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Ho Chi Minh City works on proposal of 17 new bus routes linked with airport



Phuong Trang Bus JSC has recently submitted a proposal to the Department of Transport of Ho Chi Minh City on opening 17 new bus routes connecting Tan Son Nhat International Airport with urban areas, bus stations, university campuses, and seven districts in the city to meet travel needs.

The transport firm put forward the plan as its shuttle bus service 109, which carries passengers between the airport and a bus station in downtown District 1, proves effective after more than one month of operation.

The 17 suggested bus routes will include seven connecting the airport to Mien Tay Bus Station in Binh Tan District, Mien Dong Bus Station in Binh Thanh District, New Mien Dong Bus Station in Thu Duc City, the Phu My Hung New Urban Area in District 7, the Vietnam National University-Ho Chi Minh City campus in Thu Duc City, the Sala urban area in Thu Duc City, and Thao Dien Ward in Thu Duc City.

The remainder will benefit residents of Districts 1, 3, 4, 5, 6, 8, 12, Binh Chanh District, and those residing near university campuses in District 7.

Each of the new routes will use ten to fifteen 16- to 45-seater buses and charge VND40,000-70,000 (US$1.6-2.8) per passenger based on their traveling distance.

Currently, there are three bus routes linking Tan Son Nhat International Airport with other parts of Ho Chi Minh City and neighboring Ba Ria-Vung Tau Province, namely route 152 to the Trung Son residential area in Binh Chanh District, route 109 to the Saigon Bus Station in District 1, and route 72-1 to Vung Tau City.

Phuong Trang put route 109 into operation in mid-September.

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Indian senior executive gets 15 years for embezzling $78,000 in Vietnam



A Vietnamese court has sentenced an Indian man to 15 years in prison for embezzling nearly US$78,000 from a Vietnam-based subsidiary whose parent company is an Indian firm where the man was deputy general director.

Defendant Soumyodiptha Saha, 35, an Indian citizen, received the jail term at his first-instance trial held at the People’s Court of Ho Chi Minh City on Monday.

The man was found to have appropriated the aforementioned amount from Ho Chi Minh City-based B9 Beverages Co., Ltd., whose parent company is B9 Beverages Pvt. Ltd. headquartered in India, according to the indictment.

In 2019, B9 Beverages Pvt. Ltd. recruited Saha and appointed him deputy general director in charge of finance affairs, whose duties were to control financial transactions related to the  company’s subsidiaries in other countries, including B9 Beverages Co., Ltd. in Vietnam.

The Vietnamese subsidiary opened an account at Standard Chartered Bank (Vietnam) Limited in Ho Chi Minh City, for its payment transactions, in 2009.

As a senior executive in charge of accounting affairs of this subsidiary, Saha was authorized to approve payments of under $10,000 at his discretion using this account.   

Taking advantage of this privilege, from August 30 to October 28, 2019, Saha transferred a total amount of more than VND1.9 billion ($77,930) worth of 27 transactions from the account to an account held by a Vietnamese woman, Nguyen Song An, at Techcombank in Vietnam.

An left Vietnam in March 2020 via Tan Son Nhat Airport in Ho Chi Minh City after withdrawing the entire amount in her account. 

When Saha’s act of embezzlement was discovered, the man told investigators that An is his wife and they married in India in 2019.

At the trial, Saha declared that he and his wife were quarreling in January 2020 when he went to Vietnam and revealed to An the origin of the money he had transferred to her.

The man added that they have since lived in separation, without his knowing about her whereabouts. 

Saha told the court that he did not intend to appropriate his company’s money but he only “borrowed” it to help his wife to repay her debts, Thanh Nien (Young People) newspaper cited the foreigner as saying.

After Saha was prosecuted, Saha’s mother in India repaid all the appropriated money to the aggrieved party, B9 Vietnam Company, which confirmed the repayment and later filed a petition with the court to waive its claim against the Indian man. 

Judging that the foreigner’s act has seriously violated the rights and interests of B9 Beverages Co., Ltd. that is under the protection of the laws of Vietnam, the trial panel finally decided to impose the 15-year jail term.

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Vietnam targets $7,500 GDP per capita by 2030: resolution



Vietnam aims to achieve a gross domestic product (GDP) of US$7,500 per capita while meeting all the criteria of an industrialized country by 2030, as part of its aspiration to become a high-income developed country and one of the leading industrialized countries in Asia by 2045.

