Domestic Press Highlights (10-01-2008) Da Nang to invest in infrastructure The People's Committee of Da Nang will spend US$1 million to hire foreign experts for consultation and work in the fields of urban architecture, traffic systems, construction and urban planning. The aim is to make Da Nang a modern, civilised city. Tuoi Tre (Youth) Museum guides learn to talk the talk Officials and guides from nine leading museums in Ha Noi and HCM City, including the Viet Nam Revolution Museum and Ho Chi Minh Museum, took part in a course on presentation and communication skills last week organised by the Department of Heritage in Ha Noi. Participants discussed challenges facing museums, ways of improving services to meet local and foreign demand, and steps to take in co-operating with other museums. NHAN DAN (The People) 600 Hoa residents to celebrate Tet More than 600 Hoa residents, including overseas Chinese-Vietnamese, will attend a party to celebrate Tet on February 14, organised by the … [Read more...] about Da Nang to invest in infrastructure
Invest in infrastructure
Phu Tho Prioritizes Investment in Infrastructure
(VEN) - Phu Tho Province was chosen as a key industrial economic zone in the early stage of the country's construction period, with the province receiving investment to build large-scale infrastructure and industrial plants. Thanks to its efficient water-based and land-based traffic infrastructure, the province plans to develop additional Industrial Zones (IZs) and Industrial Complexes (ICs) over tends of thousands of hectares. According to provincial reports, there are seven Government-approved IZs prioritized for development by 2015, with vision to 2020. The province has invested in constructing the major Thuy Van and Trung Ha IZs. By the end of 2011, total expenditure on constructing infrastructure at Thuy Van and Trung Ha IZs and Bach Hac Industrial Complex reached nearly VND500 billion, of which VND475 billion was sourced from the State with the remaining VND21 billion provided by the Vietnam Development Bank (VIDB). Communication and water supply works were completed by Phu Tho … [Read more...] about Phu Tho Prioritizes Investment in Infrastructure
State prioritizes private investment in infrastructure development
The private sector, both domestic and foreign, will be given priority to invest in Vietnam's infrastructure development with the aim of attracting US$72.8 billion in the 2010-2020 period, said the Ministry of Planning and Investment at the Vietnam-Japan forum on State and Private Cooperation held in Hanoi on March 20. Tran Bo, Vice Chairman of the Urban Infrastructure Department under the Ministry of Planning and Investment, affirmed that it is important to create favourable conditions for the private sector to invest in infrastructure development and service supply projects. The total demand for social investment is increasing while the State budget is small and State spendings on infrastructure development remain limited, he said.Prof. Fukunari Kimura from Keio University said that this form of cooperation helps combine sources of capital and share responsibility and risks so as to achieve high effectiveness due to its simple management model and high competitive edge. Kazuhiko … [Read more...] about State prioritizes private investment in infrastructure development
VN needs to foster private investment in infrastructure projects
Vietnam needs to encourage the private sector to invest into improving the country's infrastructure, said international investors and experts at the Vietnam Business Forum Nov. 29. The event is being hosted by the World Bank (WB) just a few days ahead of the WB-chaired Consultative Group meeting, where foreign donors are set to pledge assistance for Vietnam. Vietnam's infrastructure, including road systems and ports, are still of very poor quality which pushes up investment costs and affects the competitiveness of its businesses, said Tony Foster, an expert from the American Chamber of Commerce (Amcham) in Vietnam. The problem now is how to push up investment from the private sector into infrastructure construction, he said. So far, some infrastructure projects funded by foreign and private investment like two power facilities in the southern Ba Ria - Vung Tau province have proven to be very efficient, said donors. However, the private sector is still struggling to … [Read more...] about VN needs to foster private investment in infrastructure projects
PM urges better investment in infrastructure
The Vietnamese government will tighten control of its state investments in infrastructural constructions, Prime Minister Phan Van Khai pledged during the regular June cabinet meeting that concluded Friday. The three-day meeting, which began on June 30, also debated a number of reports reviewing the country's June and six-month socio-economic performance, the government's operation and State administrative reform for the first half of this year. The government will stop its investments in slow and ineffective infrastructural constructions as one measure to ensure the rate of economic development, PM Khai said. During the last six months, the total sum of investment being used was reduced because of low disbursement, according to Minister of Planning and Investment Vo Hong Phuc. The loans are not being used because of the sluggishness in clearing the ground for projects in many localities, he said. "The state investment will focus on construction projects that have … [Read more...] about PM urges better investment in infrastructure