While new public-private partnership ventures and new legislation are in the gun barrel waiting for potential investors to join, possible concerns over risk protection are still in the way, possibly threatening the bankability of the country’s future transport plans.
The Ministry of Transport, on June 3, issued a document on suspending flights between the northern port city of Hai Phong and Ho Chi Minh City.
The Vietnamese Embassy in Laos announced on May 31 that Vietnam is temporarily suspending the entry of foreigners from India, Thailand, Cambodia and Laos or people who used to reside or travel through these countries within 21 days before entering Vietnam, except those in necessary cases.
A new master plan for seaports is needed to further boost the country’s socio-economic development in the rapid international integration process, experts have said.
The current COVID-19 resurgence has put the brakes on trade, transport and tourism, with all the sectors experiencing declines in May, according to the General Statistics Office (GSO).
Many container shipping lines have announced further increases in transportation fees starting from late May, causing difficulties for import-export companies.
Bus companies, railway and airline firms have been struggling to survive amid the impacts of COVID-19 for a year and a half.
The Civil Aviation Authority of Vietnam (CAAV) has proposed the Ministry of Transport scrap the general aviation business licence of Globaltrans Air JSC.
The Ministry of Transport will prioritise funding for the maintenance and repair of Long Bien Bridge, an iconic structure in the Vietnamese capital.
Prime Minister Pham Minh Chinh has directed the Ministry of Transport to adopt the principle of “three don’ts” in addressing problems from project implementation: Don’t say “no”, Don’t say “difficult”, and Don’t say “yes” but then take no action.