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Old vehicles prove difficult to remove

In Uncategorized on January 12, 2011 at 7:04 am




Old vehicles prove difficult to remove


QĐND – Tuesday, January 11, 2011, 21:34 (GMT+7)

The Vietnam Registration Department said about 70,000 automobiles have passed their expiry date since the beginning of this year and were no longer considered road worthy – but that the majority are still in use.


Furthermore, the department said 40,000 trucks and nearly 30,000 buses have considered no longer roadworthy but that just 10,400 have been impounded.


Than Van Thanh, chief of the National Traffic Safety Committee, said the law prohibits aged vehicles from being on the road for safety reasons.


He added that vehicle owners are also largely ignorant of the law, while others openly flout road regulations because punishments are not strict enough.


The department, which has 88 vehicle registration centres nationwide, said owners often use fake registration documents to bypass the law and fool officials.


Most elderly and illegal vehicles are discovered in major cities such as Hanoi , HCM City and Dong Nai.


The Traffic Department said officials often confiscate registration documents shortly before a vehicle needs to be scrapped, and inform owners and relevant agencies about the approaching deadline.


The Vietnam Registration Department said the number of unfit vehicles on the country’s roads has decreased since Decree No 92 was promulgated.


However, the department said it is not easy to clearly state when foreign-made vehicle should be taken off the roads because of the availability of new parts.


Vehicles that have no documents are automatically considered unroad-worthy.


The department has published the registration numbers of those vehicles that should not be on the road.


Nguyen Huu Tri, the Registration Department head, said a public awareness campaign on the regulation has been run by local media.


Nguyen Duc Nghi, director of the municipal police, said police will step-up checks on trucks and buses. Those found un-roadworthy face fines of 4-6 million VND (190-285 USD) for each violation.


Source: VNA


Source: QDND

Vietnam urges to remove obstacles in infrastructure

In Uncategorized on December 19, 2010 at 9:27 pm




Vietnam urges to remove obstacles in infrastructure


QĐND – Sunday, December 19, 2010, 22:38 (GMT+7)

In the next five to ten years, Vietnam will need around US$70-80 billion to upgrade its infrastructure which is considered one of the main tasks to improve its competitive edge in the region and to further integrate into the international economy.


In 2010, Vietnam has been successful in transitioning from a low-income country to a middle-income country by fullly tapping domestic advantages and improving business environment for both local and international investors. However, Vietnam still faces challenges in terms of infrastructure, which has a negative impact on businesses’ operations.


Hank Tomlinson, President of the American Chamber of Commerce in Vietnam said that there were still shortcomings to the development of Vietnam’s infrastructure, especially in building roads linking to provinces and cities, bridges as well as strategic roads near seaports. This has negative impact on direct foreign investment in the country as these limitations are the reason why many US investors do not want to invest in Vietnam due to these limitations.


One specific limitation is high transportation costs. According to businesses, transportation costs in Vietnam now accounts for a higher proportion of GDP than in other nations in the region. For example, these costs make up 13 percent of GDP in Indonesia and Malaysia, 18 percent in China while it is 25 percent in Vietnam.


Maersk Line Vietnam & Cambodia General Director Peter Smidt-Nielsen said that there are many reasons why transportation costs in Vietnam are higher. However, it is obvious that poor infrastructure is an important factor including traffic jams, lack of transparency and forecast, and backward means of transportation which often do not meet the regulations on weight limit.


To solve these issues, Vice President of the Australian Chamber of Commerce, Brian O’Reilly said that Vietnam should pay attention to the Public-Private Partnership model which will make important contribution to improving infrastructure in Vietnam. In addition, it is necessary to improve administrative formalities, especially those related to infrastructure projects and contracts.


Vietnam has been successful in improving access to infrastructure services over the past 20 years. However, many things need to be done to improve the country’s competitive edge and remove obstacles to the further growth of the national economy. As Vietnam continues to make progress in developing its economy, it is also necessary to continue to adjust policies and institutions accordingly, said deputy minister of Planning and Investment Dang Huy Dong.


According to international surveys, although Vietnam has made major development achievements, it has not resolved issues of infrastructure effectively. This has become the biggest hindrance in improving Vietnam’s business environment. Removing this obstacle will allow Vietnam to continue toward a positive and sustainable economic growth rate and the realization of its goals in the next decade.


Source: VOV


Source: QDND

German police remove nuclear waste train protesters

In Uncategorized on November 8, 2010 at 8:51 am

USD120 billion to remove obstacles on payment balance and short-term liquidity difficulties

In Uncategorized on March 25, 2010 at 3:35 pm




USD120 billion to remove obstacles on payment balance and short-term liquidity difficulties


QĐND – Thursday, March 25, 2010, 21:16 (GMT+7)

The State Bank of Vietnam (SBV) on March 24th reported that Finance Ministers and Central Bank Governors of the ASEAN Member States, China, Japan and Korea (ASEAN+3) and the Monetary Authority of Hong Kong, China announced the Chiang Mai Initiative Multilateralization (CMIM) Agreement came into effect on March 24th, 2010.


The CMIM, worth USD120 billion, will remove obstacles on payment balance and short-term liquidity difficulties in the region and supplement the existing international financial arrangements. Specifically, the CMIC will provide financial assistance through currency swap transactions among CMIM participants.


Each CMIM participant, in accordance with the procedures and conditions set out in the Agreement, is to swap its local currency with US Dollars for an amount up to its contribution multiplied by its purchasing multiplier.


The CMIM is a multilateral currency swap contract among ASEAN+3 members and is developed from the current CMI bilateral swap network. It aims to offer favorable conditions to carry out prompt and simultaneous currency swap transactions through setting up a common decision making mechanism under the framework of a single contract.

Source: CPV

Source: QDND

Over VND5.6 billion to remove dilapidated houses in Dak Nong

In Social life on October 21, 2009 at 1:09 am




Over VND5.6 billion to remove dilapidated houses in Dak Nong


QĐND – Tuesday, October 20, 2009, 20:51 (GMT+7)

PANO – Since 2005 to present, the Central Highlands province of Dak Nong has raised over VND5.6 billion to help the Fund for the poor, the provincial Vietnam Fatherland Front recently reported.


During this period, Dak Nong has renovated and repaired 534 houses of great unity for local poor people and granted scholarships worth hundreds of million VND to students with special difficulties in the area.


Accordingly, there remain over 2,000 poor households living in dilapidated conditions in the province which are expected to be improved and restored from now till 2010.


Translated by Vu Hung


Source: QDND Bookmark & Share