The Hanoi - Hai Phong highway is among new and modern transport works of Vietnam. (Source: VNA)HCM City (VNA) – Ho Chi Minh City needs moreinvestment capital for transport infrastructure development, according to thecity’s transport department.Investment for urban transport infrastructure for last yearwas modest and below the needs of the biggest city of the country, thedepartment said in its report on Sai Gon Giai Phong (Liberated Saigon)newspaper on December 11.In 2016-2020, demand for investment capital for transportinfrastructure was estimated at about 500 trillion VND (22 billion USD).But the city had allocated 21.6 trillion VND (951 million USD)for 2016 and 2017, and about 41 trillion VND (1.8 billion USD) for the nextthree years. It means the total capital the city has allocated for the5-year period is 61 trillion VND, about 10 percent of demand. According to figures released by the department, some22,300ha of land has been approved for transport … [Read more...] about HCM City lacks capital for transport infrastructure
Infrastructure
Dong Thap lures investments into infrastructure, farm produce processing
Dong Thap lures investments into infrastructure, farm produce processingHung Le HCMC – The Mekong Delta province of Dong Thap is calling for investors at home and abroad to develop industrial infrastructure, and agricultural goods processing projects, heard a press conference in HCMC last Saturday. The provincial government and the Institute of Vietnam Organic Agricultural Economics unveiled the investment promotion conference under the theme of “Dong Thap – our potential, your opportunity,” which is slated to take place next Tuesday in Cao Lanh City, and is expected to have around 300 delegates. Truong Hoai Chau, director of the provincial Department of Planning and Investment, said the local government is calling for investors for 33 projects which are aimed at developing infrastructure for industrial zones, hi-tech agricultural sub-zones, as well as processing industry, tourism, and trade. The local government wants to prop up investments in the farm produce … [Read more...] about Dong Thap lures investments into infrastructure, farm produce processing
Infrastructure vital for foreign investment attraction
Infrastructure vital for foreign investment attractionLe Anh HCMC – Infrastructure plays a key role in whether foreign investors decide to make an investment in Vietnam or not, heard a conference on infrastructure development in HCMC on December 7. Speaking at the conference, Kawaue Junichi, consul general of Japan in HCMC, said the first thing investors will look at is infrastructure when it comes to making an investment decision. According to the consul general, to ensure sustainable infrastructure development, more attention should be paid to social and environmental impacts and economic purposes when implementing infrastructure projects. Infrastructure projects like seaports, roads, railways and electricity systems should contribute to improving people’s lives and protecting the environment. They should be of high quality as well. Among the infrastructure projects in Vietnam that have got positive reviews from Japan are Tan Son Nhat International Airport and East-West … [Read more...] about Infrastructure vital for foreign investment attraction
Japan, Vietnam experts talk investment in high-quality infrastructure
The dialogue was organised by the Japanese Ministry of Economy, Trade and Industry as part of the 15th Vietnam International Trade Fair (Vietnam Expo) in Ho Chi Minh City. Junichi Kawaue, Consul General of Japan to HCM City, said Vietnam is playing an important role in the development of ASEAN. Therefore, the sustainable development of high-quality infrastructure, in terms of road, railway and sea transport, is critical to not only Vietnam but also the region’s transport connectivity. As an economic hub of Vietnam, HCM City needs high-quality infrastructure, he said, noting that Japan wants to continue contributing to important transport facilities in the city like the metro route No. 1. It is also considering some projects in Vietnam to further connect Da Nang Port with the East-West Economic Corridor, and Cai Mep-Thi Vai Port with the Southern Economic Corridor. Vice Chairman of the HCM City People’s Committee Le Van Khoa said his city hopes to cooperate closely with … [Read more...] about Japan, Vietnam experts talk investment in high-quality infrastructure
Mekong Delta upgrade infrastructure to promote tourism
In which, Tram Chim National Park, Nguyen Sinh Sac and Xeo Quyt relic sites were among the popular attractions. To boost tourism, the province has also promoted ecotourism and created tours to local fruit gardens.According to Nguyen Ngoc Thuong, director of the provincial Culture, Sports, and Tourism Department, the development plans, including better infrastructure and effective promotion campaigns, had brought about positive changes to the tourism sector.Around 5.3 million tourists visited Can Tho city in the first eight months of the year, up 43 percent year-on-year, according to the municipal Department of Culture, Sports, and Tourism. The city welcomed 76,700 arrivals during the National Day (September 2) holiday period, generating more than 48 billion VND (over 2 million USD) in revenue. The department aims to attract 5.5 million arrivals and earn 2 trillion VND (88 million USD) this year.Since Kien Giang has the most tourism potential in the Delta, the province in recent years … [Read more...] about Mekong Delta upgrade infrastructure to promote tourism