Japan pledges 95 billion yen in ODA for Vietnam

Tu Hoang A diplomatic note on the Japanese aid was signed in Hanoi last week by Vietnam’s Minister of Planning and Investment Bui Quang Vinh and Japanese Ambassador to Vietnam Fukada Hiroshi. This is the first tranche of the 300 billion yen loan which Japan has pledged for Vietnam in fiscal 2015. It will be used to fund Danang-Quang Ngai Expressway, Lach Huyen port in Haiphong City, roads in Lach Huyen and a climate change adaptation program. At the signing ceremony, Minister Vinh expressed appreciation of Japan’s support for Vietnam, saying Japanese ODA capital has been mainly channeled into vital infrastructure projects such as Hanoi-Haiphong road, Nhat Tan bridge and Noi Bai airport. According to the Japanese ambassador, the remainder of Japan’s loan will be funneled into three other key traffic transport projects. Vietnam should complete procedures so that loan agreements on those projects can be signed by the end of Japan’s fiscal 2015, March 31, … [Read more...]

Start construction of Haiphong International Gateway Port

On the morning of April 14th, Component A of Haiphong International Gateway Port project was kicked off by Prime Minister Nguyen Tan Dung in Cat Hai District, Haiphong City. According to the master plan, Haiphong International Gateway Port will be built along the existing channel in the South of Lach Huyen estuary, with the total berth length of around 8,000m and the total route length of about 18km. Haiphong International Gateway Port will be developed with a modern and comprehensive infrastructure and handling technology for receiving container ships of 4,000-6,000 TEU, and up to 8,000 TEU in subsequent phases of the project. The project which includes 2 components has total investment of about 1.2 billion USD, being funded by Japanese's ODA and state budget, and implemented under PPP form. Component A's scope covers the building of port infrastructure on the whole route, such as: shipping passages, roadsteads, a 3,230-meter-long breakwater with the crest elevation of +6.5 CD, a … [Read more...]

Vietnam, Japan agree to promote strategic partnership

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Vietnam and Japan will work within the framework of their strategic partnership for peace and prosperity in Asia. The agreement was reached during the October 31 talks between Vietnamese Prime Minister Nguyen Tan Dung and his Japanese counterpart, Yoshihiko Noda in Tokyo, Japan. During the talks, both PMs expressed their pleasure at the developments in bilateral economic relationship. They underlined the importance of maintaining high ranking visits between the two countries as well as dialogues at all levels, especially the effective operations of the Vietnam-Japan Cooperation Committee. They agreed to double two-way trade by 2020 and boost cooperation in culture, education, science and technology, and people-to-people exchanges. They also agreed to select 2013 as the "Vietnam-Japan Friendship Year", to celebrate the 40th anniversary of their diplomatic ties. PM Noda reaffirmed Japan's support for Vietnam's socio-economic development, saying that Japan will consider … [Read more...]

Vietnam, Japan agree to promote strategic partnership

Vietnam and Japan will work within the framework of their strategic partnership for peace and prosperity in Asia. The agreement was reached during the October 31 talks between Vietnamese Prime Minister Nguyen Tan Dung and his Japanese counterpart, Yoshihiko Noda in Tokyo, Japan. During the talks, both PMs expressed their pleasure at the developments in bilateral economic relationship. They underlined the importance of maintaining high ranking visits between the two countries as well as dialogues at all levels, especially the effective operations of the Vietnam-Japan Cooperation Committee. They agreed to double two-way trade by 2020 and boost cooperation in culture, education, science and technology, and people-to-people exchanges. They also agreed to select 2013 as the “Vietnam-Japan Friendship Year”, to celebrate the 40th anniversary of their diplomatic ties. PM Noda reaffirmed Japan’s support for Vietnam’s socio-economic development, saying that Japan … [Read more...]

Vietnam Calling for US$61 Bln for 163 Industrial, Construction Projects by 2010

The government of Vietnam is calling for US$61 billion from foreign and private investments for the 163 infrastructure projects from now till 2010 in a bid to maintain the set economic growth targets, state media reported on November 21.

The government will use US$53 billion to develop 109 industrial and construction projects, US$7.8 billion for tourism and service projects and the balance for six agro-forestry and fisheries projects, Vneconomy said. Vietnam is trying its best to lay a red carpet for foreign and private investors in a bid to diversify investment sources for its infrastructure area in addition to State budget and ODA loans, Deputy Minster of Planning and Investment Nguyen Bich Dat noted. Private and foreign investments remain at the limited level. Currently, domestic private investors have invested to build 60 infrastructure projects under build-operate-transfer, build-transfer modes, whilst foreign investors 18 power, telecom and water projects, Dat emphasized. Phan Huu Thang, Head of MPI's Overseas Investment Department said investments for infrastructure development become an urgent issue, which will need a huge sum. The key projects include US$5 billion oil refinery of Nghi Son in Thanh Hoa … [Read more...]

