Dang Hoang Hai Anh, senior economist of the World Bank in the United States, concurred that the domestic purchasing power is a crucial factor. He stressed that before the coronavirus outbreak, an economic growth model based on the domestic purchasing power had been tabled for discussion globally. For Asian nations such as Vietnam where saving rates are high among the local people, efficiently exploiting such sources of capital could help restore the purchasing power. While focusing on the domestic purchasing power, the Government and enterprises would need to include more measures to boost consumption. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16
Ppp investment
Phu Quoc island city draws $16.5 billion in investment
Local trade-service production expanded by an average of over 19 percent each year during the last five years, doubling the rate in its home province of Kien Giang in the Mekong Delta. State budget collections rose an average of 19 percent annually and accounted for more than 40 percent of the province’s total collections. … [Read more...] about Phu Quoc island city draws $16.5 billion in investment
3.6 trillion VND to be invested in Tay Ninh port cluster
Photo for illustration The 259.22-ha project comprises a logistics centre, an inland container depot and Tay Ninh general port. It will form a synchronous infrastructure and transport network, cut time for goods shipments and logistics costs, and contribute to socio-economic development in the region. … [Read more...] about 3.6 trillion VND to be invested in Tay Ninh port cluster
HCM City proposes investment for 7 projects
The third is Metro Line No.4 (Thạnh Xuân – Hiệp Phước Industrial Park), which is 36.2 kilometres long and costs over $4.5 billion. It will transport locals across the city’s urban areas and Bến Thành. … [Read more...] about HCM City proposes investment for 7 projects
Phu Quoc island city draws US$16.5 billion in investment
Tourism has become a spearhead economic sector. Dozens of large-scale tourism projects have been carried out, with an array of high-end resorts serving both domestic and international visitors. The Bai Truong tourism complex is being formed, giving the Phu Quoc urban area a facelift. … [Read more...] about Phu Quoc island city draws US$16.5 billion in investment
