1098 disbursement activity

Illustrative image. (Photo: SGGP) The People's Committee of HCMC said that the disbursement rate of the Public Investment Plan in 2022 is not much compared to previous years due to many difficulties and obstacles, but mainly the impact of the Covid-19 pandemic in 2021. The restart of the construction of projects in the first months of 2022 experienced a certain delay after the time the city adopted measures to respond to the Covid-19 pandemic. In addition, input costs were unstable and tended to increase. Besides the above objective reasons, the People's Committee of HCMC also raised some other subjective reasons affecting the disbursement progress of public investment capital, for example, difficulties related to site clearance; it is necessary to have time to carry out the project adjustment procedures on the basis of Resolution No.99/NQ-HDND dated October 19, 2021, of the People's Council of HCMC and Decision No.4354/QD-UBND dated December 28, 2021, on the medium-term capital … [Read more...] about HCMC disburses only 17 percent of public investment capital in first six months

The department reported that the province has disbursed nearly 4.4 trillion VND (189 million USD) of the 16.28 trillion VND (700.2 million USD) of total public investment it has been allocated for the whole year. Earlier, the province set a target of disbursing 50 percent of the total capital by June 30, 80 percent by September 30 and 100 percent by December 31. To fulfill its tasks for the year, Quang Ninh has rolled out a number of measures to remove difficulties facing business and production activities, speed up the disbursement of public investment capital, and ensure social security in the post-pandemic period. Along with asking investors to focus on speeding up their projects, the province has accelerated investment procedures for 12 new projects with combined capital of over 2.19 trillion VND, as well as the national target programme on new-style rural area building. At the same time, it has worked to shorten times for administrative procedures, while speeding up ground … [Read more...] about Quang Ninh sees slow disbursement of public investment capital

Tan Phu Plastic Company produces safe products to serve the local market. The "Zero Covid" policy of China means many Vietnamese producers lack input materials. (Photo courtesy of the firm) The worst sufferers were the electronics, wood, textiles, and footwear industries. According to the Ministry of Industry and Trade (MoIT), China was an important market for the export and import activities of Vietnam as it provides the majority of input materials for Vietnam's production, especially electronic components, machinery parts, fabrics and chemicals. MoIT said from 50 to 55 percent of raw materials and accessories for the textile, garment, and footwear industries originated from China. The country was currently implementing the "Zero Covid" strategy, which forced many factories there temporarily stop production to fight the pandemic. The import-export activities in the neighboring country were affected a lot by the shortage of containers at ports. Phan Thi Thanh Xuan, Vice … [Read more...] about Local enterprises lack materials due to China’s ‘Zero Covid’ policy

The e-GP would allow effective and transparent management of the public procurement process. Vietnam’s e-government procurement (e-GP) system is set to start operations on August 1, 2022. The new procurement system is set to operate on August 1. File photo The new procurement system, updated with new changes and designed to operate on multiple browsers, would help serve as a hub of information related to procurement, as well as a platform for the online bidding based on safety, competitiveness, fairness, and cost-efficiency. To ensure the smooth operation of the e-GP, participants in the bidding are requested to switch to the new system from the old one. The e-GP is developed under a project of applying e-commerce in public procurement under the public-private partnership (PPP). The Ministry of Planning and Investment (MPI), IT company FPT, and the Investment and Development of National e-Procurement System Company are responsible for running the new … [Read more...] about Vietnam’s e-government procurement system set to launch in August

The meeting between the second unit of HCMC People’s Council and voters (Photo: SGGP) Representing the second unit, Head of the Propaganda and Education Board of the City Party Committee Phan Nguyen Nhu Khue confirmed that the unit will collect all opinions of participants to report to HCMC People’s Council for consideration and response. He also asked that state leaders in Thu Duc City increase discussion with residents to welcome more practical proposals, urgent concerns of citizens for timely explanation and proper feedback. Hearing the information that certain residents have lived for 20 years in temporary accommodation, delegate Khue requested Thu Duc City immediately address the issue, avoiding the case of having such a strongly developed hi-tech park but letting people live unstably. As to other projects behind the schedule in Thu Duc City, he asked that Thu Duc City quickly review and introduce suitable road maps to address, beginning with urgent projects receiving … [Read more...] about HCMC to address projects behind schedule in Thu Duc City

