Prime Minister Nguyen Xuan Phuc received in Phnom Penh on May 11 senior representatives of the World Economic Forum (WEF), the Asian Infrastructure Investment Bank (AIIB) and Cisco of the US.
Vietnam, one of the world’s fastest growing economies, is promoting infrastructure to attract more foreign investment, with a view of becoming a new “Asian tiger”.
The Asian Development Bank (ADB) will continue its support for infrastructure development in Vietnam, said ADB Vice President for Knowledgement Management and Sustainable Development Bambang Susantono at a press conference on March 8.
Prime Minister Nguyen Xuan Phuc received President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun on March 7, saying that Vietnam will exert every effort to support the bank’s activities.
The Asian Infrastructure Investment Bank (AIIB) wants to work with Ho Chi Minh City in tacking urban issues, such as traffic congestion and waste treatment, said President of the bank Jin Liqun.
The World Bank (WB) has approved a 125-million-USD financial aid package to support the Indonesian government in upgrading dams across the country, reported Jakarta Globe on March 2.
The National Assembly Standing Committee debated the allocation of the central budget to implement the national target programme on building new-style rural areas in the Mekong Delta region between 2016-2020, at its 7th session in Hanoi on February 21.
The Philippines’ economic growth was the highest in Asia last year with 6.8 percent, higher than the 5.9 percent level in 2015, according to the Philippine Government.
Deputy Prime Minister Pham Binh Minh hosted a reception for D.J Pandian, Vice President and Chief Investment Officer of the Asia Infrastructure Investment Bank (AIIB) in Hanoi on January 18.
The Asian Infrastructure Investment Bank (AIIB) wants to invest in infrastructure development, particularly railways, highways and seaports, in Vietnam, said AIIB President Jin Liqun.
Transport infrastructure is an attractive investment field in Vietnam while the acceleration of equitising State-owned enterprises in the country will create brilliant opportunities for businesses from the Republic of Korea (RoK).
Malaysia has been ranked second in Asia for infrastructure investment attractiveness and fifth on the international scale in the latest Global Infrastructure Investment Index.
The Prime Minister has approved the establishment of the Hanoi Software Technology Park as a concentrated information technology (IT) one in Long Bien district.
Construction of a Republic of Korea (RoK)-funded industrial park commenced on December 29 in Tam Anh commune, Nui Thanh district, the central province of Quang Nam.
As the development of hi-tech parks in Vietnam is still below expectations, they are seeking measures to attract more investments, especially in research and development projects.
Central Highlands provinces have poured over 17 trillion VND (about 770 million USD) into transport infrastructure in the last five years, according to the Central Highlands Steering Committee.
Politics
