Another 480 trillion dong ($23.4 billion) will be needed to develop the nation’s transportation infrastructure between now and 2015, prime minister Nguyen Tan Dung told a recent meeting of the Ministry of Transport in the capital city. Dung urged the transport sector to step up efforts to mobilise investment from private resources for infrastructure development. [...]
Vietnamese government has recently officially approved a plan to attract, manage and use ODA (official development assistance) capital source and other soft loans of sponsors in 2011-2015 period. Accordingly, one of the top prioritized orientations in using ODA capital is to perform development targets of the 5-year socio-economic development plan in 2011-2015, which focus on [...]
Fred Hochberg, Chairman and President of the Export-Import Bank of the United States (Ex-Im Bank), is leading a business-development mission in Vietnam from Feb. 5-8. The visit aims to boost commercial ties and business opportunities between the US and Vietnam with focus on promoting the closure of nearly US$1.5 billion in critical infrastructure projects in [...]
Dong Van Lam, deputy chairman of the People’s Committee of Tra Vinh Province, on January 27 said the province had granted three investment licenses to the Ha Long Investment Development and Commercial Joint Stock Company having a total registered capital of VND24,500 billion ($1.2 billion). These will be the first projects to be licensed in [...]
On December 20, the Asian Development Bank (ADB) signed a non-refundable aid worth $1.5 million for Vietnam to build pilot project of traffic safety improvement on highway connecting the Ninh Thuan and Binh Thuan. The fund is from the Japan Fund for Poverty Reduction managed by ADB, Tomoyuki Kimura, ADB’s Director in Vietnam said. The [...]
The Ministry of Transport has approved the first phase of National Highway 20 upgrade to transport bauxite ore from the Central Highland province of Lam Dong to southern Dong Nai province. According to Decision 2525/QD-BGTVT, signed by Minister Dinh La Thang on November 7, the 123km road from Lam Dong rovince to Go Dau Port [...]
Pursuant to the Government’s capital allocation plan for 2012, the traffic and transportation sector needed 54 trillion dong, including 15 trillion dong of the state budget for 87 projects (41 official development assistance (ODA) projects). Also the ministry proposed the government to allocate 20 trillion dong from G-bonds for 120 projects. The remaining 20 trillion [...]
Vietnam can only meet half of the capital it needs for infrastructure development and will have to seek more invesment from the private sector, according to a report on the government’s website. The country needs $15-16 billion a year for its infrastructure projects, but the government can only provide $7-8 billion, the report said, citing [...]
France will provide $800-900 million to help Vietnam implement the tunnel project through Ca pass located in the central Phu Yen – Khanh Hoa provinces . A memorandum of understanding (MoU) to this effect was signed in Paris on November 22 by Ca Pass Investment JSC of Vietnam and Credit Agricole Corporate & Investment Bank [...]
Swiss businesses have expressed their wish to help Ho Chi Minh City promote its economic development, especially infrastructure development. During a meeting with the Municipal People’s Committee Chairman Le Hoang Quan on November 17, Swiss Economic Minister Marie Gabrielle Ineichen Fleish said Vietnam is of great importance to Switzerland, in a list of priorities for [...]
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