HCM City should seek to push ahead with ODA disbursement: Deputy PM
Deputy Prime Minister Pham Binh Minh on June 29 urged Ho Chi Minh City to ask for the facilitation of the implementation of Metro Line No. 1 project in order to increase public disbursement for the locality.
Deputy Prime Minister Pham Binh Minh makes a field trip to the construction site of Ba Son Station. (Photo: VNA)HCM City (VNA) – Deputy Prime Minister Pham Binh Minh on June 29 urged Ho Chi Minh City to ask for the facilitation of the implementation of Metro Line No. 1 project in order to increase public disbursement for the locality.
At a working session with the municipal People’s Committee, Minh said foreign experts of the project are now unable to return to Vietnam due to the COVID-19 pandemic.
As for issues regarding other ODA projects, the official said relevant ministries and HCM City need to race against time to benefit from ODA incentives.
Nguyen Thanh Phong, Chairman of the HCM City People’s Committee, said the locality has capacity for ODA disbursement that, however, is now slow due to bottlenecks from many agencies, citing the issue regarding the JPY-VND rate in the above-said project.
The committee reported that the city has nine ODA projects with total investment capital amounting to nearly 123 trillion VND (5.28 million USD), including 102 trillion VND worth of ODA.
In the first six months of this year, only one fifth of the capital has been disbursed, it said./.
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
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
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).
