Many projects in HCM City’s Thủ Thiêm Urban Area are built under BT contracts. In late 2018, a new resolution on the use of public assets to make payment for investors involving BT projects was issued. VNA/VNS Photo Quang Nhựt HÀ NỘI — The Ministry of Finance plans to develop an electronic trading system for public assets, deputy minister Trần Xuân Hà announced on Thursday. The system aims to ensure transparency in selling, transferring and leasing public assets, following the Law on Management and Use of Public Assets which was issued in 2017 and came into effect in January 2018. Since then, it has established a legal basis for effectively monitoring and ultilising public assets in State and local departments. However, since public assets in Việt Nam are managed and used by many different agencies, it is difficult to have detailed regulations for some types of public property, according to La Văn … [Read more...] about Online platform for public assets trading to be developed
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HCMC party chief prompts public investment disbursement
The statement was made by Politburo member and secretary of HCMC Party Committee Nguyen Thien Nhan at the 22th conference of the executive board of HCMC Party Committee on November 29. According to Mr. Nhan, disbursement progress has been too slow at many agencies. In response to residents’ proposal to repair roads and tackle the flooding, relevant agencies answered shortage of capital. That is just part of the issue as many agencies have not used up their arranged public investment funds. Specifically, disbursement reaches only 70 percent at the Management Board on Hi-Tech Agriculture and 59 percent at the Department of Agriculture and Rural Development. HCMC party chief Nguyen Thien Nhan (Photo: SGGP) It is only 58 percent and 53 percent at HCMC Transport Department and Steering Center on Urban Flood Control Program who are responsible for handling traffic jam and floods. In urban and infrastructure field, disbursement is only 43 percent at Ho Chi Minh City … [Read more...] about HCMC party chief prompts public investment disbursement
Lao economy grows robustly, but with public debt risk: WB
Economic growth in Laos has seen robust expansion compared to regional peers but the country is still at risk due to high public debt, with growth in the share of debt on less concessional terms, according to a report of the World Bank (Photo: www.worldbank.org) Hanoi (VNA) - Economic growth in Laos has seen robust expansion compared to regional peers but the country is still at risk due to high public debt, with growth in the share of debt on less concessional terms, according to a report of the World Bank (WB). Laos' economic growth was forecast at 6.7 percent this year, while public debt was estimated to be 61 percent of GDP at the end of 2017. The report said solid export performance from the power and manufacturing sectors would continue while tourism is expected to recover. Macroeconomic management is improving with stronger efforts to increase revenues, keep spending under control and clear arrears with greater flexibility in the exchange rate. Inflation remains low at … [Read more...] about Lao economy grows robustly, but with public debt risk: WB
Strengthening the transport and logistics sectors to boost trade…
Designed to establish a national system for collecting, processing and publishing transport and trade logistics statistics on an annual basis, the project is part of the World Bank’s support to the Government of Vietnam’s integrated program for trade facilitation and logistics development.Photo: baogiaothong.vnDespite substantial increases in public investment in infrastructure, trade-related infrastructure has not maintained pace with the growth of exports. Weak infrastructure and transport links - especially weak corridors connecting key value chains to main international gateways, as well as high transport costs, poor quality of transport, and logistics services, are constraining trade potential. “Developing a robust logistics data system is crucial for designing and implementing effective policies to enhance Vietnam’s logistics performance and competitiveness”, said Sebastian Eckardt, Lead Economist of the World Bank in Vietnam. Financed by the … [Read more...] about Strengthening the transport and logistics sectors to boost trade…
PM urges Gov’t offices to support investment
Prime Minister Nguyễn Xuân Phúc speaks at a monthly Government meeting in Hà Nội yesterday.— VNA/VNS Photo Thống Nhất HÀ NỘI — Prime Minister Nguyễn Xuân Phúc highlighted a number of issues that are slowing down the country’s efforts to improve its investment environment during a monthly Government meeting in Hà Nội yesterday. “Just this morning, I was informed by the head of the Government Office that there was an incident in which a locality needed to make 33 trips to a local construction department to make adjustments to their plan,” he told the meeting. The PM urged all government offices both on the central and local level to contribute to the nation’s campaign to support investment and development. He said this was the only way for the whole system to move forward, with every single gear moving in the same direction. The PM said measures must be taken … [Read more...] about PM urges Gov’t offices to support investment