The Ministry of Transport of Vitenam will submit plans to restructure five large corporations under its management to the Prime Minister for approval to ensure the effective operations of these concerns.
The five are Vietnam Railway Corporation (VRC), Vietnam National Shipping Lines (Vinalines), Shipbuilding Industry Corporation (SBIC), Vietnam Expressway Corporation (VEC), and Cuu Long Corporation for Investment Development and Project Management of Infrastructure (Cuu Long CIPM).
As for VRC, the ministry has plans to merge Saigon Railway Transport JSC and Hanoi Railway Transport JSC into a single concern.
However, certain divisions will be separated from the consolidated firm, including employees, capital and assets, to set up a joint stock company trading in rail freight transport. When the company operates smoothly, all the State capital at this company will be divested while State ownership at VRC will be reduced to 51%.
Regarding Vinalines, the Ministry of Transport has submitted the PM an equitization plan for the corporation. To cut losses, Vinalines is told to combine with other large groups such as Vietnam National Coal and Mineral Industries Group (Vinacomin), Vietnam Oil and Gas Group (PVN), Hoa Phat Steel JSC and Vissai Ninh Binh to secure enough goods for transport.
Vinalines will also have to liquidate old vessels that no longer operate effectively. The corporation last year managed to sell six 125,000-ton aging vessels, and its current fleet still comprises 91 ships with a combined tonnage of over 1.8 million tons.
It will hold 65% of chartered capital in three key ports, namely Haiphong, Danang and Saigon, and will maintain its ownership of 49% at Khuyen Luong Port JSC and 51% at Nghe Tinh and Can Tho Port JSCs.
As of 2017, Vinalines has divested State capital from 39 enterprises, including complete divestment from 31 enterprises, fetching VND2.4 trillion (US$105.6 million), and earning profit of VND360 billion.
The corporation also settled nearly VND6.6 trillion in debts including over VND1 trillion of principal at the Vietnam Development Bank (VDB) and paid debts totaling VND5.6 trillion. As of 2017, Vinalines still owes VND14.7 trillion.
Vietnam sustains FDI growth amid US-China trade war
Japan was the largest source country, with 429 newly granted FDI projects totalling $8.5bn, MPI figures show
ASEAN seeks measures to push sustainable tourism development
ASEAN members gathered in Vietnamst ouching upon measures to speed up sustainable tourism development.
Nearly 200 delegates, including leaders of national tourism organizations (NTOs) of ASEAN members and the regional groupings partners gathered in Vietnams northern Quang Ninh province on Monday, touching upon measures to speed up sustainable tourism development.
Addressing the meeting, Nguyen Trung Khanh, general director of the Vietnam National Administration of Tourism, said tourism sector makes contributions to better political and cultural understanding, and closer bilateral and multilateral cooperation not only among regional countries, but also among nations in the world.
At the 49th meeting of NTOs of countries of the Association of Southeast Asian Nations (ASEAN) which opened on Monday in Quang Ninhs Ha Long city, the delegates also highlighted contributions of tourism sector to gross domestic product.
Thailand Is Second Most Visited Country In Asia
Thailand attracted second highest number of tourists in the region with 32.58 million visitors in 2016
The Asia Pacific region accounts for 30 per cent of the world’s international tourism receipts
But Bangkok has been engulfed by smog for the past few days, raising questions about how seriously the authorities are taking the air pollution problem in the Thai capital.
Experts warn of the threat to public health if the unhealthy air quality levels persist, urging authorities to enforce mitigation measures to protect people’s health
It has been almost a week since the PM2.5 level in Bangkok rose significantly, forming a thick layer of smog over the city, but authorities are still scrambling to find solutions to help ease the problem
Spraying water over Greater Bangkok’s sky, trying to produce artificial rain haven’t brought any significant results so far.
The Asia Pacific region has outperformed all other regions in terms of growth, with international tourist arrivals increasing an average 7% per year compared to the world average of 4%.
The Asia Pacific region accounts for 30 per cent of the world’s international tourism receipts.
Thailand attracted second highest number of tourists in the region with 32.58 million visitors in 2016.
Source : English.news.cn
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