Long term disability laws

The Hanoitimes - All fields, except for security and national defense, must be open for investment, said Prime Minister Nguyen Xuan Phuc. An open mindset is needed when it comes to drafting the Public-private partnership (PPP) Law to attract investment from all players, according to Prime Minister Nguyen Xuan Phuc. Illustrative photo. A specialized law on PPP is an urgent matter, Phuc said at a discussion session on the draft PPP law, which has been submitted to the National Assembly for consideration for the first time According to Phuc, all fields, except for security and national defense, must be open for investment. “A simplification of legal procedures would help maintain a positive investment environment, but an old mindset is restricting the country’s economic development,” said Phuc, adding foreign investors pay much attention to issues related to laws and regulations. Meanwhile, Phuc said due to the lack of awareness about legal protection, … [Read more...] about Open mindset needed for public-private partnership law: PM

The Hanoitimes - With a strong certainty that air travel will recovery when the pandemic ends, airports are seen as long-term asset. In that case, any decision related to airport projects must be for the long-term view. The Covid-19 pandemic could not prevent Vietnam from going ahead with the construction of a US$16-billion Long Thanh International Airport, the largest of its kind in Southeast Asia, experts suggested. In January, the construction of the first phase of the Long Thanh Airport was kicked off. “While plans to build new airport or expand existing ones were prepared many years before the Covid-19 pandemic, they represent a long-term vision at national level, and, therefore, should be realized,” economist Nguyen Minh Phong told Hanoitimes , shrugging off a view that a slow recovery in air travel in the near future as a result of the Covid-19 pandemic would put the feasibility of these projects in doubt. “Investment in transport infrastructure … [Read more...] about Covid-19 pandemic makes no hurdle to Vietnam’s building plan of SEA largest airport: Experts

The Hanoitimes - The Ministry of Transport would review this loan and report to the government. State-owned Swedish Export Credit Corporation (SEK) proposed a US$2 billion commercial loan to build Long Thanh International Airport and terminal T3 for Tan Son Nhat International Airport. Sweden’s Ambassador to Vietnam Ann Mawe hands over an intention letter of a commercial loan for Minister of Transport Nguyen Van The. Source: MoT. Sweden’s Ambassador to Vietnam Ann Mawe revealed the intention at a meeting with Minister of Transport Nguyen Van The on December 4. Mrs. Mawe added that during the visit of Prime Minister Nguyen Xuan Phuc to Sweden in May, the two countries’ prime ministers discussed a potential loan worth over US$1 billion for Long Thanh airport construction and air traffic control activities in Vietnam. The loan would come with an interest rate of 4.2% per year, including a 1.25% of insurance fee for the loan. To be eligible for the loan, … [Read more...] about Sweden proposes US$2-billion commercial loan for aviation projects in Vietnam

The Hanoitimes - The first phase of the project, estimated at VND99 trillion (US$4.25 billion), is set to be completed within 60 months and become operational by December 2025. Airports Corporation of Vietnam (ACV), the largest operator of 22 commercial airports in the country, plans to start the construction of Long Thanh International Airport, the largest of its kind in Vietnam, in late December. Design of Long Thanh International Airport. Under Prime Minister Nguyen Xuan Phuc’s approval of the construction of the first phase of Long Thanh Airport on November 11, the ACV is tasked with building a runaway, taxiways, a passenger terminal with capacity of 25 million passengers and a cargo terminal capable of handling 1.2 million tons of goods per year, along with other supporting facilities. Total investment capital of the first phase of construction is estimated at VND99 trillion (US$4.25 billion) and funded by ACV itself. ACV’s Chairman of Board Lai … [Read more...] about Work on Vietnam’s largest airport to begin in December

The Hanoitimes - Southeast Asian governments invest more as a share of total government expenditures than member countries of the OECD. Much of that spending goes for infrastructure. The delivery of services – such as clean water, reliable public transport, schools and hospitals – through economic and social infrastructure is among the most important functions of government. Resources must be well spent to ensure quality. People everywhere want good infrastructure, such as smooth and safe roads and timely and reliable trains that move passengers and freight across a wide range of destinations. They want clean water, reliable sanitation, easy-access broadband internet connectivity and electricity available 24/7. Well-managed and functional airports and seaports enable connection with the rest of the world, while schools and hospitals ensure well-being, including a healthy and well-equipped workforce. The delivery of services through economic and social infrastructure is among … [Read more...] about It’s not just about the financing. Infrastructure needs to be well built