Vietnamplus

The Government plans to submit to the National Assembly a pre-feasibility study on a project to construct some sections in easterly North-South Expressway.

Ho Chi Minh City should develop a “twin city” model, which would divide the metropolis into two urban areas, a western and an eastern one, to allow each part to properly develop, said Dr Vo Kim Cuong, former deputy chief architect of HCM City.

Ho Chi Minh City needs to continue mobilising all resources to achieve sustainable growth in productivity, quality, efficiency and competitiveness for the rest of the year, a city official said.

The Government should limit or temporarily stop issuing new Government bonds during the remaining months of the year while waiting for the improvement of public investment disbursement.

Vice Chairman of the National Assembly Phung Quoc Hien has advised caution in amending the Law on Public Investment, saying that adjustments are necessary but must not be made hastily, lest the legal system be disrupted.

The Ministry of Construction announced recently that the national history museum project will be implemented in 2021 at the earliest.

Capital mobilised from the issue of G-bonds in the first eight months of this year was very positive, however, it was quite a contrast to the disbursement of the capital source.

Vice Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen has asked local departments and districts to disburse all public investment capital from 2017 by the end of January 2018.

The Ministry of Finance on July 26 provided more information about the State Bank of Vietnam (SBV)’s disbursement ratio of planned investment capital sourced from the State budget in 2017.

The slow disbursement of public investment has helped increase the State Treasury’s deposits in commercial banks, reducing pressure on interest rates.

Prime Minister Nguyen Xuan Phuc has agreed to advance Official Development Assistance (ODA) capital for the Metro Line No 1 Ben Thanh – Suoi Tien to meet the project’s schedule.

Deputy Prime Minister Vuong Dinh Hue was anxious about the slow allocation and disbursement of public investment and demanded clarifying the responsibility of related officials and agencies.

Authorities in Hanoi have approved a proposal by the Department of Planning and Investment to invest nearly 22 trillion VND (957 million USD) in 117 public investment projects, including 103 fundamental construction ones, in the city from 2017 – 2020.

Voters in some northern localities had mixed views on Minister of Planning and Investment Nguyen Chi Dung’s answers to questions about public investment raised by National Assembly deputies on June 15.

Minister of Planning and Investment Nguyen Chi Dung was grilled about specific measures to mobilise social resources for development investment and the allocation of public investment capital.

Vietnam’s total loans by May 25 grew 6.53 percent from the end of 2016, which supported domestic production and business in the context of slow public investment disbursement since the beginning of the year.

The 14th National Assembly (NA) will carry out question and answer (Q&A) sessions from June 13 to 15 as part of its ongoing third session.

National Assembly deputies gave opinions on a list of projects and specific sums of capital allocated for projects under the middle-term public investment plan for the 2016-2020 period during the ongoing ninth session of the 14th National Assembly Standing Committee in Hanoi on April 20.

The parliaments of Cambodia, Laos, Myanmar and Vietnam (CLMV), have shared experience in monitoring and managing State budget and public investment during a conference in Phnom Penh on March 13.

The National Assembly on November 10 approved a resolution on a medium-term public investment plan for the 2016-2020 period, which stipulates a maximum of nearly 90 billion USD of five-year spending.