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Prime Minister Nguyen Tan Dung on May 6 agreed to provide an additional US$160 million from a World Bank (WB) loan for a project to upgrade Vietnam’s urban infrastructure.
Investment licences were granted early this week to the first two projects slated for Hai Phong’s Dinh Vu–Cat Hai Economic Zone.
Economists outlined strategies to develop HCM City into a financial centre by 2010 and listed its advantages and challenges at a seminar held in the city on 9 May 2009.
The International Monetary Fund said Vietnam’s economy is showing strength in areas including construction and domestic sales, and even with weakened growth prospects is expected to be among Asia’s top performers this year, Bloomberg reported May 5.
HCMC will receive a supplementary fund of US$128.8 million financed by the World Bank for a long-term project to upgrade urban areas, protect the environment, and improve living standards, especially for the poor.
The figure was released in a report from the Ministry of Planning and Investment (MPI) at the 7 th plenary session of the National Assembly’s Economic Committee in Hanoi on May 7.
A seminar to entice investors to the Lao Bao trade zone in central Quang Tri province was held in Quang Tri on April 29.
The government is set to spend VND32.67 trillion (US$1.82 billion) to provide vocational training to around 12 million rural residents by 2020, an official said in Hanoi Tuesday (5 May 2009).
Vietnamese enterprises are participating the 2009 Asian International Exhibition of Food and Drink, Hotel, Restaurant and Food Service Equipment, Supplies and Services (HOFEX 2009) in Hong Kong from May 6-9.
By the end of April, the Mekong Delta city of Can Tho has granted licenses for 43 projects of foreign direct investment (FDI) capitalized at over 732.8 million USD in total.
Malaysian companies have changed their view of the Vietnamese market and are planning a new wave of investment, according to Malaysian Consul General to Ho Chi Minh City Khairi Omar.
The Mekong Delta province of Tra Vinh is drumming up local and foreign investment in infrastructure development and industrial sector projects.
