Prime Minister Nguyen Tan Dung has asked the People's Committee of southern Binh Phuoc Province to speed up ground clearance and provide "clean land" by the end of this month to investors bidding for electricity transmission projects.
The land will serve two projects – a 500-kV transmission line linking Pleiku, My Phuoc and Cau Bong. The 438-km line running through six provinces is expected to cost VND9.3 trillion (US$465 million).
The second project is the 220-kV Dak Nong – Phuoc Long – Binh Long line, which is 128km long and runs through the provinces of Dak Nong and Binh Phuoc.
Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times)
Huge investment for railway system gets nod
Deputy Primer Minister Hoang Trung Hai has approved a 2012-15 plan of the Viet Nam Railway Corporation that would spend a total of VND200 trillion (US$10 billion) on upgrading the existing railway system.
The upgrades will include: doubling the average speed to 120km/h for the main railway route from the North to the South; completing preparatory work on the Ha Noi – HCM City high-speed railway project; implementing the Trang Bom (Dong Nai) – Hoa Hung (HCM City) skytrain project; and establishing the Railway Technology Institution.
Thanh Nien (Young People)
Sea economy development gets more attention
The sea economy plays a very important role in national economic development and will also promote the nation's military strength needed to protect national sovereignty, experts said as the Viet Nam Sea and Islands Week was organised in southern coastal province of Ba Ria – Vung Tau.
Leading experts, scientists and researchers attending the event held last week discussed ways to properly develop the sea economy in the coming years.
Nguoi Lao Dong (The Labourer)
Taxi firm first in line to reduce fares
Vinasun is the first taxi company to reduce its fare by VND500 per km after petrol prices dropped by VND800 per litre.
According to a transportation contract, each time petrol prices increase by VND1,000 per litre, transport fee will go up by 4 per cent.
With petrol prices reduced two times recently by nearly VND1,000 in total, it is hoped that other transportation firms will also reduce their charges.
Sai Gon Giai Phong (Liberated Saigon)