Central Vietnam hub Danang seeks investment for urban railway airport link
Da Nang is calling for investment in a major urban railway project that will connect the Danang International Airport with the central city’s famous My Khe Beach.
The 14.9 kilometer route will have 19 stations and a depot, municipal authorities said Wednesday.
The project is part of a broader transportation network development scheme outlined in the city master plan for the 2021-2030 period (with vision until 2050) approved by the Prime Minister in March 2021.
Under the masterplan, the central city aims to develop two MRT (mass rapid transit) lines and two LRT (light rail transit) routes by 2030, followed by another four LRT lines and one BRT (bus rapid transit) route by 2045.
The plan accords priority to the Danang Airport-Tran Thi Ly Bridge-My Khe Beach route, which will follow a transit-oriented development (TOD) model, encouraging urban redevelopment along the LRT corridor.
The route will be funded through the public-private partnership (PPP) model and deployed as a build-lease-transfer (BLT) or build-operate-transfer (BOT) project.
By 2050, Danang will build a total of 11 LRT lines, two MRT lines and three tourist-focused LRT routes. Some of the LRT routes will utilize the existing infrastructure of the North-South national railway line after the current railway station is relocated outside the city.
The urban railway network will be part of a larger public transport network that links with neighboring towns including Hoi An in Quang Nam province and Lang Co in Thua Thien-Hue province.
- Read More
HSBC provides first green trade facility in Vietnam’s seafood industry
HSBC Vietnam has entered an agreement to provide green trade financing to Vinh Hoan Corporation, marking the first ever green facility that the former has arranged for the latter and for the seafood sector.
Banking - Thu, November 14, 2024 | 2:11 pm GMT+7
Thailand’s Central Retail opens $17 mln mall in southern Vietnam
Thailand’s leading retailer Central Retail has launched its 41st Vietnam outlet, the GO! Bac Lieu mall, in the eponymous Mekong Delta province.
Industries - Thu, November 14, 2024 | 1:47 pm GMT+7
Taiwan cooling solution firm AVC to spend $18 mln on building factory in Vietnam
Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will spend VND457.1 billion ($18 million) on building a second phase factory in Vietnam.
Industries - Thu, November 14, 2024 | 11:07 am GMT+7
Vietnam stock market likely to face valuation discounts during Trump’s presidency: analysts
Emerging markets, including Vietnam, may face valuation discounts during President-elect Donald Trump’s second term, say analysts at Vietnam-focused fund management company Dragon Capital.
Finance - Thu, November 14, 2024 | 10:26 am GMT+7
Viettel launches world's first O-RAN 5G network using Qualcomm chipset platforms
Viettel has announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house, marking the world's first O-RAN 5G network utilizing Qualcomm Technologies' 5G RAN platforms.
Companies - Thu, November 14, 2024 | 9:52 am GMT+7
Malaysia commits to net zero emissions by 2050
Malaysia has committed to achieving net-zero greenhouse gas emissions by 2050, positioning itself as a responsible global player in the fight against climate change despite contributing just 0.8% of global emissions.
Southeast Asia - Thu, November 14, 2024 | 8:25 am GMT+7
Thailand eyes congestion charges to ease capital traffic
The Thai Ministry of Transport said on Tuesday that it is exploring the implementation of a congestion charge program to alleviate chronic traffic problems in the capital city of Bangkok, improve air quality and promote the use of public transportation.
Southeast Asia - Thu, November 14, 2024 | 8:24 am GMT+7
Indonesia, Japan agree to reduce greenhouse gas emission
Indonesia and Japan on Tuesday agreed to start implementing the Mutual Recognition Arrangement (MRA) for the implementation of bilateral carbon trading cooperation.
Southeast Asia - Thu, November 14, 2024 | 8:22 am GMT+7
Thailand remains world's fourth biggest exporter of pet food
Thailand remains the world’s fourth largest pet food exporter, tapping into a booming global market valued at over $280 billion.
Southeast Asia - Thu, November 14, 2024 | 8:20 am GMT+7
Banking stocks to gain as Vietnam market nears status upgrade: experts
Banking stocks are set to benefit the most from the impending upgrade of Vietnam’s stock market to “emerging market” status, with an influx of foreign investment and heightened market activity in the near future, experts say.
Banking - Thu, November 14, 2024 | 8:00 am GMT+7
Vietnam faces complex challenge as counterfeits shift to cyberspace
Even as the prevalence of counterfeit goods in traditional markets has dropped significantly, their online presence has become a growing concern, says Nguyen Ngoc Ty, CEO of Non Son Fashion Company Limited, a company dedicated to producing and selling hats and helmets.
Economy - Wed, November 13, 2024 | 7:21 pm GMT+7
Japan food firm Kyokuyo completes $14 mln factory in southern Vietnam
Kyokuyo Vina Foods Co., Ltd., under Japan’s food firm Kyokuyo, has completed the construction of a JPY2.1 billion ($13.5 million) factory, its first facility in Vietnam.
Companies - Wed, November 13, 2024 | 4:23 pm GMT+7
StanChart arranges $100 million syndicated loan for Vietnam-based Stavian Chemical
Standard Chartered Vietnam has acted as the sole mandated lead arranger and bookrunner in a $100 million maiden offshore syndicated loan transaction for Stavian Chemical JSC.
Banking - Wed, November 13, 2024 | 4:19 pm GMT+7
Vietnam dong hits historic low
The Vietnamese dong (VND) has reached a historic low against the U.S. dollar (USD) as the greenback continues strengthening on the international market.
Banking - Wed, November 13, 2024 | 3:48 pm GMT+7
Vietnam gov't seeks parliamentary green light for colossal high-speed railway project
An ambitious plan to build a transnational high-speed railway route has been proposed to the Vietnamese parliament for approval amid concerns about the project’s financial feasibility.
Infrastructure - Wed, November 13, 2024 | 3:19 pm GMT+7
Climate change can cut Asia-Pacific GDP by 16.9%, Vietnam by 30%: ADB
By 2070, climate change under a high-end emissions scenario can cause a total loss of 16.9% of GDP across the Asia-Pacific region, the Asian Development Bank (ADB) has said in its “Asia-Pacific Climate Report 2024.”
Economy - Wed, November 13, 2024 | 3:11 pm GMT+7