.
(Source:- http://www.vnbusinessnews.com/2008/07/works-begins-on-north-south-road-link.html)
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HCM City plans two bridges (04/07/2008)
Two more bridges will be built in HCM City over the Rach Chiec River, one in District 9 and the other on the Ha Noi Highway, at a total cost of VND1.48 trillion (US$92.5 million), the city transport department has said. The 629-metre-long Rach Chiec Bridge, located in the eastern ring road in District 9's Phuoc Long B Ward, will be built in 2008-10 period at VND473 billion ($29.6 million). The money will be sourced from the city¡¦s coffers or loans.
(Source:- http://www.vnbusinessnews.com/2008/07/hcm-city-plans-two-bridges.html)
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Hanoi hopes to become auto industry centre (24/06/2008)
The city strives to have strong automobile supporting industries in the near future in order to satisfy the demand for economic development. In the time to come, cooperation among domestic enterprises will be strengthened, while local authorities will pay appropriate attention to the supporting programmes (trade promotion campaigns, calls for investment). In the immediate time, 40 enterprises in Hanoi will be associated under the programme.
(Source:- http://www.vnbusinessnews.com/2008/06/hanoi-hopes-to-become-auto-industry.html)
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Commercial vehicles: the playing field of Vietnamese manufacturers (23/06/2008)
Trucks, commercial vehicles and specialised vehicles will remain the biggest advantages of Vietnamese automobile manufacturers. Statistics show that in 2007, local automobile manufacturers, including joint ventures, churned out and sold more than 80,000 units, and the figure is expected to rise to over 100,000 units by 2010.
(Source:- http://www.vnbusinessnews.com/2008/06/commercial-vehicles-playing-field-of.html)
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Traffic and transport plan outlined (23/Oct/2007)

Deputy Prime Minister Hoang Trung Hai asserted the Government¡¦s dedication to develop a much-needed modern transportation system that meets global expectations and standards, during his discussion withHa Noi transport officials and the People¡¦s Committee on Saturday. More»

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Seaports: good destinations for foreign investment now (01/Oct/2007)

The government of Vietnam has been calling for foreign investment in domestic seaport system development, and foreign investors have responded enthusiastically. More»

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Container port starts US$15 million expansion(25/Jan/2007)

The First Logistics Development Company started a new expansion stage for its Vietnam International Container Terminals (VICT) in Ho Chi Minh City on Tuesday. VICT said an additional investment of US$15 million would be used to facilitate the growth of its containerized cargo handling services. When the project is completed, the wharf will have a total length of 678 meters and the port¡¦s handling capacity will rise to 900,000 TEUs per year by 2008. More»

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HCM City¡¦s transport overhaul approved(24/Jan/2007)

A new plan for major HCM City transportation development aims to help build the city into one of Southeast Asia¡¦s major commercial hubs by 2020. Approved transportation projects will expand and upgrade roads, rail and waterway transport to international standards, while a new subway and modernisation of the international airport aim to make HCM City a major player on the global stage. More»

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ADB¡¦s $60m loan to boost rail links  (18/Jan/2007)

The Asian Development Bank (ADB) and the Vietnamese Government yesterday signed a loan agreement for US$60 million to help upgrade and modernise the rail link between Ha Noi and Lao Cai on the border with China. The money will go towards rehabilitating the track, railway stations and main terminals to permit more and bigger trains to use the line. "The improvements are required to cope with rapidly increasing trade between Viet Nam and the PRC [People¡¦s Republic of China], and to enable international trade from the PRC to be shipped via the container port at Hai Phong," said Peter Broch, ADB project team leader.  More»

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2007: two big highway projects to be executed (18/Jan/2007)

The investment study of the $770mil Noi Bai ¡V Lao Cai highway project has been kicked off, while the $625mil HCM City ¡V Long Thanh ¡V Dau Giay highway project is expected to be implemented this year. The Vietnam Express Highway Corporation (VEC) has been assigned to make investment in the two biggest highways in Vietnam.  More»

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Post-WTO trade boom forces transport upgrade (10/Jan/2007)

A plan through 2020 calls for improved transport between HCM City and the Mekong River Delta, including bigger ships and barges that will have the capacity to haul more cargo. This plan anticipates the increased trade expected to be brought after membership in the World Trade Organisation, which officially begins on January 11. More»

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Vietnam Airlines carries 6.8 million passengers and 106,600 tonnes of cargo in 2006 (04/Jan/2007)

The national flag carrier Vietnam Airlines has said that it transported over 6.8 million passengers in 2006, nearly 1 million more than the previous year. The airlines recorded a seat occupancy rate of 71.9 percent and a market share of 59.3 percent of the transport service industry despite fuel price hikes, fierce competition in air transport services and threats of bird flu outbreaks. More»

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