The Saigon Hi-tech Park in HCM City’s Thu Duc city. HCM City will focus on speeding up investment procedures to attract more investors. (Photo baodautu.vn) HCM City (VNS/VNA) – Ho Chi Minh City will focus on helping businesses invest in the Saigon Hi-tech Park in Thu Duc city by addressing slow administrative procedures, a conference on facilitating investment heard on June 27. Vo Sy Nhan, general director of office space provider Onehub Saigon Bund, said though the park has been making efforts to help, his company’s project there has been slow to make a start. It was approved in 2014, but has been stymied by administrative bottlenecks, he said. For instance, approval for its land planning adjustment has been slow, and since the park itself is also going through a similar process, it could take long, he said. It is also having difficulty extending its land lease contract, which requires the city’s approval, he said. Nhan has asked relevant authorities to quickly … [Read more...] about Saigon Hi-tech Park to speed up investment procedures

Residents are cautious with scam spam messages related to recruitment notice. According to the PA05, people have recently received spam text messages for recruitment notices with remuneration of VND500,000 (US$21.6) to VND1,000,000 (US$43) a day. The police identified that it was one of the forms leading victims to actively contact with subjects and they can commit fraudulent acts of appropriating other people's properties. The scam tricks are often related to recruitment fraud notice, snatching virtual orders on e-commerce platforms to appropriate property, online investment, scamming victims to provide personal information, bank accounts to appropriate property and so on. Furthermore, some victims can be led to cross-border human trafficking rings. The PA05 recommended residents be cautious with the scam tricks mentioned above and propagandize, and spread the information and warnings to relatives and friends. In addition, people should not contact with the phone number on … [Read more...] about People need to raise awareness about scam spam messages related to recruitment

Processing and manufacturing are among the industries that attracted the most projects of foreign investment in Việt Nam. — Photo congthuong.vn HÀ NỘI — Việt Nam reached more than US$14 billion in foreign direct investment (FDI) in the first six months of 2022, announced the Ministry of Planning and Investment (MPI). MPI’s data showed that as of June 20, 2022, the total newly registered capital, adjusted and contributed capital to buy shares, buy contributed capital of foreign investors reached $14.03 billion, as much as 91.1 per cent over the same period in 2021. Of which, 752 new projects were granted investment registration certificates, down 6.5 per cent compared to the same period, with a total registered capital of over $4.94 billion, down 48.2 per cent over the same period. In addition, there were 487 projects registering to adjust their investment capital, up 5.9 per cent over the same period, with the total additional registered capital reaching nearly $6.82 … [Read more...] about Việt Nam attracts more than $14 billion of FDI in H1

International School Ho Chi Minh City featured in Queen’s Official Platinum Jubilee Pageant Commemorative Album “Viet Nam is a promising market for healthcare,” Senior global leader of Sanofi shared of his business travel to Asia. Dan Truong set to excite audiences at Sun Fest concert Schneider Electric launches inaugural Global Partner Recognition Program Dettol joins hands with HCMC University Medical Center to celebrate World Hand Hygiene Day The activity series themed “Flying in the flower season of Sapa” officially launched for its second year in Sapa, with many attractive promotions and events full of Northwestern colour. Pupils and students around the nation can earn a discount of up to 45 per cent - only 400,000 dong/ticket – when buying Fansipan cable car tickets. “Flying in the flower season of SaPa” is part of a series launched by Sun World Fansipan Legend to welcome summer. It is also an annual event to promote summer tourism, carried out by Sun … [Read more...] about Flying in the flower season of Sapa

Ha Nam Textile Company in Phu Ly, Ha Nam. Enterprises are encountering a number of difficulties after the COVID-19 pandemic and needed support to promote business and production recovery. — VNA/VNS Photo Tran Viet The Ministry of Planning and Investment will propose policies to remove obstacles for enterprises and enable them to seize opportunities to accelerate production and business, Minister Nguyen Chi Dung said. Dung promised at a meeting on Monday to listen to the difficulties of enterprises and raise solutions for the second half of this year, saying it was important to identify advantages and opportunities, as well as challenges, to raise policies to support enterprises and enable them to participate and not miss any chances. Enterprises are encountering a number of difficulties after the COVID-19 pandemic which has heavily socio-economic activities hard during the past two years. Labour shortages are one of the most common challenges facing industries. According to … [Read more...] about Ministry listens to firms’ difficulties, pledges to raise support