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Vietnam's first metro line operator records $2.7 mln loss in 2021

Vietnam's first metro line operator records $2.7 mln loss in 2021

Hanoi Metro Company, which operates the Cat Linh-Ha Dong metro line, has reported a loss of VND64 billion ($2.75 million) in 2021.

Bus subsidies cost HCMC $21 mln

Bus subsidies cost HCMC $21 mln

HCMC has provided subsidies of VND494 billion ($21.3 million) to operate public buses in the first eight months of the year.

Hanoi to spend $625,000 a year on metro line subsidies

Hanoi to spend $625,000 a year on metro line subsidies

Hanoi plans to spend VND14.5 billion ($625,000) each year on subsidizing tickets for its first metro line.

April 8, 2019 | 01:06 am PT

For the state, letting cash cows go a difficult ask

For the state, letting cash cows go a difficult ask

Unless Vietnamese officialdom changes its eighties way of thinking, an effective market economy will stay beyond our reach.

November 4, 2018 | 05:50 pm PT

In HCMC, public disdains buses despite huge subsidies

In HCMC, public disdains buses despite huge subsidies

HCMC annually spends tens of millions of U.S. dollars on bus fare subsidies, but faces a seemingly irreversible fall in passenger numbers.

October 4, 2018 | 08:50 pm PT

A Da Nang café panders to nostalgia for ‘tough times’

A Da Nang café panders to nostalgia for ‘tough times’

Here, customers can step away from modern bustle to a time when things were rationed and life was simple.

August 20, 2018 | 10:58 pm PT

Indian farmers deep in debt, seek subsidies, help with insurance

Indian farmers deep in debt, seek subsidies, help with insurance

Indian government action to increase spending on irrigation and crop insurance is not enough to end a cycle of indebtedness that has led to thousands of farmer suicides, and a complete overhaul of credit and subsidies to farmers is needed, activists said.

March 4, 2016 | 04:40 am PT

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