Vietnamplus

The Eastern Economic Corridor (EEC) continues to attract more investors. Last year, the EEC generated over 100 billion baht from outside investment.

All construction on roads and pavements in Hanoi must be halted or completed by January 10 to ensure traffic safety for the upcoming Tet (Lunar New Year) holiday, the municipal transportation department said.

The Asian Development Bank (ADB) said on December 13 that it has approved a 200 million USD loan to help the Philippine government prepare implement major infrastructure projects under its flagship "Build, Build, Build" development programme.

Permanent Deputy Prime Minister Truong Hoa Binh delivered a keynote speech at a high-level session of the 10th Regional Conference of the Anti-Corruption Initiative for Asia-Pacific, themed “Preventing and Combating Corruption in Infrastructure Projects in Asia-Pacific”, in Hanoi on December 6.

The 10th Regional Conference on Preventing and Combating Corruption in Infrastructure Projects in Asia-Pacific opened in Hanoi on December 3.

Leaders of the Republic of Korea (RoK) and Indonesia on November 25 discussed ways to strengthen their cooperation in various areas, including infrastructure projects and the economy.

Sluggish disbursement of public investment capital will hamper the implementation of projects, and particularly, businesses that borrowed from banks will be seriously affected, a legislator has said.

The Asian Development Bank (ADB) has approved a 100 million USD loan to the Government of Indonesia to help boost private sector investments in infrastructure projects.

Banks are advised to have meticulous consideration before lending BOT and BT infrastructure projects as outstanding loans for the projects are likely at risk of turning into non-performing ones.

Deputy Prime Minister Trinh Dinh Dung on October 1 demanded the general contractor to speed up the progress and complete all procedures in order to put the long-delayed Cat Linh-Ha Dong urban railway line into operation this year.

A seminar was held in Ho Chi Minh City on August 30 by the Japan International Cooperation Agency (JICA) to introduce investment opportunities in infrastructure under public-private partnership (PPP) model.

Ho Chi Minh City’s authorities have called on local and foreign investors to invest in the city’s infrastructure.

Foreign investors are getting access to various master plans and priority infrastructure projects and hearing directly from policymakers and authorities at the Infrastructure Vietnam Summit that opened on July 25 in Ho Chi Minh City.

Prime Minister Nguyen Xuan Phuc has urged localities and competent agencies to accelerate the implementation of transport infrastructure projects, saying they are important to the socio-economic development.

Vietnam needs to swiftly perfect its infrastructure to meet growing development requirements as well as foreign investors’ demand, especially when it is expected to become the most attractive investment destination in the region, heard a forum in Hanoi on June 26.

Prime Minister Nguyen Xuan Phuc on June 10 asked the central province of Thua Thien-Hue to mobilise all resources for infrastructure projects in order to speed up local development.

Thailand is accelerating the implementation of many infrastructure projects in the northeast to connect with Laos.

Ho Chi Minh City has decided to convert a number of private transport infrastructure projects that were designated as BOT (build – operate – transfer) and BT (Built – Transfer) into public projects.

The Thai Eastern Economic Corridor (EEC) Office is scheduled to sign a Memorandum of Understanding (MoU) with the China Development Bank (CDB) and the Japan Bank for International Cooperation (JBIC) for financial support of investment projects next week, according to Thailand’s media.

Officials of Ho Chi Minh City and southern Dong Nai province met last week to discuss details about the Cat Lai bridge project, which will connect district 2 in HCM City to Nhon Trach district in Dong Nai province.