Vietnam 

Gov’t should buy back shares from ACV’s foreign shareholders: MoT – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The bird-eye view of the Nội Bài International Airport in Hà Nội, which is operated by the Airport Corporation of Vietnam (ACV). – Photo noibaiairport.vn HÀ NỘI The Ministry of Transport (MoT) has proposed the Government buy back foreign-owned shares in the Airport Corporation of Vietnam (ACV) to ensure airports are operated properly. The State-owned airport operator was equitised on April 1, 2016 after the Government had sold more than 77.8 million shares or a 3.47 per cent stake owned in ACV to foreign investors in December 2015 at…

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Vietnam 

MoT warns highway investor not to close road – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Transport has asked the investor of Hòa Lạc-Hòa Bình Expressway not to arbitrarily stop vehicles during maintenance work without its approval. “Investors have been instructed to complete procedures to meet the conditions for fee collections at toll booths on the expressway,” said Nguyễn Văn Công, deputy Minister of Transport. The Defence Ministry’s Corporation No. 36 (the project’s investor) previously announced that it would suspend services for vehicles travelling on the expressway from April 15. The reason for…

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Vietnam 

MoT seeks US$40 million for Mỹ Thuận-Cần Thơ expressway project’s site clearance – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Transport has proposed the Government allocate VNĐ932 billion (US$40 million) from contingency reserves for the Mỹ Thuận-Cần Thơ expressway project to entice businesses to invest in the project. The sum is part of the total investment for project of VNĐ5.4 trillion (US$232 million), but the ministry has proposed disbursing it now to complete land clearance work to find an investor for the project. Potential investors have been reluctant to get involved, largely due to the Law on Management…

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