More foreign participation is forecast in Vietnam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to foreign investors and the Government’s emphasis on infrastructure development.
VOV.VN - National Assembly Chairwoman Nguyen Thi Kim Ngan has applauded the World Bank and its Country Director in Vietnam Ousmane Dione for their contributions to Vietnam’s development across a variety of fields.
VOV.VN - Road projects could move at a faster pace if the legal environment and public private partnership - related regulations are improved towards increasing guarantees for investors, an overseas research entity has predicted.
The UK’s exit from the European Union (Brexit) will not affect the special partnership between Vietnam and the UK, said Baroness Fairhead, Minister of State for Trade and Export Promotion at the Department for International Trade (DIT) of the UK.
A workshop was held in Hanoi on January 16 to discuss international experiences in capital management and mobilisation, and infrastructure development, as well as to seek policy recommendations for Vietnam in such fields.
VOV.VN -Three major projects- Van Don International Airport, Ha Long International Cruise Port, and the Ha Long-Van Don Expressway- were launched on December 30 in the northern province of Quang Ninh.
The Vietnamese government has recently launched the Vietnam Infrastructure Working Group in a move to better lure private investment, especially foreign flow, into the country’s infrastructure development.
The loss and degradation of wetland areas are occurring more rapidly than in any other ecosystem due to large-scale land use changes, infrastructure development, altered water flow, and the impact of climate change.
Kien Hai island district in the Mekong Delta province of Kien Giang wants investment of more than VND230 billion (US$10.12 million) in several new projects to boost its tourism industry.
VOV.VN -Prime Minister Nguyen Xuan Phuc has underlined the necessity of seeking new resources for national development by reducing institutions and mechanisms that hinder the country’s infrastructure development.
Deputy Prime Minister Vuong Dinh Hue’s trip to Slovakia from September 20-21 helped develop and reinforce friendship and cooperation between Vietnam and Slovakia.
Party General Secretary Nguyen Phu Trong has suggested the northern mountainous province of Bac Kan seek ways to mobilise resources from the society to invest in transportation infrastructure development, thus propelling socio-economic growth and connecting with regional localities.
Several experts in Ho Chi Minh City have blamed motorbikes for causing congestion and proposed plans to ban motorbikes in the city.
The presence of the Sultan of Brunei at the Asia-Pacific Economic Cooperation (APEC) Summit in November in Vietnam is expected to help tighten bilateral relations and bolster two-way trade towards the target of US$500 million by 2025.
Although geopolitical risks continue to plague economies, ASEAN countries are still expected to grow thanks to their strong fundamentals and increasing supply of intra-block capital.
The Civil Aviation Authority of Vietnam has sent a proposal to the Ministry of Transport to raise several aviation service charges in order to reduce peak-hour overloads and raise money for infrastructure development.
The Department of Planning and Investment of the Mekong Delta province of Kien Giang has announced that from now until 2020 the province will mobilise VND255 trillion (US$11.4 billion) for infrastructure development.
The Asian Infrastructure Investment Bank (AIIB) wants to invest in infrastructure development, particularly railways, highways and seaports, in Vietnam, said AIIB President Jin Liqun.
Infrastructure development cannot meet demand if management capacity is poor, stated Deputy Prime Minister Trinh Dinh Dung at a Ministry of Construction’s conference on January 6 to launch its 2017 tasks.
The property market expects to see a wave of developers expand into affordable housing developments, which faced a severe shortage until the Government took steps to promote investment.