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Sunday, 11/22/2020 16:06 PM (GMT + 7)
According to information from the Railway Project Management Board, the Ministry of Transportation, the Deputy Director General of the China Railway Bureau arrived in Hanoi on November 20 to monitor the Cat Linh – Ha Dong elevated railway. .
Expedite completion of the Cat Linh – Ha Dong Railway
According to the Ministry of Transport, this is a senior leader of the China Railway Bureau, directing directly in the next period to complete the project, in time for the operation of the entire Cat Linh – Ha Dong (Hanoi) railway system in December next.
Image of the Cat Linh – Ha Dong Railway
According to the leader of the Railway Project Management Board, the French consultant also arrived in Hanoi two days ago and is in quarantine. These are important personnel who participate directly in the safety inspection to operate the project.
“So far, leading Chinese personnel and experts are almost entirely present in Vietnam. Next time, the remaining French consultants and Chinese staff will keep coming to Vietnam, ”said the leader of the Railway Committee.
General contractor personnel working on the Cat Linh – Ha Dong railway project are focusing on the work of fixing the salient details outlined in the dossier for the acceptance of component elements. Including completing the fire protection system in accordance with the requirements of the fire prevention and fighting certification body, making the completion record.
Regarding the operation plan of the entire project system, the leader of the Board of Railways said that it will be carried out in December. The trial period will last 20 days. During the system operation test, in case the technical elements do not meet the design requirements, the Project Management Board will request the general contractor to continue to pass.
Before that, at the permanent meeting of the Government on the implementation of the Hanoi Urban Railway Project, the Cat Linh – Ha Dong (Hanoi) route in late October, Transport Minister Nguyen Van The said that he will endeavor in December, full conditional acceptance The Minister of Transportation also pledged to do everything possible to put the project into commercial operation before the 13th National Party Congress.
The interest rate fell so deeply, the State Bank pumped 30 billion dong
The State Bank of Vietnam has just injected around VND 30 billion into the market by purchasing foreign currency in the context of an unprecedented low loan interest rate, 2.5% less than in 2016.
The State Bank has just injected about 30 billion VND into the market.
From the beginning of November until now, commercial banking has continued the trend of reducing term deposit rates. Many banks slashed interest rates on long-term deposits for 12 months to less than 6% per year; while the short terms of less than 6 months in some banks were around 3% / year, well below the ceiling regulated by the State Bank.
Among commercial banks dominated by state capital, Vietcombank was the first bank to further adjust and lower deposit rates over many periods.
The government is re-lending foreign loans of almost $ 5.4 billion
According to the Ministry of Finance, at the end of 2019, the government’s external loan portfolio includes more than 600 projects and the total balance of loans (excluding local government loans) is 124,338. 1 billion VND, equivalent to 5.4 billion dollars.
The lending and guarantee issues are the areas that have the ability to repay for infrastructure, energy, industry, urban infrastructure development, water supply … and policy fields. socialization such as professional training, university training, hospital …
Currently, foreign donors have adjusted cooperation policies with Vietnam in the direction of gradually shifting from providing ODA to less favorable loans, and the cost of mobilizing some loans has increased. at times, compared to the past, it increased the government’s foreign debt repayment obligations.
Over the next 5 years, ODA loans are expected to gradually decline and end, leading to a shortage of long-term loans and investment incentives.
Instead, the government will have to mobilize new loans with less favorable terms, close to the market, to compensate for the deficit in the budget balance, medium-term public investment and re-lending.
Vietnamese borrow more than VND 65 billion from banks to buy real estate
State Bank said the loan balance for the real estate sector is about 1.6 trillion, which represents more than 19% of the total loan balance for the entire economy. In which, the credit balance for housing needs represents 62.43% of the real estate credit balance.
The credit balance for investment and real estate trading in 2019 reached 521.821 billion VND, while the first quarter and the second quarter increased to 526.396 billion VND and 580.168 billion VND, respectively. Total industry-wide outstanding loans also increased from 8.19 million dong in 2019 to 8.3 million dong in the first quarter and 8.49 million dong in the second quarter.
While the growth rate of the credit balance for real estate investment and trade in 2019 reached 4.36%, the first quarter period increased only 0.88%. The Ministry of Construction explained that the first quarter was the most difficult period of the Covid-19 epidemic, the real estate market was calm compared to the same period every year.
In the second quarter, the real estate loan balance has an added value of more than 53 billion dong, increasing by 10.21%. “The real estate market in this period began to improve, especially after the social gap ended. The companies gradually return to their normal operating state ”, acknowledged the Ministry of Construction.
Vietnam-China trade reached $ 100 billion
According to the General Customs Department, in October, Vietnam’s total export turnover to China reached nearly $ 5.5 billion. Thus, the total turnover from the beginning of the year to the end of October amounts to more than 37.9 billion dollars. At the end of October, 10 groups of goods were exported to China with a turnover of $ 1 billion or more.
In the opposite direction, in October, Vietnam imported products from China with a turnover of more than 8 billion dollars. Accumulated from the beginning of the year to the end of October, China’s imports alone exceeded $ 65.6 billion.
With a total turnover of more than $ 103.5 billion, China remains Vietnam’s largest trading partner and the first market to reach $ 100 billion this year.
Source: http: //danviet.vn/nong-tuan-qua-lanh-dao-trung-quoc-toi-viet-nam-de-xu-ly-tuyen-duong-sat-cat-li …
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