Vietnamplus

President Nguyen Xuan Phuc met representatives from leading Thai groups that are running large-scale projects in Vietnam as part of his trip to Thailand on November 17.

A ceremony took place at the Lien Ha Thai industrial park in the northern province of Thai Binh’s Thai Thuy district on February 18 to begin the construction of three large-scale projects worth 240 million USD in total.

Thailand’s Board of Investment (BoI) recently approved five large-scale projects with a total investment value of 41.83 billion THB (1.34 billion USD) in an effort to reactivate economic drivers after the country began easing lockdown measures.

The nature of Public-Private Partnership (PPP) projects is sharing risks between the State and the private sector, therefore a detailed audit framework should be developed.

The private economic sector has played an important role in creating a facelift to the infrastructure development in the northern coastal province of Quang Ninh over the recent past.

Prime Minister Nguyen Xuan Phuc has urged ministries and agencies to work to avoid upcoming power shortages.

The central province of Quang Tri will carry out 30 large-scale projects with the total investment of about 100 trillion VND (4.31 billion USD) in 2019.

The Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) signed a memorandum of understanding on cooperation in developing projects with CPG International Pte Ltd, a subsidiary of Singapore-based CPG Group, on March 5.

The State Audit will focus on a number of major projects in 2019, including the Ben Thanh-Suoi Tien metro line, as well as the 10-trillion-VND flood control project in Ho Chi Minh City and Cat Linh-Ha Dong railway line in Hanoi, according to Auditor General Ho Duc Phoc.

Malaysia’s finance ministry said on May 30 that the government has set up a fund to let the public contribute to easing the country’s huge national debt.

The Mekong Delta city of Can Tho will host an investment promotion conference in August to introduce its economic development achievements and potential, as well as policies on investment attraction.

Total foreign direct investment (FDI) in Vietnam reached 11 billion USD from the outset of the year, a year-on-year surge of nearly 41 percent, said the Foreign Investment Agency.

Prime Minister Nguyen Xuan Phuc expressed hope that his visit to Japan from May 26-28 will create new impetus to further strengthen the relationship between Vietnam and Japan.

Newly-licensed large-scale projects spurred nine-month foreign direct investment (FDI) registered in Vietnam to soar 53.4 percent year-on-year to 17.15 billion USD in the first nine months.