Cát Linh – Hà Đông urban railway project started in October 2011 and experienced several delays and cost overruns with total investment adjusted from nearly VNĐ8.8 trillion ($381.3 million) to more than VNĐ20 trillion ($886 million). Photo vietnamplus.vn HÀ NỘI — The long-delayed Cát Linh – Hà Đông urban railway project needs an additional US$7.8 million for supervision and consulting costs, according to the Ministry of Transport. In a recent document sent to the Ministry of Finance, the transport ministry said that the Engineering, Procurement and Construction (EPC) contract of the project could not be completed on schedule, causing delays and increasing the supervision and consulting cost by US$7.83…
Author: Kevin Le
Vietnam’s capital city of Hanoi is considering easing social distancing requirements after September 15 and 21, depending on risk classifications of different areas. The city injects almost 1 million vaccine shots in two days as the capital city is ramping up inoculation efforts. The Hanoi Standing Party Committee said at a meeting on Monday that, the city will decide a plan to relax social distancing rules for a number of services and Covid prevention measures after the days. Khong Minh Tuan, deputy director of the Hanoi Center for Disease Control (CDC), said the Covid situation in the capital is “basically…
Fundiin, a buy-now, pay-later startup company in Vietnam, closed an oversubscribed seed round with participation from Genesia Ventures, JAFCO Asia, Xffirmers, Trihill Capital, and existing investors 1982 Ventures and Zone Startups Ventures. The funds will be used to expand operations, strengthen executive team and further accelerate growth ahead of Fundiin’s upcoming Series A round. Fundiin is the zero-cost buy-now-pay-later startup company in Vietnam, helping retail merchants increase sales by up to 30% by allowing consumers to buy now, pay later, instantly at point of sale and free of charge. The closing of an oversubscribed seed round from leading Japanese funds…
Nguyễn Hoàng Đức has shown that he can mix it with the best Asia has to offer. Photo thethaovanhoa.vn Peter Cowan “The greatest teacher, failure is,” a wise man once said. Okay, Yoda wasn’t so much a wise man as a wise fictional alien, but the vertically challenged green Jedi did have a point. The Việt Nam national team failed to take anything from their first two matches in the third round of World Cup qualification, and while calling the two performances failures would be awfully harsh, we did learn an awful lot about the…
Health authorities reported, over 29.28 million people in Vietnam have received at least one Covid-19 vaccine shot, in which 5.32 million people have been fully vaccinated. 345 fully vaccinated people from the U.S. arrived at the Van Don Airport in the northern province of Quang Ninh in two flights Sunday under vaccine passport policy. The country also recorded another 11,168 new Covid-19 cases in 35 localities Monday, down 301 from previous day. The new cases brings the country total to 620,166. Of the day’s tally, 5,926 cases were detected in the community with unclear sources of transmission while the rest…
HCM City Health Department has proposed to the health ministry to shorten the interval between doses of the AstraZeneca vaccine More stories at Vietnam Insider’s homepage. The department wants to shorten the interval from 8-12 weeks to six weeks. It is hoped that shorter intervals will help speed up the vaccination campaign. Statistics from the Bureau of Population – Family Planning show that as of June 30, HCM City has over 7.2 million adults. By the end of September 11, the city has administered over 7.7 million shots. Of which 1.3 million people have had two shots. Over 4.8 million…
A person in HCM City receives a shot of a COVID-19 vaccine in June. The city wants to reduce the time between two AstraZeneca shots to speed up its immunisation efforts. — VNA Photo Thanh Vũ HCM CITY – The HCM City Department of Health has sought approval from the Ministry of Health to reduce the time between two AstraZeneca COVID-19 shots from the usual eight to 12 weeks down to six weeks to speed up immunisation. The city has speeded up vaccination for people aged 18 and above, administering around 200,000 doses every day in the last five…
Authorities in Ba Ria-Vung Tau will allow four resorts and tourist areas in green zones to admit fully vaccinated travelers from within the country from September 15. More stories at Vietnam Insider’s homepage. Grand Ho Tram Strip tourism complex, Melia Ho Tram beach resort and Binh Chau Hot Spring Resort in Xuyen Moc District, and Six Senses Con Dao beach resort in Con Dao District will welcome domestic tourists from September 15. The facilities must have all anti-pandemic measures in place. They must have quarantine areas and ensure staff stay at the workplace and have been vaccinated at least once…
Due to negative impacts caused by the fourth Covid-19 wave, seventy six percent of European companies in Vietnam have recorded a negative outlook in the third quarter this year. A survey by the European Chamber of Commerce in Vietnam (EuroCham) showed, 71 percent of 193 European business leaders anticipate challenges in the next quarter. The Business Climate Index, which measures business leaders’ sentiment quarterly, fell to the lowest in over a decade of tracking at 15.2 over 100 points, data showed. ###: Businesses facing lack of human resources when reopening Seventy percent of business leaders cited the main challenge they were…
The banking system and credit institutions are the lifeblood of the nation’s economy, with digital information in banking and finance set to become one of the key factors in the digital economy. Addressing the an online forum “Digital Finance 2021” held by the Vietnam Financial Times last week, Nguyen Viet Hung, deputy head of the Financial Informatics and Statistics Department, told participants that the digital economy, digital government and digital society were three key pillars that supported the national digital transformation program. “Digital government helps the government operate more efficiently, effectively and transparently. The digital economy promotes innovation, creates new…