VNPost to develop logistics centre in Da Nang

A conrner of logistic centre in the central city's Hoa Khanh Expansion Industrial Zone. — VNS Photo Cong Thanh

DA NANG (Biz Hub) — The Viet Nam Post Corporation (VNPost) will build a logistic and e-commerce centre in Da Nang's Hoa Khanh Expansion Industrial Zone at a cost of VND196 billion (US$8.7 million). Chairman of the corporation, Do Ngoc Binh, said it would be VNPost's largest logistic centre in the central region, allowing them to provide quality services to customers. The centre, which covers 50,000sq.m in Lien Chieu District, 20km away from the city's centre, will help connect the East-West Economic Corridor, National Highway No 1, Da Nang-Quang Ngai Expressway and the railway system. In 2014, VNPost also put into operation its office project on downtown Nguyen Van Linh Street at a cost of $9 million. According to VNPost's report, the corporation earned VND8.8 trillion ($391 million) in revenue in 2015, of which VND230 billion ($10.2 million) was net profit. Da Nang aims to become a centre of hi-tech industries, logistics services and tourism in central Viet Nam. … [Read more...]

Quang Nam starts two key initiatives for development

Tourists ride in basket boats in the Cam Thanh water coconut village. PM Nguyen Xuan Phuc yesterday affirmed the Government's commitment to create smooth conditions for investors and ensure that investors in Viet Nam receive benefits. — VNA/VNS Photo Tran Le Lam

QUANG NAM (Biz Hub) — Prime Minister Nguyen Xuan Phuc yesterday affirmed the Government's commitment to create smooth conditions for investors and ensure that investors benefit when investing in Viet Nam. He made the statement while attending the inauguration ceremonies yesterday of two key projects in Quang Nam Province – the Nam Hoi An Integrated Resort Project, invested by VinaCapital and Gold Yield Enterprises Corporations, and the expansion of the Truong Hai-Chu Lai Mechanical Automobile Industrial Zone. Prime Minister Phuc praised the efforts made by the province and investors in starting the construction of these two key projects. "It's big scale and strategic investment projects in the province and the Central Highlands region that will help change economic development in tourism, and the service and industrial sectors of the province," Phuc said. He said foreign direct investment is seen as a key factor for Viet Nam's development. The Nam Hoi An Integrated … [Read more...]

Provincial chairman’s direction on the transportation of construction material

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​Provincial chairman has requested provincial police , Department of Transportation , Chairmen of the district , city , company VSIP Quang Ngai to check the vehicles transporting building materials over allowed speed causing unsanitary environment. Provincial police is assigned to direct the attached units under the authority to organize inspection and handling for overloading trucks and those run over permitted speed. districts , city direct under steering forces to strengthen inspection and handling of cases , the vehicles in traffic transporting construction materials (soil , sand , ... ) over speed , causing unsanitary environment , affecting people; and to strictly deal with cases of violations, especially in localities of Son Tinh , Nghia Hanh , Tu Nghia , Quang Ngai City . VSIP Quang Ngai Company is required to ask providers of building materials to leveling in the VSIP ensuring strict implementation speed as prescribed and have measures on material transportand solutions to … [Read more...]

Provincial chairman directions on land clearance of Da Nang- Quang Ngai Expressway project via Quang Ngai province

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​According to the report of Department of Transportation, land acquisition of Da Nang- Quang Ngai Expressway project via Quang Ngai province has been under delay. To hand over cleared site to Vietnam Highway Investment and Development Corporation before deadline of April 30, 2016, provincial chairman has recently made serious directions to units Provincial chiarman has directed districts of Binh Son, Son Tinh , Tu Nghia , Nghia Hanh organization to complete implementation of compensation and land clearance before April 30, 2016. If locality can not complete as the timeline above, the Chairman of the district people's committee must be responsible before the chairman of Quang Ngai Provincial People's Committee. Department of Natural Resources and Environment continually guide localities in solving problems in the compensation and land clearance with the fastest time. The content beyond their competence to promptly advise the provincial people's committee. Department of Finance … [Read more...]

Press conference of quarter 1/2016

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On April 05, Vice Chairman of the Quang Ngai provincial People’s Committee Le Quang Thich chaired the press conference with press agencies inside and outside province to inform the socio-economic situation in the first quarter, deploying main tasks for the quarter 2 of 2016 and feedback concerned issues. Starting the press conference, Vice Director of the department of Information and Communication Tran Cao Tanh briefly reported the province’s socio-economic situation in quarter 1 and main tasks of quarter 2. In quarter 1, the industrial production value was increases by 1.7% compared to the same period last year; total retail sales and consumer services was increased by 8.33%, reaching 23.6% of the plan. The total revenue in the province is estimated at VND 4,306 billion, of which, domestic revenue was at VND 4,196 billion, collection from export activities was estimated at VND 110 billion. To total tourism revenue in the first three months was at VND 120 billion, up … [Read more...]

