Ho Chi Minh City allocates about 10 trillion VND (431.9 million USD) a year for the transport sector but the funding does not seem to be enough for narrowing the gap between the local infrastructure system and travel demand, heard at a meeting on June 10.
In order to assist ethnic minorities in difficult parts of Vietnam, the Party and State have implemented a range of different policies that have now paid off, with livelihoods gradually improving. This report from northern Bac Giang province.
The government has recently issued Decree No.56/2020/ND-CP on management and use of official development assistance (ODA) and concessional loans granted by foreign sponsors to Vietnam.
Ownership rights and risk-sharing mechanisms must be clarified in public-private partnership (PPP) law to encourage the participation of private investors and ensure efficiency as well as transparency of PPP projects, according to Tran Chung, Chairman of the Vietnam Association of Road Traffic Investors.
The Indonesian government will offer six toll road projects with a combined value of 80.5 trillion Rp (5.3 billion USD) to investors this year, with an aim to recover the economy after the COVID-19 pandemic, according to the Jakarta Post.
Ho Chi Minh City has kicked off 13 major traffic projects with total investment of 3.5 trillion VND (149.12 million USD), according to the city’s Management Board for Traffic Works Construction and Investment.
The Mekong Delta province of Tra Vinh will spend nearly 48 billion VND (over 2 million USD) from the central budget to implement Programme 135 this year, the provincial Board for Ethnic Minority Affairs has said.
Indonesia's plan to invest in a mega project to relocate its capital city has been put on hold, as the country shifts focus to containing the COVID-19, Finance Minister Sri Mulyani Indrawati said.
Aside from speeding up transport infrastructure projects, many localities around Vietnam are also readying plans to reactivate production, business, nd export activities amid and also after the COVID-19 pandemic.
Despite the impact of the COVID-19 pandemic in the first quarter, construction businesses still firmly believe bright growth lies ahead for the rest of the year.
The fact that nearly 35,000 enterprises have now withdrawn from the market three months after the COVID-19 outbreak first appeared in Vietnam reveals the huge impact it has had on business and production.
The Indonesian government will intensify labour-intensive infrastructure projects in different parts of Indonesia to offer employment to members of the low-income community to maintain their purchasing power amid the ongoing COVID-19 pandemic.
The Mekong Delta province of Tra Vinh has earmarked a total of 260 billion VND (10.9 million USD) to consolidate and upgrade local river and sea embankments from now until 2023, as part of the effort to mitigate impact of the climate change.
The acceleration of investment disbursement for transport infrastructure projects is extremely important as the economy has been heavily affected by the COVID-19 epidemic, Prime Minister Nguyen Xuan Phuc said at a meeting of the Government’s standing board in Hanoi on March 12.
Support packages from the Government and banks would contribute to partly reducing difficulties for enterprises affected by COVID-19, but stronger measures should be taken for the hardest-hit industries, experts said.
Foreign investors still pay great attention to Vietnam albeit the complicated developments of the acute respiratory disease caused by Covid-19 which started to hit the world earlier this year.
The southern province of Kien Giang estimates to welcome 585,680 tourists in February, a drop of 44.5 percent from the previous month as a result of the COVID-10 outbreak.
Ha Long city in the northern coastal province of Quang Ninh has planned to spend 2.5 trillion VND (nearly 108 million USD) on 57 public works, especially transport infrastructure projects, in 2020.
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