VOV.VN - Capital investment in the national economy is considered a vote in favour of the Government, said Prime Minister Nguyen Xuan Phuc at the annual Vietnam Business Forum (VBF) 2017 in Hanoi on December 12.
Prime Minister Nguyen Xuan Phuc has hoped that France’s VINCI Group will increase investment in Vietnam, especially in infrastructure and environment.
The Vietnamese Government is set to rein in the role of the State in the economy and encourage private sector-led growth.
Despite growing interest among international groups, Vietnam might have to pivot to domestic investment in developing the eastern spur of the North-South Expressway project amid a lack of a guarantee mechanism for foreign investors.
Prime Minister Nguyen Xuan Phuc urged central agencies and localities to use their resources to develop three leading State-run universities in Hanoi, Da Nang and HCM City into university-city complexes to herald the Industry 4.0 era.
Ho Chi Minh City should develop a “twin city” model, which would divide the metropolis into two urban areas, a western and an eastern one, to allow each part to properly develop, said Dr Vo Kim Cuong, former deputy chief architect of HCM City.
Domestic and foreign experts, business executives and managerial officials have sought to make use of public-private partnership (PPP) to support the development of ethnic minority-inhabited areas in the Central Highlands.
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.