Of the total funding, VND 2 trillion (USD 86 million) will be sourced from district and commune budgets, VND 900 billion (USD 38.7 million) is to come from businesses and economic organizations, and VND 440 billion (USD 18.92 million) from central and provincial coffers. Meanwhile, VND 1.8 trillion will be funded by other development programs and projects. Local communities are expected to contribute around VND 500 billion. VND 60 billion (USD 2.58 million) will be allocated to Yen My, Kim Dong and Phu Cu districts which have registered for the recognition in the year. Photo: thuonghieucongluan.com.vn Each of the 28 communes in the six districts of Tien Lu, Phu Cu, An Thi, Kim Dong, Khoai Chau and Yen My which have yet to earn the status will get VND 10 billion (USD 430,000). Meanwhile, 16 communes registering to become model new-style rural areas for the 2019-2020 period will receive VND 5 billion (USD 215,000) each. Twenty residential areas which aim to … [Read more...] about Hung Yen to mobilize VND 5.6 trillion for new rural area building
1 trillion yen to billion usd
Hung Yen to mobilise 5.6 trillion VND for new rural area building
A farmer in Xuan Quan flower village, Van Giang district, Hung Yen province, is taking care of her flower garden. (Photo: vov.vn) Hung Yen (VNA) – The Red River Delta province of Hung Yen plans to inject 5.6 trillion VND (240.8 million USD) into the new-style rural area building, aiming to have all of its communes win the status in 2019. Of the total funding, 2 trillion VND (86 million UD) will be sourced from district and commune budgets, 900 billion VND (38.7 million USD) is to come from businesses and economic organisations, and 440 billion VND (18.92 million USD) from central and provincial coffers. Meanwhile, 1.8 trillion VND will be funded by other development programmes and projects. Local communities are expected to contribute around 500 billion VND. 60 billion VND (2.58 million USD) will be allocated to Yen My, Kim Dong and Phu Cu districts which have registered for the recognition in the year. Each of the 28 communes in the six districts of Tien Lu, Phu Cu, … [Read more...] about Hung Yen to mobilise 5.6 trillion VND for new rural area building
SBV Governor vows to speed up settlement of weak banks, bad debts
Governor of the State Bank of Vietnam Le Minh Hung (Source: VNA) Hanoi (VNA) - Governor of the State Bank of Vietnam (SBV) Le Minh Hung was questioned on the pace of handling bad debt and banks with bad performances during the question-and-answer session on November 1 at the 14th National Assembly’s ongoing sixth session. Answering a query by Deputy Nguyen Thi Yen from southern Ba Ria-Vung Tau province about the ineffective and asynchronous implementation of the NA’s Resolution No.42 on settling bad debt, Hung said that the implementation duration of the resolution is just over one year, as it took effect on August 15, 2017. According to Hung, the resolution has been carried out drastically over the past year, producing initial positive results. He cited reports at a conference held by the SBV in late September this year which said that credit institutions handled 140 trillion VND (6 billion USD) worth of bad debts, and the Vietnam Asset Management Company handled … [Read more...] about SBV Governor vows to speed up settlement of weak banks, bad debts
Central, Central Highlands localities asked to boost connectivity
Da Lat city in Lam Dong province (Source: VNA) Phu Yen (VNA) – A conference held in Tuy Hoa city in Phu Yen province on July 12 looked into the industry and trade sectors of 15 localities in the central and Central Highlands regions, urging them to strengthen their connectivity to tap into the local market and boost development. Statistics showed that the regions’ industrial production value exceeded 198 trillion VND (8.58 billion USD) between January and June this year, up 11 percent from the same period in 2017. The localities have paid attention to developing economic zones, and industrial parks and clusters, thus creating better conditions for attracting investment and creating jobs. There are now 13 economic zones in the regions. As of June 2018, 1,558 projects worth 150.5 trillion VND (6.52 billion USD) had become operational there. The regions were also busy with trading activities in the first half of the year. While total retail sales of consumer goods and … [Read more...] about Central, Central Highlands localities asked to boost connectivity
Quang Ninh strives to become international tourism hub
Endowed with natural advantages for sea and island tourism, the northeastern province of Quang Ninh is working to promote its tourism brand abroad and become an international tourism hub by 2030. Vinpearl Ha Long Resort (Photo: baoquangninh.com.vn) The province has called for investment in infrastructure projects and mobilised resources for key tourism services like ports, wharfs, accommodations, high-end resorts and entertainment complexes, among others. An array of projects have created a new look for the province, including BIM Group’s 230-hectare Ha Long Marina urban area. The group earmarked 2 billion USD for the complex, which comprises Halong Marine Plaza shopping centre, a CGV cinema, a children’s entertainment zone, beaches, pools, apartment blocks and rows of shop houses and townhouses. Meanwhile, the 214-hectare Sun World Ha Long Complex developed by SunGroup has become one of the main local tourist attractions. Riding a sea-crossing cable line or the … [Read more...] about Quang Ninh strives to become international tourism hub