According to the national railway development strategy, the industry is estimated to require VND110 trillion ($4.78 billion) by 2030 to revamp the existing network. With the limited state budget, calling for private investment is a priority. VNR is betting on its new restructuring plan which is set to be approved by the government in the near future, in which it plans to dump its monopoly in cargo transport by divesting stake in cargo transport. Moreover, it also hopes that the master plan on management, use, and operation of national railway infrastructure in line with 2018’s Decree No. 46/2018/ND-CP dated March 14, 2018 on management, use and operation of national railway infrastructure will be soon approved. This would enable the group to take the initiative with its investment plans and to be looked upon more favourably when calling for private investment in upgrading stations and logistics facilities, as well as developing stations that enjoy commercial advantages. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
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The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, but is the world?
Well, I think there's a very broad consensus among the national security community, both Republican and Democrat, that the Indo-Pacific is, in many ways, the most important theatre for U.S. foreign policy, and certainly the most important theatre of competition with China. When you review the Trump administration’s key national security and strategy documents, they paint a pretty clear picture that the U.S. priority is and will remain the Indo-Pacific. I understand why, at times, the President's rhetoric can create some doubts and uncertainty in the region. But when you look at the broader sweep of U.S. foreign policy, the machinery of the State, Congress, the military, the national security community, and many of the Trump administration's senior most officials and Cabinet officials, I think they’ve all been very clear and uniform in underscoring America's commitment to the Indo-Pacific, that it’s going to be enduring, that it’s going to grow, and that the U.S. … [Read more...] about U.S. is now more clear in support for India on China border issues, says researcher