Vietnam Railways to upgrade infrastructure Business

Vietnam Railways to upgrade infrastructure

Vietnam Railways (VNR) plans to upgrade rail infrastructure to satisfy passenger demand by building 300 new carriages and purchasing more locomotives by 2023 to provide better services.
Central bank warns of NPLs from transport projects Business

Central bank warns of NPLs from transport projects

The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.
Party official affirms Mozambique’s importance to Vietnam Politics

Party official affirms Mozambique’s importance to Vietnam

Vietnam attaches importance to developing relations with Mozambique, which is an important partner of Vietnam in southern Africa, said Tran Quoc Vuong, Politburo member and standing member of the Party Central Committee’s Secretariat on November 12.
Cambodia’s Phnom Penh braces for power shortage World

Cambodia’s Phnom Penh braces for power shortage

Cambodian Prime Minister Hun Sen has urged residents and businesses in Phnom Penh to be prepared for electricity shortages which could occur in this year’s dry season if water levels at hydropower dams run low.