Four railway projects will be upgraded using the State budget. - Photo baodautu.vnViet Nam News HÀ NỘI — The National Assembly Standing Committee has approved the allocation of VNĐ15 trillion (US$652 million) for the implementation of 14 urgent transport projects. The investment has been sourced from reserves of the State’s medium-term investment capital plan for the 2016-20 period. The Government has been in charge of directing relevant sectors to complete investment procedures and capital plans to implement these projects following regulations stated in the Public Investment Law and related laws. The invested projects consist of four railway projects and 10 road projects. The four railway projects are repairing and upgrading weak bridges on the Hà Nội-HCM City railway line; reinforcing weak tunnels and opening stations on the Vinh - Nha Trang railway section; repairing and upgrading essential structures on the Hà … [Read more...] about VNĐ15 trillion allocated for important transport projects
Transparency quilts 10 modern projects
Transport minister questioned about problems of BOT projects
Minister of Transport Nguyen Van The fields questions raised by lawmakers on June 4th (Photo: VNA) The is the first Cabinet member to reply to queries at the question and answer session of the ongoing fifth session of the 14th-tenure National Assembly (NA). In his report, The said investment under the BOT form has been stepped up since 2009 to develop transport infrastructure. Promoting BOT investment is a policy appropriate to the reality as the budget is limited while public debt is big, he stressed. BOT projects have made important contributions to socio-economic development and created a basis for the completion of transport system, he noted, admitting that there remain many problems in the management, invitation for bidding and operation of BOT toll booths which have yet to completely ensure harmonious interests among people, the State and investors. Deputy Nguyen Ngoc Phuong of Quang Binh province asked about the difference in the numbers of toll collection years between the … [Read more...] about Transport minister questioned about problems of BOT projects
PM chairs meeting on BOT transport projects
PM Nguyen Xuan Phuc chairs a Government meeting with representatives from some ministries, agencies and localities on Build-Operate-Transfer (BOT) transport projects, Ha Noi, April 23, 2018 - Photo: VGP/Quang Hieu At the meeting, the Ministry of Transport reported the realization of BOT projects and measures and plans on installing non-stop toll collection systems, adding that unreasonable expenditures on BOT projects have been eliminated. The Ministry has reviewed the implementation of BOT projects and reduced 20% of investment capital approved for these projects. Speaking at the event, the PM stressed the necessity of socialization of resources for transport infrastructure development, asking to overcome shortcomings and obstacles in fee collection of BOT projects and exempt fees for local people living around BOT stations. He highlighted the spirit of transparency in launching BOT projects, requiring strictly abiding by the Telegraph on BOT … [Read more...] about PM chairs meeting on BOT transport projects
Trà Vinh Province seeks investment in 10 agricultural projects
HCM CITY — Trà Vinh Province is calling for investment in 10 agricultural projects that are part of a plan to develop the area’s agriculture and improve the lives of farmers. The projects, worth a total of VNĐ969 billion (US$42 million), include a freshwater pond in Duyên Hải District’s Đôn Châu Commune; a quality assurance programme for agriculture and aquatic products; animal husbandry projects; new factories for processing meat and fodder; and other programmes to boost agriculture and fishery. The province’s Department of Agriculture and Rural Development targets increasing agriculture earnings by 4 per cent by the end of the year. Agricultural businesses currently account for only 6 per cent of businesses operating in Trà Vinh. — VNS … [Read more...] about Trà Vinh Province seeks investment in 10 agricultural projects
Projects in major cities go ahead
Quoc Cuong Gia Lai’s project covers an area of 11,967 square meters in Tan Phong Ward, with 1,211 apartments. The developer was allowed to sell 725 apartments of the project. A project of Quoc Cuong Gia Lai. (Photo: cafef.vn) Ha Do was allowed to sell 1,010 apartments of its project on 3/2 street, District 10. The project had more than 2,180 apartments and 115 villas built on an area of 6.85 hectares.According to the Ho Chi Minh City Real Estate Association, there were more than 90 projects in Ho Chi Minh City, which were allowed to sell future properties, with a total of 42,991 units, worth some VND 86.4 trillion (USD 3.8 billion). In Hanoi, 191 projects were eligible to sell future properties, according to the municipal Department of Construction.Source: VNA … [Read more...] about Projects in major cities go ahead
City projects get go ahead
