While successfully hosting the upcoming 2017 APEC Economic Leaders’ Week, Da Nang should spare no effort to become the most livable city in the country, a must-visit tourism destination and a major investment attraction, Prime Minister Nguyen Xuan Phuc said on October 15.
VOV.VN - Hong Kong Trade Development Council (HKTDC) has announced that it will send two business delegations to Vietnam, from now until January 2018, to seek investment opportunities in the country.
The central city has attracted 43 new foreign direct investment (FDI) projects worth US$60 million in the first eight months this year, 4.6 times the amount in the same period last year, vice director of the the municipal Investment Promotion and Support Agency, Nguyen Ky Anh said.
Prime Minister Nguyen Xuan Phuc agreed in principle with Ho Chi Minh City’s proposal on administrative decentralisation to a maximum possible extent during a working session in Hanoi on September 6 with the Standing Board of the municipal Party Committee.
With public funding only able to meet a fifth of the VND1.8 quadrillion (US$80 billion) required for development works in HCM City’s in 2016 – 20, municipal authorities are striving to involve the private sector.
National Assembly Vice Chairman Phung Quoc Hien has stressed the need for the Mekong Delta city of Can Tho to be a pioneer in boosting regional connectivity.
The number of newly-established business in Hanoi rose by 14% to 16,714 in the first eight months of 2017, with a combined registered capital of approximately VND130 trillion (US$5.72 billion), up 4% year on year.
The central city of Da Nang has listed 68 Public-Private Partnership (PPP) projects, 22 of them in the hi-tech sector, calling for investment from domestic and foreign businesses in the 2017-20 period.
The Ministry of Transport (MoT) has submitted a number of recommendations for the Hanoi People’s Committee’s ambition to build three metro lines worth over US$15 billion by 2025.
By developing transport infrastructure projects under the mode of BT (build, transfer), investors are willing to pour capital into projects if there are reasonable policies.
VOV.VN - The Vietnam government fully understands that to compete for foreign direct investment with other Asian countries over the long term— low wages aren’t sufficient, says leading economist Eugenia Victorino.
HCM City is seeking more than VND128 trillion (US$5.63 billion) in investment between now and 2020 for socio-economic development, according to the city’s Department of Planning and Investment.
Prime Minister Nguyen Xuan Phuc has called on member groups of the Japan Business Federation (Keidanren) to expand their investment in Vietnam through public-private partnership (PPP) projects, expecting that Japan will lead in executing the PPP form in the country.
An official of the Ministry of Finance has detailed four financial cooperation initiatives proposed by Vietnam in the APEC Year 2017, ahead of the Senior Finance Officials’ Meeting slated for May 18-19 in Ninh Binh province.
An elevated highway connected to Tan Son Nhat International Airport in Ho Chi Minh City is expected to begin construction at the end of the year, with capital investment estimated at VND2.6 trillion (US$114.3 million).
The Government has issued a decree offering HCM City special financial and budgetary policies and incentives in an aim to improve its infrastructure.
Vietnam has become the first partner of the World Economic Forum (WEF) within the public-private partnership (PPP) model, which is expected to provide Vietnam with access to great resources and relationships for the country’s development.
Ho Chi Minh City’s authorities are struggling to reach the target of having wastewater treatment systems at all export processing zones, industrial parks and industrial complexes by 2020.
Prime Minister Nguyen Xuan Phuc has agreed to support construction of the North-South Highway with investment of VND55 trillion (US$2.4 billion) sourced from Government bonds during the 2016-2020 period.
Ho Chi Minh City needs better cooperation among the State, developers, builders, material suppliers and banks to improve the local property market, the Ho Chi Minh City Real Estate Association has said.