Sovereign wealth investment fund

Amended investment law eases pathway to carrying out big business in Vietnam Together with the Law on Enterprises, the new Law on Investment took effect on January 1, with the latter aiming at creating a favourable legal framework to support and promote investment activities and economic development,  … [Read more...] about Experts warn about risky investments in gold and stocks

Nguyen Trong Hieu, deputy head of the Institute of Business Studies and Development, said though the fund could not lend to more than 5 percent of the total number of SMEs in the country, it is still a major step in supporting startups, which are struggling to access bank credit. … [Read more...] about Banks out of loop, government fund to lend directly to startups

A senior official at the MoH told VIR, “The health sector is carrying out heavy tasks amid the challenges. Thus, we are encouraging private investors to join to fulfil our targets. We are also considering and appraising procedures for some PPP projects in healthcare infrastructure and medical equipment.” … [Read more...] about Private investment pushed for healthcare

The last line is the first phase of Metro Line No. 5 (Bảy Hiền intersection – Sài Gòn Bridge), which is nearly 9 kilometres and will cost over $1.7 billion. This line was among the metro lines prioritised for investment in 2012 – 2015 and 2016 – 2020, but was unsuccessful in attracting investment. … [Read more...] about HCM City proposes investment for 7 projects

HCM City (VNA) – Ho Chi Minh City is taking drastic measures to promote disbursement of public funds, which plays an important role in economic development amidst the COVID-19 pandemic. According to the municipal People’s Committee, nearly 32 trillion VND (1.38 billion USD) was disbursed as of December 31, 2020, some 27.3 trillion VND of which came from the city’s budget (accounting for 74.1 percent of the assigned plan) and the remainder from the state budget (equivalent to 57.2 percent of the plan). Director of the municipal Department of Planning and Investment Le Thi Huynh Mai said the results did not live up to expectations of the Government and the city leaders, pointing out tardy disbursement of the Official Development Assistance (ODA) capital affected the city’s outcomes. Since the state budget year 2020 will end on January 31, 2021, the department will ask investors to speed up the work, striving for the disbursement rate of 95 percent for the … [Read more...] about HCM City speeds up disbursement of public capital