The HCM City Department of Construction allowed developers Quoc Cuong Gia Lai and Ha Do to sell future properties at their projects in districts 7 and 10, respectively.Quoc Cuong Gia Lai’s project covers an area of 11,967 square metres in Tan Phong Ward, with 1,211 apartments. The developer was allowed to sell 725 apartments of the project.Ha Do was allowed to sell 1,010 apartments of its project on 3/2 Street, District 10. The project had more than 2,180 apartments and 115 villas built on an area of 6.85 hectares.According to the HCM City Real Estate Association, there were more than 90 projects in HCM City, which were allowed to sell future properties, with a total of 42,991 units, worth some VND86.4 trillion (US$3.8 billion).In Ha Noi, 191 projects were eligible to sell future properties, according to the Ha Noi Department of Construction. — VNS … [Read more...] about City projects get go ahead
Project “10 months, 10 documentary films”
(Cinet)- The project, entitled “10 months, 10 documentary films”, is set to run from February to December 2014, and aims to nurture the development of Vietnam cinema by providing guidance and other assistance for movie talents. The project is launched by the Centre for Assistance and Development of Movie Talents (TPD). The project deals with issues on gender equality, homosexual, women’s rights, and environment protection. Filmmakers, aged 18 to 35, have been asked to apply to participate in the 10 Months 10 Documentaries project, which will support the 10 best filmmakers to film their documentaries. The 30 best movie ideas will be chosen, as the candidates move ahead into further rounds. All candidates will have the opportunity to attend short courses to equip them with knowledge about modern social matters, as well as skills needed to present a documentary film making project. The jury includes renowned directors Bui Thac Chuyen, Phan Huyen Thu, Pham Thi … [Read more...] about Project “10 months, 10 documentary films”
Binh Thuan prepared to build up two big projects in Phan Thiet
(Cinet) – Recently, Binh Thuan province has issued the investment certificate for two modern projects of tourism including the tourist complex area of Bac Duong and the tourist project of Legend Sea in Phan Thiet. Accordingly, the tourist complex area of Bach Duong will be located in Tien Thanh Commune, Phan Thiet City. The project will mobilize the big capital source up to 470 million USD in the area of 265 ha. The tourist area will include many entertainment services and tourist services such as: sea villas, restaurants, high level hotels, urban areas, cultural centers, shopping centers, art museums … The project construction will be started in August, as schedule, after being put into use, this tourist project will serve many kind of visitors inside and outside the country. Meanwhile, the tourist project Legend Sea will have the construction area of 278ha, including administrative, commercial areas, bank services, conference center, … [Read more...] about Binh Thuan prepared to build up two big projects in Phan Thiet
WB bans American firm in VN projects for fraud
By Thanh Trung - The Saigon Times Daily HANOI - The World Bank (WB) announced on Wednesday the debarment of Glocoms, Inc., a U.S.-based management consultancy firm and its chief executive officer (CEO) for fraud relating to a WB-financed project in Vietnam, the Second Vietnam Payment System and the Bank Modernization Project. During the investigation, INT found that Glocoms won a contract financed under the project, in part, based on the falsified qualifications. WB Group added that INT’s investigation resulted in a decision that Glocoms and its CEO “are ineligible to be awarded contracts under any World Bank Group-financed or World Bank Group-executed project”, or otherwise participate in the preparation or implementation of such projects for four years. “This debarment is evidence of the importance the World Bank attaches to addressing all forms of fraud and corruption on the projects it finances,” the bank wrote in a press … [Read more...] about WB bans American firm in VN projects for fraud
Korean semiconductor project licensed in Ha Nam
Korean semiconductor project licensed in Ha NamQuoc Hung HCMC – The province of Ha Nam has granted an investment certificate to South Korea’s Seoul Semiconductor Co Ltd to develop a US$300 million factory to make semiconductor and light-emitting diode (LED) products. The certificate was awarded at an investment conference jointly held last week by the provincial government and the Bank for Investment and Development of Vietnam (BIDV). This is the largest South Korean project in the northern province at this point. When in place, it would employ over 3,000 people. The factory will be up and running on a 7.5-hectare area in the expanded Dong Van I Industrial Park (IP). Divided into two phases, the project will have its funding disbursed over a span of three years. The investor said the factory will apply modern technologies such as nPola, WICOP, DRT and UV LED to produce all kinds of LED lighting systems without AC-DC adapters. These technologies will help increase the … [Read more...] about Korean semiconductor project licensed in Ha Nam