Business

By 2035, the vision is for VNR to become a major domestic economic group with the capacity to operate and maintain new, modern national railway networks. It aims to hold a central position in the multimodal logistics chain and international rail transport.

The committee is tasked with studying and proposing policies, mechanisms and solutions to improve aviation security and facilitation, while monitoring the implementation of international civil aviation treaties to which Vietnam is a party.

The joint statements comprise one on deepening the Vietnam-Australia comprehensive strategic partnership, one on economic resilience cooperation, and another on the enhancement of science, technology and innovation connectivity.

During his meeting with Governor-General of Australia Sam Mostyn in Canberra on August 11, General Secretary of the Communist Party of Vietnam and State President To Lam set a target to reach a bilateral trade turnover of $20 billion and to significantly increase two-way investment.

At their talks in Canberra on August 11, the two leaders set a target of $20 billion in two-way trade and called for stronger supply chain links, quality investment, and closer cooperation in the green and digital economies, new energy, and future industries.

The central province's North Central LNG Storage Facility is designed to become a major LNG transshipment hub in central Vietnam, featuring integrated storage facilities and technical infrastructure for receiving, storing and supplying LNG to gas-fired power plants in the region.