According to the latest data from the World Bank, Vietnam’s GDP per capita stood at $3,694.02 in 2021, a 4.76 percent increase from 2020.

These ambitious targets are set forth in a resolution passed at the sixth session of the 13th Party Central Committee that wrapped up last month.

Under the resolution, which was signed by Party General Secretary Nguyen Phu Trong, Vietnam is set to become a developing country with modern industry, high average income per capita, and enhanced living standards by 2030. 

Along with the $7,500 GDP per capita, the other specific targets for 2030 include the average GDP growth of seven percent per year at current prices, and the gross national income (GNI) of over $7,000 per capita at current prices.

The Southeast Asian nation will be built into a high-capacity and self-reliant industry that is highly adaptable and resilient, gradually mastering core and background technologies of the foundational, priority and spearhead industries within seven years, according to the resolution.

By that time, the nation’s total factor productivity (TFP)’s contribution to economic growth will reach over 50 percent, and its global innovation index (GII) will be among those of the group of 40 leading countries in the world.

In the ASEAN area, Vietnam will be among the three countries leading the region in industrial competitiveness, with its industry share in GDP exceeding 30 percent and the rate of hi-tech industrial products in processing and fabrication sectors attaining more than 45 percent.

Meanwhile, the proportion of the service sector will account for over 50 percent of GDP, with tourism alone representing 14-15 percent of GDP.

In addition, the proportion of agricultural laborers in total social labor will be less than 20 percent, while the rate of trained workers with high qualifications will range from 35 to 40 percent.

Notably, the resolution also set an ambitious target to train over 80 percent of the working-age population in basic digital skills while the nation will have about 260 university students per ten thousand inhabitants by 2030.

The country will build up a number of large-scale, multinational domestic industrial corporations and enterprises with global competitiveness in fundamental industries, priority industries, and spearhead industries.

It will build and develop a number of domestic industrial clusters with large-scale and international competitiveness, and own a number of industrial and agricultural value chains.

The country also aims to build a self-reliant, self-strengthening, modern, and dual-use defense industry that meets both defense and military needs and directly participates in socio-economic development and serving the people.

The share of the digital economy is expected to make up 30 percent of GDP and the nation will complete the construction of a digital government, earning a place among the top 50 countries in the world and ranking third in the ASEAN region in terms of e-government and digital economy.

The resolution also sets an urbanization rate of over 50 percent, the environmental performance index (EPI) at over 55, and the human development index (HDI) more than 0.7 by 2030.

It requires building and perfecting institutions and policies to promote the country’s industrialization and modernization process, in which science and technology advances, especially achievements of the Fourth Industrial Revolution, should be applied broadly in order to create breakthroughs in productivity, quality, efficiency, and competitiveness of enterprises, industries and the whole economy. 

As projected in the resolution’s long-term vision, Vietnam will strive to become a developed country with high income per capita in the world by 2045.

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Temperatures to plummet as cold spell hits northern Vietnam



A cold front is expected to begin affecting northern Vietnam around Tuesday night, with forecast site i-weather predicting that the temperature will drop to minus three degrees Celsius at the top of Fansipan Mountain.

The cold snap will start influencing the mountainous provinces in northern Vietnam on Tuesday night and the rest of the region on Wednesday morning, the National Center for Hydro-meteorological Forecasting reported.

It will later expand its effects to north-central localities.

Temperatures in northern and north-central provinces are expected to drop starting Wednesday.

The lowest mercury in mountainous areas will be 9-12 degrees Celsius and below five degrees Celsius in some high-altitude locations.

The average lows in the Red River Delta will be 12-14 degrees Celsius, and in north-central localities will be 13-16 degrees Celsius.

Temperatures will further drop in the following days, and the frigid weather is expected to last until Saturday.

The temperature at the top of Fansipan Mountain in northern Lao Cai Province may drop to below zero degrees Celsius, while sleet and frost may form, said Luu Minh Hai, former director of the Lao Cai hydro-meteorological station.

Meanwhile, forecast site i-weather predicts that the temperature on the Fansipan peak may plunge to minus three degrees Celsius between Thursday and Saturday.

There will also be a chance of snow, the site added.

According to the National Center for Hydro-meteorological Forecasting, the cold front will bring winds of 12-38km per hour to northern provinces.

Showers will also dampen the region on Tuesday night and on Wednesday.

Medium to heavy rains are also forecast to lash central and south-central provinces from Wednesday night to Saturday.

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