Hanoi's tourist magnet Railway Street shut down
Police and civil defense forces in Hoan Kiem district set up Thursday barricades at both ends of Hanoi's Railway Street to prevent tourists from entering the railway safety corridor.
Previously, Hoan Kiem district people's committee had stated Wednesday that it would close the cafes along the route that encroaches upon the railway safety corridor.
According to official statistics, there are more than 30 cafe households right next to the train route passing through Hang Bong, Cua Dong, Cua Nam, Hang Ma and Dong Xuan wards.
All the cafes are violating the railway safety corridor limit, causing accident risks, according to local authorities.
However, the district is eyeing a project associated with this railway to form a tourist attraction, derived from the legitimate needs and aspirations of local people and visitors on the condition that safety is secured and laws are enforced.
Vietnam Railways on Monday had sent a written request to the Hanoi People's Committee, asking city authorities to completely crack down on trading and photo-taking at cafes along the railway line to the north of Hanoi Station.
According to Vietnam Railways, in early 2018, there appeared a type of tourism activity whereby foreign tourists visited, filmed and took photos on the Railway Street, especially when a train passed by, in the area north of Hanoi Station.
Then, the cafes displayed tables and chairs to sell drinks to tourists within the railway traffic safety corridor not accessible to the public.
When the Covid-19 pandemic was contained, the encroachment of the railway safety corridor in this area recurred.
- Read More
Vietnam PM requests stable power supply during peak period
Vietnamese Prime Minister Pham Minh Chinh on Monday ordered drastic, synchronous and effective measures to ensure stable power supply during the peak period this year and beyond.
Top News - Tue, April 16, 2024 | 1:12 pm GMT+7
Misinformation negatively impacts stock market: broker SSI
As the Vietnamese stock market is highly sensitive and official media information can heavily impact investor sentiment, misinformation can hurt the market, said Nguyen Duy Hung, chairman of top broker SSI Securities.
Society - Tue, April 16, 2024 | 11:50 am GMT+7
Arrested businessman’s fingerprints cover Thuan An Group
Hanoi-based Thuan An Group JSC has grown rapidly thanks to winning construction contracts for projects across the country that bear the mark of 50-year-old businessman Nguyen Duy Hung.
Companies - Tue, April 16, 2024 | 11:24 am GMT+7
US First Solar plans to invest $943 mln to increase output of Vietnam plant
First Solar, an American manufacturer of solar panels, plans to invest VND23.9 trillion ($942.5 million) to increase the capacity of its Vietnam factory.
Energy - Tue, April 16, 2024 | 10:46 am GMT+7
U.S. dollar hits new high versus Vietnam dong
The U.S. dollar has continued to strengthen against the Vietnamese dong, reaching a new high at commercial banks and causing another headache for the country’s central bank, which has been ordered to stem gold fever.
Banking - Tue, April 16, 2024 | 10:40 am GMT+7
Private lender OCB targets 66% rise in 2024 pre-tax profit
Vietnam’s Orient Commercial Bank (OCB) is targeting a pre-tax profit of nearly VND6.9 trillion ($274 million) this year, an increase of 66% from 2023.
Banking - Tue, April 16, 2024 | 9:23 am GMT+7
Vietnamese billionaires lose $479 mln on stock market plunge
The five wealthiest billionaires in Vietnam lost a total of VND12 trillion ($479.3 million) on Monday when the VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), plummeted 60 points, the sharpest fall in nearly 2 years.
Finance - Tue, April 16, 2024 | 8:10 am GMT+7
Malaysia sets up clean energy exchange
The Malaysian government has agreed to establish the Energy Exchange Malaysia (Enegem) to facilitate cross-border sales of green electricity to neighboring countries.
Southeast Asia - Mon, April 15, 2024 | 11:11 pm GMT+7
Malaysia pursues holistic strategy to lure Chinese tourists
Malaysia is adopting a holistic approach to boost Chinese tourist arrivals, moving beyond traditional promotional methods to create an ecosystem that enhances visitors' experience.
Southeast Asia - Mon, April 15, 2024 | 11:11 pm GMT+7
Thuan An Group chairman arrested for bidding violations
Nguyen Duy Hung, chairman of Hanoi-headquartered Thuan An Group Joint Stock Company, was detained on Monday for “violating bidding regulations causing serious consequences” and “bribing”.
Society - Mon, April 15, 2024 | 9:18 pm GMT+7
Vietnam steel magnate says excessive imports threaten domestic production
Rising steel imports are threatening domestic production, said Tran Dinh Long, chairman of Vietnamese steel producer Hoa Phat Group.
Companies - Mon, April 15, 2024 | 8:37 pm GMT+7
Apple announces Vietnam expansion, CEO Cook in town
Tech giant Apple announced plans to increase investments in manufacturing hub Vietnam as CEO Tim Cook began a two-day visit to the country on Monday.
Industries - Mon, April 15, 2024 | 6:26 pm GMT+7
Thailand looks towards cashless society
Financial transactions via PromptPay - Thailand’s national electronic payment platform – reached a new high last year while cash transactions posted a notable decline.
Southeast Asia - Mon, April 15, 2024 | 5:30 pm GMT+7
Pizza 4P’s makes $4.6 mln after-tax profit in 2023, up 38%
Pizza 4P's, a popular Vietnam-based pizza chain, earned post-tax profits of VND115.3 billion ($4.58 million) in 2023, up 38% year-on-year.
Companies - Mon, April 15, 2024 | 5:14 pm GMT+7
Warburg Pincus to invest in Xuyen A hospital chain in Vietnam
Warburg Pincus, one of the leading U.S. investment funds, will invest in Xuyen A, a major private hospital chain in Vietnam.
Companies - Mon, April 15, 2024 | 5:09 pm GMT+7
Vietnam central bank prepares to auction gold bars as buying fever rages
After a decade-plus hiatus, Vietnam’s central bank will auction SJC-branded gold bars in the coming days as it bids to narrow the gap between domestic and global prices.
Banking - Mon, April 15, 2024 | 4:41 pm GMT+7
- Opinion
-
Abundant real estate opportunities surround HCMC
-
Bonds essential capital source for real estate market
-
Hanoi metro projects a thorn in the flesh
-
Vietnam banking system needs serious shake-up: expert
-
Cultural due diligence critical to nurturing foreign bank 'marriages'
-
High costs, uncertain returns deterring AI investment in Vietnam