The MoT has proposed a solution that involves allocating VND10.34 trillion of State capital to terminate contracts for five projects and provide additional funding for three others.
The Ministry of Finance has sent a report to the Prime Minister on the latest financial statement for 2021 of Foreign Direct Investment enterprises in Vietnam. Profits and losses of FDI enterprises have drawn the attention of the public.
According to preliminary calculations, the Ho Chi Minh City - Can Tho railway line, with a total length of 174.42km, has a total investment of about US$9 billion, equivalent to VND213.95 trillion.
HCMC needs a total investment capital of more than VND970 trillion (US$40.64 billion) for the synchronous development of transport infrastructure from now until 2030, Deputy Director of the municipal Department of Transport, Bui Hoa An said in a forum on the role, infrastructure and human resource of the city’s logistics industry that was held by the HCMC People’s Committee on September 30.
Choosing the best waste treatment technology is difficult for many investors and provincial leaders in Vietnam because it is most essential to harmonize suitability of the technology with type of domestic waste, that cannot be easily classified, with the level of investment capital.
The People’s Council of HCMC passed many important resolutions making big impacts on socio-economic development and the living of people, including adjustment of investment capital in construction projects of schools.
Hanoi City commits that the source of capital to implement the investment construction project of Ring Road No.4 in the Capital Region from the city budget is nearly VND19.48 trillion (US$841 million) for the 2021-2025 period and VND4.05 trillion ($174.77 million) in the 2026-2030 period.
The United States Agency for International Development (USAID) and the General Department of Customs yesterday announced an action plan to reduce congestion at Cat Lai seaport in Ho Chi Minh City because the volume of goods currently passing through this port accounts for 48.8 percent of the country's cargo output, but the receiving and customs clearance infrastructure is already overloaded.
The Ministry of Transport has recently released an estimated investment demand list for the North-South Expressway West by 2030 with a length of 911 kilometers and total investment capital of VND154.21 trillion (US$6.75 billion) by State budget capital.
The Ministry of Transport has just proposed nearly VND22 trillion to build the Khanh Hoa - Buon Ma Thuot Expressway, which is expected to start construction in 2023, complete, and put into operation in 2026.
Ho Chi Minh City authorities are seeking VND37.6 trillion (US$1.66 billion) to build affordable housing for workers over the next five years, of which State revenue will account for no more than 5 percent of the total investment, according to the Department of Construction.
Since the beginning of the year, the Covid-19 pandemic has caused many difficulties, but many Vietnamese startups have successfully raised tens of millions of dollars from large investment funds. It is good news for the startup community.
A recently released report by the Statistics Office of Ho Chi Minh City shows that despite being heavily affected by the Covid-19 pandemic, the socio-economic situation remains stable in the first six months of the year. Noticeably, the gross regional domestic product (GRDP) in the first six months of the year increased by 5.46 percent, higher than the estimated growth of 1.02 percent in the same period last year.
According to the Ministry of Planning and Investment, from the beginning of this year to May 20, the total newly registered and adjusted capital, capital contribution, share purchases, and purchases of contributed capital by foreign investors reached US$14 billion, up 0.8 percent over the same period last year. Realized capital of foreign direct investment (FDI) projects was estimated at $7.15 billion, up 6.7 percent year-on-year.
Recently, the conditions for corporate bond issuance to the public have been tightened by the State. This is a move to reduce risks for investors, especially for individual investors, so the number of issued corporate bonds has also fallen sharply. However, in the context that deposit interest rates remain at a low level, many enterprises have issued corporate bonds with high-interest rates to attract capital.
According to Ms. Le Thi Huynh Mai, Director of the Department of Planning and Investment, Ho Chi Minh City plans to achieve a disbursement rate of public investment of above 90 percent this year.
The Government of the Mekong Delta province of Long An has decided to increase the investment capital for the construction project of three bridges on a key road connecting HCMC and Long An and Tien Giang provinces from VND2,295 billion (US$99.55 million) to VND3,600 billion (US$156.15 million).
The Statistics Office of Ho Chi Minh City held a press conference to announce the socio-economic statistics of the city in 2020 on December 29 with the attendance of Ms. Phan Thi Thang, Vice Chairwoman of the municipal People's Committee.
