The Vietnam Development Report (VDR) 2019: Connecting Vietnam for Growth and Shared Prosperity was co-launched by the World Bank (WB) and the Ministry of Investment and Planning in Hanoi on January 15.
One of the fastest economic growth rates in the region, the signing of free trade and investment protection deals with the EU, and the Politburo’s first-ever resolution on foreign investment attraction were among the top 10 economic events of Vietnam in 2019.
The Government has prepared a backup plan to fund the North-South Expressway (NSE) amid fears that private investors might not be financially capable of carrying out the mega project, the transport minister has said.
The Ministry of Planning and Investment has proposed withholding investment next year for projects that had been slow to disburse their allocated funding in 2019.
The mega infrastructure project North-South Expressway has started inviting domestic enterprises to apply for bidding, a month after the Ministry of Transport ruled foreign companies ineligible to participate in the project.
Banks are advised to have meticulous consideration before lending BOT and BT infrastructure projects as outstanding loans for the projects are likely at risk of turning into non-performing ones.
Domestic investors find it hard to carry out the North-South expressway project, and they are waiting for the Government and the State Bank of Vietnam to remove capital bottlenecks.
The Ministry of Transport has announced that they would cancel open international bidding for eight projects of the North-South expressway, in favour of domestic investors.
A ceremony was held on September 16 in Cam Hieu commune, Cam Lo district of the central province of Quang Tri to launch the construction of Cam Lo-La Son section on the major North-South Expressway.
The competitive bidding of the North-South Expressway project aims to select the investor transparently, while closely managing the quality, construction cost and progress of the project.
Officials attending a conference on August 20 underlined the need to promote connectivity among central localities so as to create a driving force for economic growth of the whole region.
Minister of Transport Nguyen Van The was confronted with hot issues at the question-and-answer (Q&A) session of the ongoing 36th meeting of the National Assembly Standing Committee in Hanoi on August 15.
More efforts should be made to care for policy beneficiaries and the elderly and the poor, according to a resolution issued by the Government recently.
Many investors from the Republic of Korea, Japan and China are looking to join the North-South Expressway project, according to Deputy Minister of Planning and Investment Vu Dai Thang.
A lot of options have been proposed to select investors for the North-South express railway project, which is expected to help strengthen the nation’s transport capacity and socio-economic development
The Ministry of Transport (MoT) is set to propose to the Government a draft plan on fee increases at BOT (Build-Operate-Transfer) toll booths in response to declining revenue.
The Vietnamese Government prioritises capable and prestigious contractors for the state’s transport projects, Deputy Prime Minister Trinh Dinh Dung said at the National Assembly’s Q&A session on June 5.
Business
