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Vietnam to consider night drive time limit

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Vietnam to consider night drive time limit

The Vietnamese Ministry of Transport has proposed a ban on driving continuously for more than eight hours a day and more than three hours at night.

The ministry said on Friday that its decision was made in a bid to raise road safety.

Specifically, at night (from 10 p.m. to 6 a.m. the next day), the continuous driving time must not exceed three hours and in the daytime hours, the total driving time of the driver must not exceed eight hours, it said.

According to the ministry, the regulation is applied to transport vehicle drivers.

The tightening of driving time at night would limit the driver’s fatigue and overwork, thereby preventing traffic accidents, it said.

It added that the regulation on driving hours was to control the risk of traffic accidents caused by tired drivers, especially long-distance truck drivers.
Nguyen Van Quyen, President of the Vietnam Automobile Transport Association, said the regulation was not appropriate as long-distance transport businesses would have to hire more drivers to ensure the rotation.
He also noted that the regulation on driving time without specific pilot studies should not be incorporated into the Law.

Meanwhile, Senior Colonel Pham Viet Cong, deputy chief of the Office of the National Traffic Safety Committee, said in order to limit traffic accidents at night, it was necessary to install more lighting and warning systems on the road.

A total of 5,928 traffic accidents occurred in the first seven months of this year in Vietnam, with 3,428 people dead, according to the country’s General Statistics Office.

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Putin Registers As Candidate For Russia’s Next Presidential Election

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Russia on Monday officially recognised Vladimir Putin as a candidate for the presidential elections in March, a vote that he is all but certain to win.

The 71-year-old has led Russia since the turn of the century, winning four presidential ballots and briefly serving as prime minister in a system where opposition has become virtually non-existent.

The Central Election Commission said it had registered Putin, who nominated himself, as well as right-wing firebrand and Putin-loyalist Leonid Slutsky as candidates for the vote.

The election will be held over a three-day period from March 15 to 17, a move that Kremlin critics have argued makes guaranteeing transparency more difficult.

Following a controversial constitutional reform in 2020, Putin could stay in power until at least 2036.

Rights groups say that previous elections have been marred by irregularities and that independent observers are likely to be barred from monitoring the vote.

While Putin is not expected to face any real competition, liberal challenger Boris Nadezhdin has passed the threshold of signatures to be registered as a candidate.

However, it is still unclear if he will be allowed to run, and the Kremlin has said it does not consider him to be a serious rival.

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Hong Kong court grants Chinese real estate giant reorganisation postponement

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Hong Kong’s Supreme Court has once again granted the highly indebted Chinese real estate giant Evergrande a postponement for its reorganisation plan.

Judge Linda Chan surprisingly postponed the decision until Jan. 29, the South China Morning Post reported on Monday.

The property developer, which has liabilities estimated at more than 300 billion dollars, is threatened with liquidation.

However, creditors from abroad had taken the company to court because of its missing several payments.

Chan had already said at the previous hearing that this would be the last postponement and that she would very likely agree to liquidation if China Evergrande did not find a plan for restructuring with its creditors.

According to reports, however, the lawyers of the Hong Kong-listed group had now held out the prospect of being able to reach an agreement with the lenders in the coming weeks.

In the case of liquidation, an insolvency administrator would monetise the company and pay out the creditors.

Meanwhile, some experts were of the opinion that liquidation would return less money to creditors than a reorganisation, China Evergrande argued the same in court, according to reports.

The group had been trying to submit a restructuring plan since 2022, without success. Its founder and once China’s richest man, Hui Ka Yan, is being investigated by the Chinese authorities.

Like many other property groups, the company had been in a serious crisis for some time because it is earning significantly less on the slumping property market.

The company is finding it more difficult to obtain state support and is no longer able to service its loans.

“The Evergrande case also shows that the era of large private property developers in China is coming to an end,’’ says Max Zenglein from the Merics China Institute in Berlin.

If Chan decides to wind up China Evergrande, this could also have an impact on other companies.

“One challenge for the government will be to prevent domino effects in the economy caused by major bankruptcies,’’ says Zenglein.

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