Rice paddies in the 2018-2019 crop in the Mekong Delta province of Hau Giang (Photo: VNA) Hanoi (VNA) – The Ministry of Natural Resources and Environment (MoNRE), together with relevant ministries and agencies, is accelerating the building of a master plan for the Mekong Delta’s sustainable development in adaption to climate change to 2030 with a vision to 2050. The infrastructure system of the delta will be carefully planned and developed in a synchronous, smart and climate-change adaptive manner. The resolution set the goal that by 2050, the Mekong Delta will become a region of upper-level development with income per capita higher than the national average while the proportion of ecological agriculture and high-quality applied agriculture will reach 80 percent of agriculture. After more than one year implementing the resolution, around 18 trillion VND (780 million USD) has been allocated to programmes, projects and tasks. The sum included 4.75 trillion VND … [Read more...] about Work accelerated to built master plan for Mekong Delta’s sustainable development
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Private capital is key for Việt Nam’s energy development: WB report
Việt Nam’s energy sector needs private investment for more development. — Photo congthuong.vnViet Nam News HÀ NỘI – New financial sources, especially from the private sector, will help Việt Nam further develop its energy industry, according to a new World Bank report on Việt Nam’s energy development. The report on Maximising Finance for Development in Việt Nam’s Energy Sector said the changing macroeconomic and sectoral context in Việt Nam needed new financial sources for electricity and gas investment activities. It presented an action plan on opening new sources of capital, especially from the private sector, based on a comprehensive analysis of investment demand as well as constraints in the existing legal environment including the capital and forex markets. From now until 2030, Việt Nam’s electricity sector needs new investment of about US$10 billion annually, higher than the average of $8 … [Read more...] about Private capital is key for Việt Nam’s energy development: WB report
Private capital key to Vietnam’s energy development: WB report
Illustrative photo (Source: VNA) Hanoi (VNA) – New financial sources, particularly from the private sector, will help Vietnam further develop its energy industry, according to a new World Bank report on maximising finance for Vietnam’s energy development. Titled “Maximising Finance for Development in Vietnam’s energy sector”, the report said the changing macroeconomic and sectoral context in Vietnam requires a new approach to financing electricity and gas investments. It presented an action plan on how to unlock new sources of finance, especially from the private sector, based on a comprehensive analysis of investment needs as well as constraints in the regulatory environment including the capital and forex markets. Between now and 2030, Vietnam’s electricity sector requires new investments of about 10 billion USD annually, higher than the average of 8 billion USD for the 2011–15 period. Meanwhile, the development of the gas sector is … [Read more...] about Private capital key to Vietnam’s energy development: WB report
Logistics is new growth engine for Vietnam’s sustainable development: experts
The Hanoitimes - "As a market economy, there is no other option for sustainable development than a high competitiveness," stated the head of the Institute for Brand and Competitiveness Strategy (BCSI). Vietnam's competitiveness in global market remains low, which requires the logistics sector to step up its game and become the new growth engine for the country's sustainable development, according to the BCSI. Speakers at the conference. Source: Hai Yen. High logistics cost leads to low competitiveness of Vietnam's exports and a low return for the economy, said Nguyen Van Nam, president of the BCSI at a conference on August 21. "Vietnam's logistics cost is two or three times higher than other countries with similar scale of economic scale." In the process of economic integration, Vietnam has trade relations with 180 countries and attract investments from over 100 countries and territories. However, Vietnamese companies do not create much value addition in the supply … [Read more...] about Logistics is new growth engine for Vietnam’s sustainable development: experts
World Bank seeks fund for Vietnam’s rail development
The conference discussed the vision of the country’s railway sector, appreciation and development plan of the Vietnamese railway industry, prioritization and the mobilization of human resources. Participants asked the railway system to connect with seaports and international railways along economic corridors in the region. Country Director for the World Bank in Vietnam, Ousmane Dione said that WB will connect with financial organizations to seek funds and support for rail development in Vietnam. By BICH QUYEN - Translated by Kim Khanh Tags: World Bank Vietnam’s rail development … [Read more...] about World Bank seeks fund for Vietnam’s rail development