The construction of the bridge commenced in June 2015 at a total investment of VND 722.6 billion, invested in by the provincial Department of Traffic. The bridge measures 4 kilometres long, is 17 metres wide, and has four lanes for traffic. The project is on a major traffic route connecting Yen Bai city to the right bank of the Red River, linking the city with the Noi Bai - Lao Cai Highway and contributing to the city’s northwest gateway development and urban expansion. It also helps to allocate a large amount of the city’s population in order to create a foundation for Yen Bai to become a second-grade city by 2020. … [Read more...] about Yen Bai: Tuan Quan bridge begins trial operation
A computer-generated image of the Mỹ Thuận 2 Bridge in HCM City. — Photo saigondautu.com.vnViet Nam News HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has given his approval for compensation to be paid to residents being relocated for the construction of the Mỹ Thuận 2 Bridge in the Mekong Delta. He assigned the Ministry of Transport and People’s Committees of the two southern provinces of Tiền Giang and Vĩnh Long to implement the framework. The VNĐ5.13 billion (US$219,000) bridge will be constructed under the public-private investment mechanism. It is part of the Government’s plan to build the eastern section of the North-South Expressway. Mỹ Thuận Bridge 2 will be located 350m from Mỹ Thuận Bridge, with the total length of 6.6km. The Ministry of Construction said its technical design will be completed within the third and fourth quarters of this year. Construction … [Read more...] about PM approves compensation framework for major bridge construction
Indonesian Industry Minister Airlangga Hartarto (Source: antaranews.com) Jakarta (VNA) - Singapore’s new investment in Indonesia rose 38 percent to reach 5.04 billion USD in the first half of this year compared with the same period last year, according to Indonesian Industry Minister Airlangga Hartarto. In the whole of 2017, Singapore's new investment in Indonesia was valued at 8.44 billion USD. Meanwhile, Indonesia's exports of non-oil/gas commodities to Singapore stood at 9 billion USD, making that neighboring country the fifth largest destination of Indonesia’s exports of commodities other than oil and gas. Indonesia had been active in seeking to attract investors from Singapore to do business in the Kendal Industrial Estate (KIK), which is jointly developed by Indonesian and Singaporean investors in Central Java. The country will focus on the development of furniture polytechnics in the industrial estate, said the Indonesian minister. KIK will be the … [Read more...] about Singapore’s investment in Indonesia surges
Both nations are enjoying a good strategic cooperative partnership, Phuc said, adding that nearly 160,000 Vietnamese and RoK nationals are living in each nation, which serves as a bridge connecting the two peoples and contributes to their future. The RoK is currently the biggest foreign investor in Vietnam, he noted. He told his host that the Vietnamese Government welcomes and provides the optimal conditions for foreign businesses to land investments in Vietnam, including those from the Republic of Korea (RoK). He said he hopes that Korean investors would continue pouring more capital into high-tech sectors, heavy industry, and infrastructure development. PM Phuc expressed his hope that RoK companies will bring state-of-the-art technologies to Vietnam, join hands in environmental protection, create more jobs for local people, and make greater contributions to Vietnam-RoK ties. He wished for stronger cooperation between both nations’ enterprises and suggested the RoK import … [Read more...] about PM Phuc appreciates RoK’s continued investments in Vietnam
VietNamNet Bridge - Foreign investors registered 527 projects from the beginning of the year to July 15, with total capital of $498 million, according to the HCMC Planning & Investment. HCMC is a n attractive destination point for foreign investors Only 428 projects were registered in the same period last year, but the total capital was higher, at $743 million. Phong has requested the city’s agencies to find out if there are problems that prevent investors from coming to the city, and why the city cannot lure large projects. RELATED NEWS Vietnam drafts next-generation FDI strategy Will US amended tax law divert FDI flow from Vietnam? Kim Chi … [Read more...] about Should Vietnam accept small foreign-invested projects?