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A lot of public investment projects have been approved by the government recently which aim to foster economic development and create more jobs for local workers. However, in fact, the projects do not bring benefits to the majority of people.
Several merger and acquisition (M&A) transactions take place quickly, but there are also a lot of problems arising in the wake of such deals, heard a seminar held in HCMC last week in Sept 2012.
The final generator of Son La hydropower plant is scheduled to start service on September 20, raising the plant’s capacity to 2,400MW and supplying over 10 billion kWh of power to the national grid each year.
The power sector is on REE’s target, so the HCM City-based firm will steadily step up investment in hydropower and thermo-power companies, said Nguyen Thi Mai Thanh, chairwoman and CEO of Refrigeration Electrical Engineering Corporation (REE).
The Lotte Hanoi Centre is one of the few projects which is on right track amid the property market gloom.
The Dau Giay-Phan Thiet expressway project, which is the first to be developed under the public-private partnership (PPP) format, is still awaiting incentives from the Government so as to attract private participation beside an already-selected investor.
Hanoi will spend nearly VND2 trillion (USD96 million) to clear traffic jams at 27 places, reduce 40% of the hours lost to congestion and limit new congestion spots during the 2012-2015 period.
The number of state-run economic groups is set to be reduced from the current 11 to only five to seven in the near future, Vu Duc Dam, minister-Chair of the government Office told reporters at the government’s regular meeting in Sept 2012.
Asian Development Bank (ADB) and the Government of Viet Nam today signed an agreement for a US$40 million loan to support the Government’s policy reforms to improve the quality, accessibility, efficiency, and competitiveness of the country’s microfinance sector under the Microfinance Development Programme.
Licogi 13 JSC (LIG) has said that its subsidiary namely Licogi 13 Infrastructure Mechanical Construction JSC (Licogi 13-IMC) has just been assigned to conduct the P1 bidding package "Constructing and leveling the ground phase 2 of Thang Long II industrial zone”.
The Ministry of Transport should consider developing 70 kilometers of express railway for trial operation, the Japan International Cooperation Agency (JICA) suggested at a meeting in Sept 2012.
The Foreign Investment Agency under the Ministry of Planning and Investment held a meeting in Hanoi on Sept 6 with businesses from Japan’s prefecture of Aichi to get their feedback on investment environment in Vietnam.
