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Day: December 1, 2024

FDI inflows from the UK to Vietnam show steady growth

the-shiv December 1, 2024

Year-to-date data shows a total of 40 new projects and US$225.65 million in newly registered capital. These figures indicate that the UK continues to play an important role in Vietnam’s economic development, particularly in sectors like manufacturing and processing.

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Vietnam National Assembly approves Hanoi-HCMC High-Speed Rail, opinions mixed

the-shiv December 1, 2024

BBC Vietnamese, for example, has comments from Tran Quoc Viet, Chairman of the Board of Directors of Region 1 Railway Services Joint Stock Company, who essentially suggests it is all moving very fast and points out there is a dearth of high-speed rail expertise in Vietnam to properly assess the project. On that note, Radio Free Asia points out that the pre-feasibility study for the project was conducted by a consortium of local firms.

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Vietnam’s steel production and exports show strong growth in 2024: VSA

the-shiv December 1, 2024

The production of finished steel products of all kinds reached 24.47 million tons, up 8.5 percent year-on-year. Among product categories, metal-coated and color-coated steel recorded the highest growth at 27.1 percent, followed by construction steel at 12.2 percent, steel pipes at 4.6 percent, and hot-rolled coil (HRC) at 3.2 percent. However, cold-rolled steel coil (CRC) production experienced a decline of 16.2 percent.

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Road to second airport for Vietnam’s HCMC delayed amid land acquisition issues

the-shiv December 1, 2024

Bao Giao Thong says this is because on one road 40 percent of the land is defense land though it doesn’t explain why this would cause abnormal delays. It also notes that Tan Binh District needs to hand over land belonging to 68 households before December 28 for a second road if it is to be completed by February 28 next year. It’s not clear if there is a delay here or if a delay is expected.

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