The northern port city of Hai Phong will make efforts to attract between 2.5 - 3 billion USD in foreign direct investment (FDI) in 2021, according to head of the management board of Hai Phong’s economic zones Le Trung Kien.
Construction of the expanded Hoa Binh hydropower plant began in the northern mountainous province of Hoa Binh on January 10, with Prime Minister Nguyen Xuan Phuc attending the ground-breaking ceremony.
The disbursement of public investment was estimated at 398 trillion VND (17.24 billion USD) as of the end of December, meeting 82.8 percent of the Government’s plan – the highest rate in the 2016-20 period, according to the Ministry of Planning and Investment.
The airport system, including Long Thanh International Airport, will play a significant part in making Vietnam stronger in the coming time, Prime Minister Nguyen Xuan Phuc said on January 5.
Prime Minister Nguyen Xuan Phuc gave instructions on ways to address major problems facing by Tra Vinh, Thua Thien-Hue and Thai Binh provinces to help those localities promote development at working sessions on the past several days.
The authorities of the southern province of Binh Phuoc on December 16 held a virtual investment promotion conference with enterprises from the Republic of Korea (RoK).
More drastic reforms of construction-related administrative procedures must be carried to improve transparency and reduce costs for enterprises, heard a conference organised by the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Construction and the Friedrich Naumann Foundation in Hanoi last week.
Weak regional connectivity across land, air and sea has hampered the growth of the southeastern region of Vietnam. Economists believe for the region to develop, it needs to change its mind set and strategy.
Legislators will continue discussing the country’s socio-economic situation, State budget and economic restructuring on the second plenary session of the 14th National Assembly’s 10th sitting on November 4.
Vinh Phuc has reaped success in attracting foreign direct investment (FDI) for many years, and the source of FDI capital has become a driver of economic growth in the province.
The southern province of Dong Nai handed over land for the first phase of the Long Thanh international airport project to the Ministry of Transport at a ceremony held on October 20.
Hacom Bac Lieu Energy JSC on October 11 started construction on the first phase of Hoa Binh 5 wind power plant on an area of 28 hectares in Vinh Thinh commune, Hoa Binh district, the Mekong Delta province of Bac Lieu.
The management board of industrial parks in northern Vinh Phuc province granted investment licences to 57 projects in the first nine months of this year.
The northern coastal province of Quang Ninh targets double-digit growth in the gross regional domestic product (GRDP), and State budget collection of a 48 trillion VND (approximately 2 billion USD) in 2020, according to Secretary of the provincial Party Committee Nguyen Xuan Ky.
The southern province of Dong Nai has mobilised all resources to speed up the progress of several major transport projects, including the Long Thanh International Airport.
HCM City will continue to speed up the disbursement of public funds and seek to increase budget revenue for the remaining months of the year, the chairman of the municipal People’s Committee has said.
Three component projects of the North-South Expressway whose investment model was shifted from public-private partnership (PPP) to public investment model have attracted interest from investors as hundreds of contractors have bought bidding documents.
Problems remain in the implementation of Hanoi’s middle-term public investment plan for the 2016-2020 period, Vice Chairwoman of the municipal People’s Council Phung Thi Hong Ha said.
Ho Chi Minh City had disbursed nearly 21.28 trillion VND (920 million USD at current exchange rate) of public investment capital as of August 23, fulfilling 50.5 percent of the assigned capital this year, the city’s Department of Planning and Investment reported.
Business
