Journalist

AJP
  • Vietnam Streamlines Rail Approval Process to Speed Infrastructure Projects
    Vietnam Streamlines Rail Approval Process to Speed Infrastructure Projects Vietnam’s Ministry of Construction has abolished and adjusted some administrative procedures in the rail sector to speed up rail infrastructure development. Vietnam’s government website reported on Jan. 22 that the ministry eliminated several rail-related procedures effective Jan. 1. The changes follow Decision No. 2,267 (2,267/QD-BXD), announced by the ministry on Dec. 10. Under the decision, the ministry’s approval process for commercialization policy for rail line-connection projects was scrapped, along with the Vietnam Railway Authority’s procedure for issuing safety assessment certificates for urban rail systems. The decision also reorganized responsibilities among agencies. The Vietnam Register will issue safety and environmental compliance certificates for rail vehicles, while the Vietnam Railway Authority will oversee rail vehicle registration and issue operating permits. Permits related to rail connections and approvals to install or remove level crossings will be handled by the Vietnam Railway Authority or provincial and municipal people’s committees. Certification for specialized personnel, including rail inspectors, was newly assigned to the Vietnam Register. The Ministry of Construction will retain authority to approve plans for maintaining and managing rail facilities.* This article has been translated by AI. 2026-01-28 16:42:33
  • Hong Kong Signs Precious Metals Cooperation Deal With Shanghai Gold Exchange
    Hong Kong Signs Precious Metals Cooperation Deal With Shanghai Gold Exchange Hong Kong’s Financial Services and the Treasury Bureau said Jan. 26 that it signed a cooperation agreement on precious metals trading with mainland China’s Shanghai Gold Exchange at the Asian Financial Forum being held in Hong Kong. The agreement includes setting up a new company, the Hong Kong Precious Metals Central Clearing System, fully funded by the Hong Kong government. The Hong Kong Precious Metals Central Clearing System will be chaired by Financial Services and the Treasury Secretary Christopher Hui, with a Shanghai Gold Exchange representative serving as vice chair. A Hong Kong central clearing system specializing in gold trading, managed by the company, is expected to begin a pilot run within the year. The agreement also includes support to expand gold storage capacity at the Airport Authority Hong Kong and financial institutions. The goal is to increase capacity to more than 2,000 tons within three years. Hui said the Hong Kong government plans to submit a bill in the first half of this year to include precious metals among eligible investments for tax incentives for “single family offices,” including those set up for funds or a single wealthy family.* This article has been translated by AI. 2026-01-28 16:13:05