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VN determinedly stops slow public investment projects

May 23, 2022 by www.sggpnews.org.vn

Deputy Prime Minister Le Minh Khai (first on the left) is investigating the construction site of Provincial Road No.910 in Can Tho City. (Photo: SGGP) The Transport Ministry reported that the land compensation step in the first stage of the mega North-South Expressway project has finished. However, some technical infrastructure has not been fully moved. The total expense for construction until now has reached VND20,087 billion ($867 million), accounting for 35.4 percent of the contract value, and 0.7 percent later than the planned one. The disbursement volume for the four projects to be completed this year is 53.4 percent of the contract value, which is 2.6 percent later than expected. In the Southern region, the 21-kilometer coastal road project from Rach Gia City to Hon Dat District of Kien Giang Province has the total investment of VND600 billion ($26 million), and is planned to complete two years after its commencement date of January 2020. Since the construction work is … [Read more...] about VN determinedly stops slow public investment projects

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HCMC establishes assessment board of HCMC-Moc Bai expressway project

May 23, 2022 by www.sggpnews.org.vn

Map of the HCMC-Moc Bai expressway The assessment board consisting of 18 members who are representatives of the relevant departments will be responsible for preparing and completing reports of the project. The board will evaluate the pre-feasibility study report on the construction project of the HCMC-Moc Bai expressway which will be built under the PPP (Public-Private Partnership) format. According to the construction project, the HCMC-Moc Bai expressway has a total length of over 50 kilometers with six lanes, starting from the Ring Road 3 in HCMC’s Cu Chi District, spanning over the Vam Co River and linking up to Moc Bai International Border Gate in Tay Ninh Province’s Ben Cau District. The section running through HCMC is 23.7 kilometers. The highway costs nearly VND15.9 trillion (US$690 million), including the cost of compensation of VND7, 433 billion (US$322.5 million). The new expressway is expected to reduce traffic pressure on the National Highway No 22 and … [Read more...] about HCMC establishes assessment board of HCMC-Moc Bai expressway project

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SEA Games 31: Vietnamese finswimming team win 10 golds in total

May 24, 2022 by en.qdnd.vn

On May 22, the last day of competition, Vietnamese finswimmers set four new SEA Games record and pocketed five gold medals. Veteran Nguyen Thanh Loc finished first in the men's 50m surface, setting a record of 15.60 sec. Indonesian Wahyu Anggoro Tamtomo was second (15.83 sec) and Thai Khet Chamnanwat third (16.12 sec). Pham Thi Kim Thuong overcame all other rivals in the women's 800m surface with her personal best of 7:19.18 min. Indonesian Andhini Muthia Maulida (7:28.67 min) and her compatriot Katherina Eda Rahayu (7:31.72 min) were second and third, respectively. In the relay event, the Vietnamese triumphed the men's 4x100m surface. Their time of 2:25.57 min is a new SEA Games record. Thailand (2:30.74 min) and Indonesia (2:31.06 min) were the two runners-up. The last record went to the women's 4x100m surface team as the hosts claimed their gold in 2:47.23 min. Indonesia (2:47.66 min) and the Philippines (3:05.57 min) came second and third. Earlier, Vietnam also … [Read more...] about SEA Games 31: Vietnamese finswimming team win 10 golds in total

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Goodbye to the SEA Games

May 23, 2022 by vietnamnews.vn

THAT'S A WRAP: Participants parade during the closing ceremony of the SEA Games 31. VNA/VNS Photo Quang Hải Hoàng Hồ HÀ NỘI — The SEA Games 31 in Việt Nam has come to an end with a closing ceremony on May 23 at Hà Nội's Indoor Games Gymnasium, attended by Vietnamese and international leaders, athletes and fans. Announcing the official closing of the Games, Vietnamese PM Phạm Minh Chính said: “The SEA Games 31 has been a great success. "More than 10,000 athletes, referees and coaches have more than 10,000 stories about their efforts and sacrifices in overcoming difficulties and challenges to participate in the region’s biggest sports festival. "There were smiles and joy of winning and there are also tears, sadness and regret when the results weren’t as expected. "But above all, every athlete tried their best, competed hard, exchanged, learned, explored different cultures and received support and encouragement from fans. That’s a true victory for all of us. … [Read more...] about Goodbye to the SEA Games

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Cambodian sports make giant leap at SEA Games 31

May 23, 2022 by en.vietnamplus.vn

Cambodia win the bronze in the men's indoor volleyball of SEA Games 31. (Photo: VNA) Phnom Penh (VNA) – Cambodia earned a total of nine gold, 13 silver and 41 bronze medals at SEA Games 31 hosted by Vietnam, ranking eighth in the medal tally, which is a giant leap compared to the 30th edition in the Philippines in 2019 when the country brought home only four gold medals, six silvers and 36 bronzes. Vath Chamroeun, Secretary General of National Olympic Authority of Cambodia (NOCC) and the National Organising Committee of the 32nd Southeast Asian Games 2023 ( CAMSOC ), praised the hard work of all Cambodian athletes and coaches at this year’s Games in Vietnam At the closing ceremony of SEA Games 31 slated for May 23 evening, Cambodia is to stage a 10-minute art performance following the handover of the SEA Games Federation flag from Vietnam. Official theme and song for the upcoming Games will be revealed during the event, which also features a performance of … [Read more...] about Cambodian sports make giant leap at SEA Games 31

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Public investment identified as urgent task for economic recovery: Gov’t

May 23, 2022 by hanoitimes.vn

The challenge would be huge for localities and Government agencies to fully disburse the public investment funds for this year. The government’s task force groups are now working with provinces/cities and ministries to accelerate public investment, seen as an urgent task to ensure economic recovery. The construction of the Eastern North-South expressway, section Phan Thiet - Giau Day. Photo: Phuoc Tuan Data from the Ministry of Finance (MoF) revealed the disbursement of public investment funds in the first five months of 2022 stood at a modest rate of 22.37%, of which the disbursement of domestic funds accounted for 23.53%, and that of foreign capital at 6.26%. The MoF added 41 out of 51 Government ministries and 21 from 63 provinces/cities posted disbursement rates below 20%, including five ministries with no disbursement at all. Meanwhile, localities pointed to unfavorable weather conditions, difficulties in site clearance or rising construction … [Read more...] about Public investment identified as urgent task for economic recovery: Gov’t

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