Ministers and leaders of People’s Committees of cities and provinces nationwide are required to remove difficulties and promote the disbursement of public investment as well as production, business and consumption.
The Ministry of Transport will start construction work on seven key projects in the second half of this year, heard an online conference on the ministry’s tasks for the six remaining months held in Hanoi on June 30.
The transport sector is striving to construct around 4,000-5,000km of expressways in the next 10 years, towards forming a national highway system in order to improve connectivity among regions nationwide, said Minister of Transport Nguyen Van The.
Vietnam’s GDP growth would reach 6.8 percent from the 7.02 percent posted in 2019, mainly due to a slowdown in the industrial sector, analysts from Fitch Solutions forecast.
Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Transport to focus on investment in building national key projects, speeding up bidding and selecting investors.
Deputy Prime Minister Vuong Dinh Hue unveiled advantages in investing in Vietnam during a meeting in Seoul, the Republic of Korea (RoK) with local securities investors at the headquarters of the Korea Financial Investment Association (KOFIA) on June 20.
Experience in implementing PPP projects in recent years shows that investors’ financial capability is very important and acts as a decisive factor for successful implementation of a project
The Transport Ministry disbursed 76 percent of the sum assigned by the Government in 2018, the highest rate recorded in the past three years. The rate was also higher than the national average of 66.35 percent.
Prime Minister Nguyen Xuan Phuc has required the Government to renew management work and address the shortcomings that have been revealed by the National Assembly and the people.
Transport Minister Nguyen Van The reported to the National Assembly the pace of implementation and investment disbursement of two key infrastructure projects, the North-South Highway – East and the Long Thanh International Airport during the NA’s debate on October 29.
Total projected length of Vietnam’s expressway system by 2030 is set to stretch from the initial 6,400 km to more than 7,000km, as the Ministry of Transport is mulling adding several routes.
Leaders of ministries, sectors and localities stressed the need to tackle the delayed settlement of complaints and denunciations and urgent matters at a national teleconference between the Government and localities on July 2.
Vietnam and the Republic of Korea (RoK) have agreed to lift two-way trade to 100 billion USD by 2020 during talks in Hanoi on March 23 between President Tran Dai Quang and RoK President Moon Jae-in.
Deputy Prime Minister Trinh Dinh Dung asked the Transport Ministry to soon submit special mechanisms for the north-south highway project during a meeting to launch the sector’s activities for 2018.
Deputy Prime Minister Trinh Dinh Dung has asked the Transport Ministry, investors and contractors to work closely with localities on site clearance to speed up the progress of key transport projects.
Business
