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Da Nang foreign investment surges

Da Nang foreign investment surges

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.

PM gives nod to administrative decentralisation in HCM City

PM gives nod to administrative decentralisation in HCM City

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.

HCM City seeks to mobilise capital from private sector

HCM City seeks to mobilise capital from private sector

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.

Hanoi welcomes over 16,700 new businesses in eight months

Hanoi welcomes over 16,700 new businesses in eight months

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.

Vietnam calls for Japan leading in PPP projects

Vietnam calls for Japan leading in PPP projects

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.

Vietnam to benefit from first PPP deal with WEF

Vietnam to benefit from first PPP deal with WEF

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.

PM okays US$2.4 billion for major highway

PM okays US$2.4 billion for major highway

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.

HCM City property firms aim for cooperation, stability

HCM City property firms aim for cooperation, stability

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.

Da Nang water supply firm: No need to wait for ODA

Da Nang water supply firm: No need to wait for ODA

The main water supply company in Da Nang city, Dawaco, has proposed that it raises funds on its own to build the Hoa Lien Water Plant instead of using non-refundable Official Development Assistance (ODA) funds from Japan.

Vietnam economy will grow 5.1% a year till 2050

Vietnam economy will grow 5.1% a year till 2050

A report by the prestigious global accounting firm of PricewaterhouseCooper (PWC) predicts continued economic growth for Vietnam until 2050 period, with annual GDP increase of 5.1%, on average.