As to continue the working visit to Phu Yen, in the morning of February 22nd, Comrade Truong Tan Sang, Member of the Politburo, President of the Socialist Republic of Vietnam and the central government's delegation paid a visit, presenting gifts and wishing good health to Comrade Nguyen Duy Luan, former member of the Central Party Committee, former secretary of the provincial Party committee; visiting and presenting gifts to 13 policy households, poor ethnic minority households in Ea Bia (Song Hinh). Simultaneously, the delegation visited and offered incense sticks at the Memorial house of the late lawyer Nguyen Huu Tho (Tuy Hoa city). Meeting and talking with the cadres, representatives of Ea Bia commune, President Sang highly appreciated the achievements in economy-society, national defense-security, which have been gained by the Party, government and people in the past years. In the coming time, the Party level, government of the commune need to have solutions in leadership, … [Read more...] about The must for Phu Yen province to make breakthroughs in infrastructure investment, enhancing economic development
Infrastructure investment
Reforming infrastructure investment
Reforming infrastructure investment (25-08-2006) Quan doi Nhan dan (People's Army) newspaper spoke with Dr Le Quoc Ly, director of the Ministry of Planning and Investment's Finance and Monetary Department, about ways to draw more investment into infrastructure projects. Infrastructure development is necessary for the country's industrialisation and moder-nisation. How should the investment structure of economic sectors change in order to be more in line with the market economy? Socialisation is a new Government policy aimed at attracting more investment from all economic sectors and foreign investors. At present, the Ministry of Planning and Investment is working in a project called "Socialising Infrastructure" in order to lure investment from all sectors to develop the country's infrastructure, even sensitive areas like electricity, water supply and road construction. However, in some cases, private investors have faced obstacles from participating in the projects. One of the reasons … [Read more...] about Reforming infrastructure investment
State to increase spending on infrastructure, invest in transport
State to increase spending on infrastructure, invest in transport (25-12-2007) Minister of Planning and Investment Vo Hong Phuc and Minister of Transport Ho Nghia Dung talk about plans for boosting infrastructure and better disbursement of development investment. Minister of Planning and Investment Vo Hong Phuc talks to Nguoi Lao Dong (The Labourer) newspaper. Last year saw US$10.2 billion invested in Viet Nam. This figure is expected to be much higher this year, yet still below capacity. What's your opinion on this? It's true that investment in Viet Nam does not match the country's potential. So far, investment in Viet Nam is estimated to be around $20 billion. Viet Nam's infrastructure, however, is underdeveloped. As a result, the government is putting more effort into improving infrastructure and human resources - two major requirements for foreign investment. Basic infrastructure here such as highways, urban transportation, seaports and airports are of lesser quality than in other … [Read more...] about State to increase spending on infrastructure, invest in transport
A Fresh Start For Infrastructure Investment
A Fresh Start For Infrastructure Investment By staff writers The Government has approved a regulation for pilot public-private partnership (PPP) investment in infrastructure from 2011, a move expected to open up more opportunities for private investors in this sector Poor infrastructure has been recognized as one of the three bottlenecks to Vietnam’s socio-economic development, along with red tape and the lack of qualified human resources. Therefore, investment in this sector has always been a pressing concern for the country. However, investment in infrastructure, especially in road, airport, seaport and power projects, requires huge capital that the State sector alone cannot afford. It is estimated that to maintain high economic growth, Vietnam will need US$150-160 billion for investment in infrastructure projects over the next 10 years. Traditional capital sources, like the State budget and official development assistance, cannot meet this huge capital demand. PPP framework … [Read more...] about A Fresh Start For Infrastructure Investment
PM demands breakthrough in infrastructure investment
Prime Minister Nguyen Tan Dung has asked the planning and investment sector to speed up administrative reform and utilise all resources to create a breakthrough in infrastructure investment in 2008. The PM made the request at a national conference of the planning and investment sector held in Hanoi on November 30 to implement the national socio-economic development plan in 2008. The Prime Minister stressed that 2008 was an important year of the 2006-2010 socio-economic development plan. Therefore, the country needed to fulfill targets set for the whole five-year period in 2008, including reaching a GDP per capita of US $960 and reducing the poverty rate to below 12%. PM Dung urged relevant ministries and agencies, particularly departments of planning and investment, to advise local authorities on how to lure investment capital both inside and outside the country and effectively use capital. He said the sector should look for ways to reduce the time for issuing investment and … [Read more...] about PM demands breakthrough in infrastructure investment