Back to English Comments Economy - December 28, 2018 | 11:42 am GMT+7 Saigon’s first metro line, tangled in bureaucratic bungling, funding shortages and a personnel crisis, looks set to miss its 2020 deadline.The state auditing agency says the HCMC administration and the management board of the Ben Thanh-Suoi Tien metro line have made several mistakes regarding the project from 2007 to June 2016.Big project cost jumpApproved in 2007, Saigon's Ben Thanh-Suoi Tien metro line is to run 20 kilometers (12 miles) through the city's 1, 2, 9, Binh Thanh and Thu Duc districts, and the neighboring Binh Duong Province's Di An District. The project was initially approved with an investment of VND17.4 trillion ($747.6 million), but in in 2009, consultants recalculated the investment needed at VND47.3 trillion ($2 billion).The city came up with the following reasons for this significant increase: an increase in the volume of the project to benefit from economies of scale (more … [Read more...] about Saigon’s first metro line off track, in crisis mode – VnExpress International
Project benefits tracking
Group must mobilise cash, fuel to get power projects on track
Group must mobilise cash, fuel to get power projects on track (22-06-2009) The Viet Nam Oil and Gas Group (PVN)'s deputy director Nguyen Tien Dung spoke with the Vietnam News Agency about the feasibility of thermo-electricity projects. Many electricity projects are behind schedule due to a shortage of investment capital. As an investor in five 6,000 MW thermo-electricity projects, can you tell us how PVN plans to mobilise the US$6 billion needed for the projects' implementation? The Government has allotted PVN five thermo-electricity projects: Thai Binh 2 in Thai Binh Province, Song Hau 1 in Hau Giang Province, Vung Ang 1 in Ha Tinh Province, Long Phu 1 in Soc Trang Province and Quang Trach 1 in Thai Binh Province. We have a plan to collect enough investment capital. As one of the country's leading economic groups, we can handle one-third of the total needed and mobilise the rest from foreign enterprises. Currently, five foreign groups are co-operating with PVN. South Korea's Electric … [Read more...] about Group must mobilise cash, fuel to get power projects on track
Vietnam racks its brain to optimize FDI’s benefits
VietNamNet Bridge – Vietnam has decided that in the next stage of foreign direct investment (FDI) encouragement, it needs to aims to the quality, effectiveness and sustainable development instead of the number of projects. However, Vietnam would have to exchange many things for this. The initial suggestions for the strategy on attracting FDI in the new period have been exposed to the public. … [Read more...] about Vietnam racks its brain to optimize FDI’s benefits
Project to Build a Railway Spine in Western Hanoi in the Pipeline
PANO - “The fifth urban railway line linking West Lake and Hoa Lac is a feasible project with large economic potential and is now opened to investors,” Permanent Deputy Minister of Transportation Ngo Thinh Duc said at a seminar on investment promotion for the project. The seminar was held on November 7 th and drew the participation of State ministries and local Hanoi agencies, as well as potential domestic and international investors and the three co-consultants of DongRim Consultant co., Ltd., HYEWONKACI Architects & Association Co., Ltd and TRICC-JSC. The Scale of the Project The West Lake-Ngoc Khanh-Hoa Lac urban railway line is the fifth urban railway project and has an estimated investment of US $1.227 billion approved in July, 2008 by the Government. It aims to build a transportation route linking central Hanoi and its western developing area. Construction of the line, with a total length of 33.5 km, is divided into two phases: the first phase, at 11.3 km, will … [Read more...] about Project to Build a Railway Spine in Western Hanoi in the Pipeline
Terms of Reference for the final evaluation of Oxfam’s project “Non-state Actors Promoting Budget Transparency”
Terms of Reference for the final evaluation of project “Non-state Actors Promoting Budget Transparency” December 2017 Terms of reference Programme title Non-state Actors Promoting Budget Transparency (BTAP project) Partner organisation/s Multiple Geographical coverage Vietnam (national level): Hoa Binh and Quang Tri provinces Program/project lifespan March 2015 – March 2018 Program/project budget €800,000 Evaluation budget €6,000 – €7,000 Evaluation commissioning manager Nguyễn Thu Hương (Oxfam) Evaluation manager Trần Thị Thanh Thủy (Oxfam) and Nguyễn Thùy Linh (CECEM) Background, rationale and purpose of the evaluation BTAP is a three-year project funded by the European Committee that runs from March 2015 to March … [Read more...] about Terms of Reference for the final evaluation of Oxfam’s project “Non-state Actors Promoting Budget Transparency”