A mock-up of Sa Pa Airport. — Photo moitruongvadothi.vn HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng has asked the Ministry of Transport to approve a detailed plan for Sa Pa Airport in the northern mountainous province of Lào Cai. Earlier the provincial People’s Committee submitted a proposal to Prime Minister Nguyễn Xuân Phúc, seeking approval to build the airport under a public-private partnership. In early 2018, the Prime Minister approved the airport planning project until 2020 and decided to elevate the designed capacity of Sa Pa Airport to 3 million passengers per year. Deputy Prime Minister Dũng ordered the Lào Cai Province’s People’s Committee to collaborate with the transport ministry and relevant agencies to work on the project’s investment and construction. The Sa Pa Airport will be located in Bảo Yên District with investment of more than … [Read more...] about Deputy Prime Minister urges approval of Sa Pa Airport plan
Prime minister 50000 loan scheme
Prime Minister attends science, technology, innovation meeting
Prime Minister Nguyen Xuan Phuc (centre) at the meeting on science, technology and innovation in Hanoi on May 15 (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc attended a meeting themed “Science, technology and innovation as a pillar for socio-economic development in Vietnam” in Hanoi on May 15. The event is jointly organised by the Ministry of Science and Technology, the Australian Embassy in Vietnam and the International Development Innovation Alliance (IDIA). The meeting saw the participation of representatives from ministries, agencies, localities, research institutes, universities, science and technology and start-up enterprises, outstanding scientists, and more than 50 delegates who are high-level representatives from the IDIA, international organisations and embassies. The event offers an opportunity for Vietnamese ministries, agencies and localities and international partners to exchange views on how science, technology and innovation … [Read more...] about Prime Minister attends science, technology, innovation meeting
Prime Minister urges Austrian firms to invest in Việt Nam
HÀ NỘI Prime Minister Nguyễn Xuân Phúc welcomed the opening of an office of the Austrian Federal Economic Chamber (WKO) in Việt Nam and urged Austrian firms to invest in the country. Receiving WKO President Harald Mahrer in Hà Nội on Tuesday, the PM said Austria is an important and trusted partner of Việt Nam and called on the two countries to bolster bilateral trade and investment ties. He remarked that Austrian investment in Việt Nam was still modest, expressing his hope that the WKO office in Việt Nam would help promote the flow of investment between the two countries. PM Phúc said Austrian firms should act quickly to seize the opportunities brought about by the EU-Việt Nam free trade agreement. He suggested they invest in Việt Nam in the fields of processing, metallurgy, manufacturing, e-commerce, textiles, glass, banking and insurance. Mahrer said he appreciated the support … [Read more...] about Prime Minister urges Austrian firms to invest in Việt Nam
Prime Minister urges Austrian firms to invest in Vietnam
Prime Minister Nguyen Xuan Phuc (R) receives President of the Austrian Federal Economic Chamber Harald Mahrer in Hanoi on May 14 (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc welcomed the opening of an office of the Austrian Federal Economic Chamber (WKO) in Vietnam and urged Austrian firms to invest in the country. Receiving WKO President Harald Mahrer in Hanoi on May 14, the PM affirmed that Austria is an important and trustful partner of Vietnam and calling on the two countries to bolster bilateral trade, economic and investment ties. He remarked that Austrian investment in Vietnam is still modest, expressing the wish that the WKO office in Vietnam will help promote the investment flow between the two countries. PM Phuc said Austrian firms should act quickly to seize the opportunities that the EU-Vietnam free trade agreement will bring about. He suggested that they can invest in Vietnam in the fields of processing, metallurgy, manufacturing, e-commerce, … [Read more...] about Prime Minister urges Austrian firms to invest in Vietnam
Prime Minister urges banks to lend more to stop loan-sharking
A note of a loan-sharking ring near an industrial park in Hanoi that offer loans for workers. Photo by VnExpress/Pham Du Prime Minister Nguyen Xuan Phuc has said banks need to lend more, especially to poor people, to overcome the loan-sharking crisis. He admitted at a conference Wednesday that though loan-sharking is prohibited, the problem persists in many rural areas, causing serious financial harm to people. One reason for its prevalence is the difficulty in getting bank loans. The PM concurred with the World Bank's warning that the ratio of the Vietnamese population without access to credit is high. "Banks are partly responsible for this issue since they have not been able to extend their services to remote and rural areas." The banking sector needs to more proactively coordinate with the Ministry of Public Security to better handle the loan-sharking crisis and make credit more accessible to people, especially the poor, he said. Incomplete statistics from the … [Read more...] about Prime Minister urges banks to lend more to stop loan-sharking