Vietnam needs to develop a state investment fund to attract foreign indirect investment as an additional source of capital for economic development, said Chairman of the State Capital Investment Corporation (SCIC) Nguyen Chi Thanh as quoted by Dau tu (Investment) Newspaper.
Minister of Planning and Investment Nguyen Chi Dung has asked ministries, central agencies, and localities to continue applying measures to speed up the disbursement of public investment capital, with the aim of completing 90 percent of disbursement planned for 2021 by the fourth quarter of the year.
The Mekong Delta province of Kien Giang has welcomed a total of 796 non-State investment projects with over 540.66 trillion VND (23.35 billion USD) in capital, local authorities have said.
Thailand is planning to pour 400 billion baht (12.66 billion USD) of state investment into the economy in the second quarter of this year after the passage of the delayed 3.2-trillion-baht (101.1 billion USSD) annual budget bill for fiscal 2020.
Due to global weak demand and ongoing trade tensions, State investment in big-ticket infrastructure projects and the government's Eastern Economic Corridor (EEC) flagship appears to be one of the few lifelines that Thailand can bank on to maintain economic growth momentum in 2020.
The Singaporean Government on November 25 ordered a member of the opposition Progress Singapore Party to correct a Facebook post which authorities said could smear the reputation of state investment funds.
The High Court of Malaysia on August 28 started a hearing on the corruption charges against former Prime Minister Najib Razak in relation to state investment fund 1 Malaysian Development Berhad (1MDB).
Riza Shahriz Abdul Aziz, a stepson of former Malaysian Prime Minister Najib Razak, was arrested by the country's anti-corruption body on July 4 and is expected to be charged for money laundering.
Deputy Prime Minister Truong Hoa Binh presented the Government’s report on the implementation of socio-economic development in the first quarter of 2019 and measures for the remaining months of the year at the opening meeting of the 7th session of the 14th National Assembly on May 20.
Malaysia has extradited a former Goldman Sachs leader to the US to face criminal charges linked to a multi-billion dollar scandal at Malaysia’s state investment fund, 1Malaysia Development Berhad (1MDB), reported daily financial newspaper The Edge on May 6.
Former Malaysian Prime Minister Najib Razak was taken to court on December 12 to face charges that he tampered with the final audit report into the investment fund 1Malaysia Development Berhad (1MDB).
Hanoi led Vietnam in foreign direct investment (FDI) inflow in the first nine months of 2018 with more than 6.26 billion USD, a 5.4-fold rise from the same period last year, according to a local official.
Former Malaysian Prime Minister Najib Razak was charged on September 20 with money laundering and abuse of power in connection to the case of the state investment fund 1Malaysia Development Berhad (1MDB).
Malaysia and Singapore agreed to work together on the investigation into a multi-billion-dollar scandal at Malaysia's State investment fund 1Malaysia Development Berhad (1MDB).
Experts and policy makers gathered at a forum held by the Central Institute for Economic Management (CIEM) in Hanoi on October 24, discussing policy solutions for 2018-2020 to boost growth model reform in Vietnam.
Enterprises from the German state of Hessen see potential to invest in Vietnam, heard a conference held by the Economic Council of Germany’s Christian Democratic Union (CDU) in Frankfrut am Main on April 24.
Dang Quyet Tien, Deputy Director of the Agency for Corporate Finance told the press on September 14 that the divestment of State capital at Vinamilk will be carried out this year.
Major projects with State investment of at least 10 trillion VND (448.9 million USD) will be reviewed to calculate the exact total capital needed and avoid losses.
Business
