Infrastructure Asia could support Hanoi in the search for consultants and partners in urban development, as well as in accessing capital from financial institutions. Infrastructure Asia seeks to strengthen cooperation with localities in Vietnam, including Hanoi, in addressing urban issues of water provision, wastewater treatment, logistics, and energy development. Overview of the meeting. Photo: Lien Ha Lavan Thiru, Executive Director of Infrastructure Asia - a project facilitation office set up by Enterprise Singapore and the Monetary Authority of Singapore - stressed the view in a meeting with Standing Vice Chairman of the Hanoi People's Committee Le Hong Son on June 23 in Hanoi. At the meeting, Lavan Thiru made a brief presentation on the role of Infrastructure Asia, emphasizing that it is an entity established by the Singapore government which supports Asia's social and economic growth through infrastructure development. In this regard, Infrastructure … [Read more...] about Singapore’s Infrastructure Asia seeks cooperation with Hanoi
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Haiphong hails a string of new projects
Le Trung Kien, director of the HEZA, awarded an investment certificate to Tien Thanh IZ’s infrastructure development project in Tien Lang district According to Pham Huu Quang Huy, director of the Investment Management Department at the HEZA, in the first half of this year, the city’s industrial and economic zones (IZs and EZs) allured 21 new foreign-invested projects, and 18 existing foreign-invested projects asked for supplemental capital. New foreign direct investment (FDI) volume reached $755.7 million, equal to 56.2 per cent on-year. Up to now, the city’s IZs and EZs attracted 438 foreign-invested projects valued at $22.07 billion in total capital and 195 local ones worth $12.57 billion. Tien Thanh Industrial Zone At the conference, Le Trung Kien, director of the HEZA, awarded an investment registration certificate to Tien Thanh IZ’s infrastructure development based in Tien Lang district. He also granted new investment certificates to three new projects … [Read more...] about Haiphong hails a string of new projects
G7 touts $600 bn global infrastructure plan to rival China
The Partnership for Global Infrastructure and Investment, unveiled with fanfare by U.S. President Joe Biden and G7 allies from Canada, Germany, Italy, Japan and the European Union, aims to fill a huge gap left as communist China uses its economic clout to stretch diplomatic tentacles into the furthest reaches of the world. Biden said the target was for the United States to bring $200 billion to the table, with the rest of the G7 another $400 billion by 2027. Funding the kinds of projects that China currently dominates -- everything from roads to harbours in far-flung corners of the world -- is not "aid or charity," Biden said. Highlighting the geostrategic thinking behind the plan, Biden said such projects "deliver returns for everyone, including the American people and the people of all our nations." Around the world, the role of China's democratic rivals is "a chance for us to share our positive vision for the future" and for other countries to "see for themselves the … [Read more...] about G7 touts $600 bn global infrastructure plan to rival China
HCMC to address projects behind schedule in Thu Duc City
The meeting between the second unit of HCMC People’s Council and voters (Photo: SGGP) Representing the second unit, Head of the Propaganda and Education Board of the City Party Committee Phan Nguyen Nhu Khue confirmed that the unit will collect all opinions of participants to report to HCMC People’s Council for consideration and response. He also asked that state leaders in Thu Duc City increase discussion with residents to welcome more practical proposals, urgent concerns of citizens for timely explanation and proper feedback. Hearing the information that certain residents have lived for 20 years in temporary accommodation, delegate Khue requested Thu Duc City immediately address the issue, avoiding the case of having such a strongly developed hi-tech park but letting people live unstably. As to other projects behind the schedule in Thu Duc City, he asked that Thu Duc City quickly review and introduce suitable road maps to address, beginning with urgent projects receiving … [Read more...] about HCMC to address projects behind schedule in Thu Duc City
HCM City calls for EU investment in nearly 200 projects
Ho Chi Minh City is calling for investment into 197 projects in ten key areas, including infrastructure development, agriculture, industry, trade and services, healthcare, tourism, education and housing, an official told the Vietnam – Europe Business Forum in the southern largest economic hub on June 30. The Vietnam – Europe Business Forum takes place in HCM City on June 30. (Photo: VNA) Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said EU countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retaile and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include … [Read more...] about HCM City calls for EU investment in nearly 200 projects
Bac Giang expands development space for industry, services
Bac Giang expands development space for industry, services. - Illustrative image (Photo: baobacgiang.com.vn) Bac Giang (VNA) – Chairman of the People’s Committee of Bac Giang province Le Anh Duong said the province will focus investment on developing socio-economic infrastructure , aiming to create breakthroughs to attract investment in the time ahead. According to Duong, Bac Giang plans to accelerate work to complete several key projects early, including a 7-storey building for the provincial hospital, and expansion of the functional rehabilitation hospital and medical centres of Tan Yen, Lang Giang and Hiep Hoa districts. Besides, Bac Giang will speed up the pace of transport projects with the aim of expanding the space for the development of industry and services by connecting with other localities such as Bac Ninh, Hai Duong, Thai Nguyen, Lang Son, Hanoi and Quang Ninh. The projects include a road linking National Roads 37 and 17 and Vo Nhai in Thai Nguyen, a road and … [Read more...] about Bac Giang expands development space for industry, services
