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HCMC salutes the first metro train with positive growth in 2020

Posted by Khoi Pham on October 17, 2020

HCMC salutes the first metro train with positive growth in 2020

HCMC’s first three-car metro train, with a passenger capacity of 930, is fully installed and ready for service

The three-car train is placed on to the T1 metro track at Long Binh Depot in District 9 on Tuesday morning. Each car is 21 m long, 3 m wide and 3 m high, weighs 37 tons and made of aluminum alloy. They were transported from Japan to Khanh Hoi Port in Ho Chi Minh City’s District 4 last Thursday.

Priority seating areas for the elderly, pregnant mothers and the disabled. Every three-car train has 147 seats and can carry 930 passengers. Seats share the same blue color like the exterior and are made of fiber-reinforced plastic (FRP), making it easy to clean. The back of the seat has a slope suitable for passengers to sit comfortably.

Each car has electronic signages to notify and help passengers navigate. The 19.7-km metro route No.1 runs from from Ben Thanh Market in District 1 to Suoi Tien theme park in District 9.

Together with the Metro news, according to IMF, Vietnam’s GDP is forecast to expand 1.6% in 2020 and make a breakthrough growth of 6.7% in 2021

Vietnam is the only economy in the ASEAN-5 group, which includes Indonesia, Thailand, Malaysia, the Philippines and Vietnam, that will maintain positive growth in a year in which the COVID-19 pandemic has been raging, exacerbating problems from the trade war between the US and China.

In Asia, China will maintain a positive growth of 1.6% while India is forecast to have its GDP down by 10.3%.

Other emerging and developing economies in Asia will also suffer an average drop of 2.2% while China’s Macau will see a plunge of 52.3%.

Japan, the Republic of Korea, Singapore and Australia have recorded GDP declines of 5.3%, 1.9%, 6% and 4.2%, respectively.

Despite negative figures, Asian region is still brighter than the rest of the world. All economies in the Americas are forecast to have negative growth in 2020. GDP declines are also forecast to cover European economies including leading players such as Germany, France, Italy, Spain, and others.

The COVID-19 pandemic is considered to be the main cause of the decline in the global GDP outlook in 2020. However, most economies are expected to return to growth in 2021 although the growth in many countries will not make up for the losses in 2020, according to IMF.

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