Vietnam's electric vehicle market, holding just 15 per cent of the automotive market share, shows promise but faces significant challenges in scaling up due to infrastructure and regulatory obstacles.
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Prime Minister Nguyen Xuan Phuc inaugurated three key traffic projects worth about $864 million invested by Sun Group on December 30th, 2018.
The Prime Minister has formally approved the proposal of the Ministry of Transport on the licensing of air transportation business for Bamboo Airways, a member of the FLC Group.
More than 13.7 hectares of remediated land at the Danang international airport has just been handed over to the control of the Ministry of Transportation.
VinaCapital has just launched a $100 million tech-focused venture capital fund, aiming to help fledgling startups and small and medium sized enterprises in the technology field, of which FastGo and LOGIVAN, two startups on technology solutions in the field of transportation will be its very first investment.
The number of airplanes ordered and purchased by Bamboo Airways is beyond the guidelines approved by the Prime Minister as well as the application for air transportation business license of the airline remains pending.
Inheriting the monopoly advantage in the aviation industry from its founding shareholders, ALS quickly harvests the rewards from choosing the right target to focus on, which is the demand for transportation of goods, components production of foreign direct investment (FDI) enterprises such as Samsung and LG to industrial parks around Hanoi city.
Vietnam's air cargo transportation brings about 25 per cent of the total export value though it currently accounts for less than one per cent of total export volume.
At the meeting with Deputy Prime Minister Trinh Dinh Dung on November 22, Richard Courey, Chairman of Vision Transportation Group (VTG) expressed the group’s desire to invest in the urban railway No.2 connecting Noi Bai airport and the West lake in the form of public-private partnerships (PPPs).
According to World Bank's Lead Economist for Vietnam Sebastian Eckardt, Vietnam should recognize that the fiscal space for investment is limited and therefore prioritize the important projects.
The Ministry of Planning and Investment (MPI) has proposed stopping Thach Khe iron mine project due to four concerns including investor capacity, environmental impact, a market for iron ore and transportation.
Amid the fierce battle between Uber, Grab and conventional taxi, Prime Minister Nguyen Xuan Phuc gave the green light to the new platform of transportation, saying that the trend is inevitable.
The leadership of the capital of Viet Nam is considering to ban motorbikes by 2030 though such a type of vehicle is the means of transportation most commonly used by the metropolis’ citizens.
'If rail transportation isn't developed, then the railway industry cannot be revived.'
