80 percent of State-owned economic groups earn profits Business

80 percent of State-owned economic groups earn profits

Up to 80 percent of the 19 State-owned economic groups and corporations under the management of the Committee for Management of State Capital at Enterprises (CMSC) earned profits in the first half of this year, fulfilling more than half of their yearly targets, according to the committee.
Electronic toll booth construction to be sped up Society

Electronic toll booth construction to be sped up

In a bid to resolve obstacles to implement the national electronic toll collection (ETC) project, the Government has allowed the Ministry of Transport (MoT) to decide how much revenue to extract from BOT projects to pay for ETC service.
Smart-card toll collection begins Society

Smart-card toll collection begins

The Vietnam Expressway Corporation began a new system of collecting tolls using smart cards on the HCM City-Long Thanh-Dau Giay Expressway, which connects HCM City and Dong Nai province, on May 15.
Business

VEC plans to increase charter capital

The Vietnam Expressway Corporation (VEC) plans to increase its current charter capital 22-fold to more than 22.16 trillion VND (1.04 billion USD) ahead of its equitisation.
Society

MoT takes action over highway shortcomings

The Ministry of Transport will penalise parties involved in the mismanagement of the Cau Gie-Ninh Binh expressway which led to a blowout of its initial budget, announced the ministry on June 12.
Business

Key ODA transport projects to receive reciprocal capital

Seven urgent transport projects funded by official development assistance will receive capital injections totalling 2-2.5 trillion VND (95-119 million USD) in 2014’s first round of advancing reciprocal capital for projects, probably soon after April 30, the Vietnam Investment Review (VIR) reported on April 15.
Society

Inspections start on 8 transport projects

Eight large-scale transport projects will be inspected, said the Ministry of Transport (MOT) in a conference on March 8 to deploy 2013 inspection and anti-corruption works.