Highway projects face severe capital shortage

Vietnam Expressway Corporation (VEC) yesterday reported to the Ministry of Transport a severe shortage of funds for site clearance of national highway projects. According to VEC, the ministry has yet to approve capital supplementation plan for 2015 in which Da Nang-Quang Ngai Expressway needs VND1,479 billion (US$78.43 million), Ben Luc-Long Thanh VND1,850 billion ($83 million) and Noi Bai-Lao Cai VND385 billion ($17.26 million). VEC has so far advanced VND1,080 billion (US$48.43 million) from toll revenues of projects that have opened to traffic to meet the urgent capital demand for site clearance and removal of technical infrastructures. The company has not received this year’s capital allocation plan for the above projects affecting their progress. … [Read more...]

Quang Ngai economic achievements in two month of the year

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​The report of Quang Ngai provincial People's Committee about social-economic situation in the first two months of the year shows that the first two-month economic situation continually increases and achieves more positive results. ​Industrial production value overall 02 months reached 17.8 trillion, up 1.1 % compared to the same period last year. Some products increased significantly compared with the same period in 2015 , such as : sugar RS , beer , ready-made garments , paper , fertilizer , confectionery , soft drinks , mineral water and purified water , white wine , wheat starch , .. . Total retail sales of goods and consumer services increased significantly in the first months of 2016, and the 02-month result was estimated at 6.5trillion, an increase of 4.25 % over the same period in 2015. Consumer price index ( CPI ) in Feb increased by 0.37 %, a raise of 0.75% compared with the previous month. Regarding tasks in the upcoming times, the report shows that PPC will revise , … [Read more...]

Transportation Deputy Minister met with Quang Ngai leaders

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​ A delegation coming from Transportation Ministry led by Deputy Minister Mr Nguyen Van Dong met with Quang Ngai provincial leaders on March 4 about the land acquisition of the Da Nang - Quang Ngai Expressway. ​At the meeting, leaders of the provincial Department of Transport (DoT) and the district raised some shortcomings and obstacles in compensation and clearance; proposed the Ministry of Transport to direct the relevant units under the Ministry to soon allocate funds for subproject clearance to implement the completion of clearance on schedule set forth; and requested the Ministry to direct the contractors to urgently construct the sections which had been already handed over. The Deputy Minister directed the bodies of the Ministry to actively cooperate with local authorities planning time and plans for dealing with these problems and obstacles for each case specific. He also requested the bodies to collect comments and recommendations of the local leaders in order to submit to … [Read more...]

Da Nang-Quang Ngai Expressway sees delays

Part of Highway 1 passing through Thua Thien-Hue Province. Site clearance has not been finished on nearly 7 per cent of the Da Nang-Quang Ngai Expressway. — VNA/VNS Photo Huy Hung

QUANG NAM (VNS) — Site clearance has not been finished on nearly seven per cent of the total length of the Da Nang-Quang Ngai Expressway, due to difficulties in compensation, a conference heard on Tuesday. At the conference on accelerating the construction of the expressway, the Quang Nam Province's People's Committee said that nearly 92 kilometres of the expressway went through the province, five kilometres of which have yet to be cleared. Under the Ministry of Transport's request, part of the expressway from Da Nang City to Quang Nam Province's Tam Ky Township must open for traffic by the end of this year. The project is currently under alert for its slow progress. According to authorities in Phu Ninh, Nui Thanh districts and Dien Ban Township, most households have not yet received compensation money and have not handed over land for the project, claiming the compensation was much lower than market value. In Dien Ban Commune alone, more than 100 households have not yet … [Read more...]

Residents block roads to protest pollution

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QUANG NGAI (VNS) - Residents of Tam Kỳ City's Tân Thạnh District in this central province yesterday obstructed Nguyễn Văn Trỗi Road to prevent the passage of trucks carrying soil and rocks. Tree trunks and used tyres were used to barricade the road. The residents blamed the vehicles for scattering soil on the roads and increasing the risk of traffic accidents. The incident lasted nearly 2 hours, causing a traffic jam that stretched hundreds of metres. Nguyễn Đinh Thảo, a local resident, said hundreds of vehicles travelled at high speed on the road every day. The drivers do not cover their vehicles with canvas, so soil scatters on the road and dust flies into the houses, he said. Local residents have reported the issue to local authorities, but the problem has not yet been resolved. Over the past few months, locals have struggled with pollution from trucks carrying building materials for the construction of Đà Nẵng-Quảng Ngãi Highway and Tam Thắng Industrial Zone. The problems … [Read more...]

