Hanoi to speed up ADB-backed projects
Hanoi will speed up the progress of Asia Development Bank (ADB)-funded projects.
Chairman of the municipal People’s Committee Nguyen Duc Chung (second from left) met ountry Director of ADB in Vietnam Eric Sidgwick in Hanoi on August 30 (Photo:kinhtodothi.vn)During the meeting, the two sides reviewed ADB-backed projects, and acknowledged that the Nhon-Hanoi Station urban railway, the Hanoi No 3 railway route, and the Lang-Hoa Lac water supply project are behind schedule.
The chairman said the capital will focus resources to bolster the progress of projects, adding that the capital will plant one million trees within the next five years as part of environmental protection efforts.
Sidgwick and ADB specialists lauded Hanoi’s new approaches in environmental protection to ensure its substantial development and agreed to the proposal made by the city’s leader to develop an information cooperation mechanism.
Under the proposal, the two sides will have a monthly meeting to evaluate progress and solve difficulties arising during projects’ implementation.-VNA
You should also see
Vietnam, China promote judicial cooperation
Minister of Justice Le Thanh Long held talks with his visiting Chinese counterpart He Rong in Hanoi on April 19 to discuss measures to promote judicial cooperation between the two countries.
See more
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
