public investment

Update news public investment

MPI vows to tighten public investment

VietNamNet Bridge – Local authorities and ministries are drawing up large public investment projects, even though the state budget remains modest.

Investment law tackles corruption

VietNamNet Bridge – Encouraging rational decision-making is a strong feature of the 2014 Law on Public Investment, Dao Quang Thu, Deputy Minister of Planning and Investment, tells the Viet Nam & World Economic Affairs newspaper.

BUSINESS IN BRIEF 3/10

 Binh Dinh approves refinery plan; Economy struggles to cope with bad debt, slow growth; Domestic apparel sales predicted to rise 10-15%; Auto market growth seen unsustainable; Ho Chi Minh City sees significant economic recovery

Nation targets growth rate of 5.8%

 VietNamNet Bridge – Drastic measures should be taken by ministries, agencies and provinces to meet the 5.8 per cent GDP growth target this year.

Fort Hood’s Luong becomes first Vietnamese-American general

Fort Hood Col. Viet Xuan Luong became the first Vietnamese American to be made a general in US history in an August 6 ceremony at Cooper Field at Fort Hood, attracting Austin police and members of the local Vietnamese community.

Restructuring public investment continues to show results

 VietNamNet Bridge – Nguyen Quang Thai, a professor at the Viet Nam Economics Science Association, told newspaper Dai doan ket (Great National Unity) about the progress made towards restructuring public investment.

PM addresses socio-economic issues

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung asked ministries and localities to continue the comprehensive and effective implementation of socio-economic development tasks at a Government meeting in Ha Noi yesterday, April1.

BUSINESS IN BRIEF 19/1

 Danang inks Thai agreement; FTA promotes Vietnam-Chile agricultural trade; Toshiba eyes Vietnam’s smart grid investment; Da Nang attracts US$295 million in FDI; VNDirect joins hands with Singapore firm

New law aims to curb state waste

 VietNamNet Bridge – A new draft law hopes to stringently control state-funded projects through stiff regulations, in an effort to battle corruption and waste.

Lawmakers agree to issue law on public investment

 VietNamNet Bridge – Lawmakers have agreed to issue the Law on Public Investment to improve the efficiency of public investment in line with the country's socio-economic development plan, while also meeting the demand for economic restructuring.

Public investment touted as stimulus for growth

VietNamNet Bridge – Under great pressure to realize the economic growth target, the Government and localities are seeking ways to spur investment demand and unblock the capital flow. A measure tabled now is to bolster public investment.

Fiscal easing sought to foster economic growth

VietNamNet Bridge – The Government should boost public investment via government bond issuance to the major projects currently in financial distress, all for the sake of economic growth,

Banks rush to disburse money for real estate projects

VietNamNet Bridge – The recent moves by commercial banks of lending more capital to estate projects have brought high hopes to investors. However, analysts say the “exit door” remains too narrow for them.

Steel super-project raises big worries

Formosa Plastics has just started the construction of the first blast furnace of the steel mill in Vung Ang economic zone. However, industry experts say they feel worry instead of joy about the project which may bring unforeseen consequences.

The “IT power” project still doesn’t have money to run

The goal of building an e-government may be unattainable due to the lack of money, labor force and other problems.