More expressway projects in central Vietnam underway

An expanded section of National Highway 1A in the south-central province of Ninh Thuan - PHOTO: LE ANH

Le Anh Consulting firms have been picked for Nha Trang-Phan Thiet expressway. The ministry said some Japanese firms have expressed interest in developing the 235-kilometer expressway. According to the ministry, Nha Trang-Phan Thiet expressway will require some VND77 trillion (over US$3.46 billion) and have six lanes, with four lanes to be developed in phase one. As scheduled, vehicles will be allowed to move at a maximum speed of 120 kilometers per hour. After Dau Giay-Phan Thiet expressway was split into two projects, the ministry assigned Project Management Unit 1 to formulate investment plans. The ministry said Danang-Quang Ngai expressway is 42% complete and that the road would be opened to traffic next year. Regarding a total of VND14.26 trillion saved from the expansion of National Highway 1A’s section from Thanh Hoa to Can Tho and Ho Chi Minh Road’s section in the Central Highlands region, the ministry said the amount will be spent on new transport … [Read more...]

Construction of Da Nang – Quang Ngai Expressway sped up

The Vietnam Expressway Corporation pledges to speed up the construction of the Da Nang - Quang Ngai Expressway.

PANO - The Vietnam Expressway Corporation (VEC) on February 17th held a ceremony to speed up the construction of the expressway linking Da Nang city with Quang Ngai province. At the ceremony, VEC pledged to complete components funded by the Japan International Cooperation Agency (JICA) and the World Bank (WB) with an aim to put several sections of the expressway into operation by the end of 2016. Accordingly, bridges and road-bed under eight components funded by JICA will be completed in early November 2016 and by December 30th 2016, the whole components will have been finished. As for the five components sponsored by WB, by the end of 2016, bridges, road-bed, road foundation and other important items will be basically completed. The construction of the Da Nang - Quang Ngai Expressway started in 2013 with a total investment of nearly USD 1.7 billion, covering the distance of 140km. When operational, the expressway will help promote socio-economic development and defence-security … [Read more...]

Japan provides over 95 billion yen in ODA for Vietnam

Planning and Investment Minister Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada signed an ODA loan agreement in Hanoi on January 15. Under the agreement, Japan will provide more than 95 billion JPY for Vietnam in fiscal 2015 for major infrastructure projects, including Da Nang-Quang Ngai expressway and Hai Phong’s Lach Huyen port, supporting to Vietnam in coping with climate change. Speaking at the signing ceremony, the Minister affirmed the Japan’s ODA has contributed greatly to the Vietnam's growth, especialy in the building infrastructure sector. Japan is the largest donor country in Official Development Assistance (ODA) to Viet Nam. Their ODA pledge to the country has been approximately 2,600 billion JPY since 1992. … [Read more...]

Japan provides Vietnam over JPY95 billion in ODA

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Diplomatic notes were sealed in Hanoi on January 15, concerning the first batch of Japanese Official Development Assistance (ODA) worth more than JPY95 billion for Vietnam in fiscal 2015. Planning and Investment Minister Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada signed the notes. Japan will channel the ODA capital into major infrastructure projects including the Da Nang-Quang Ngai expressway and Haiphong’s Lach Huyen port. At the notes exchange ceremony, Minister Vinh stressed the growing cooperation between Vietnam and Japan. Projects with investments from Japan have produced effective results for Vietnam’s socio-economic development so far, he added. The minister unveiled that Japan’s total ODA for 2015 could reach JPY300 billion. Ambassador Fukada said Japan pays heed to economic ties with Vietnam and commits to continue to provide ODA. He lauded the sound outcomes of local infrastructure projects using the loan. In 1992, … [Read more...]

Japan provides Vietnam over 95 billion yen in ODA

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Diplomatic notes were sealed in Hanoi on January 15, concerning the first batch of Japanese Official Development Assistance (ODA) worth more than 95 billion JPY for Vietnam in fiscal 2015. Planning and Investment Minister Bui Quang Vinh and Japanese Ambassador to Vietnam Hiroshi Fukada signed the notes. Japan will channel the ODA capital into major infrastructure projects including the Da Nang-Quang Ngai expressway and Hai Phong’s Lach Huyen port. At the notes exchange ceremony, Minister Vinh stressed the growing cooperation between Vietnam and Japan. Projects with investments from Japan have produced effective results for Vietnam’s socio-economic development so far, he added. The minister unveiled that Japan’s total ODA for 2015 could reach 300 billion JPY. Ambassador Fukada said Japan pays heed to economic ties with Vietnam and commits to continue to provide ODA. He lauded the sound outcomes of local infrastructure projects using the loan. In 1992, … [Read more...]