Public investment

Specifically, on the supply side, the index of industrial production continued its recovery in August, picking up 3.5% against July. Overall, the index of industrial production in the first eight months of 2020 grew 2.2% year-on-year, slightly lower than the rate of 2.6% registered in the first seven months, and much lower than the 9.5% increase in the same period last year. Processing and manufacturing (the main driver of industrial production) recorded a rise of only 3.7% (versus 10.6% in the same period last year). Apparently, the fact that Covid-19 remains rampant worldwide and came back to Vietnam in late July adversely affected the recovery of industrial production in August. … [Read more...] about Public investment the only bright spot

The city government has urged tax authorities to work with agencies to resolve enterprises’ challenges, especially for projects that have land but have faced problems in legal procedures, preventing enterprises from fulfilling their financial obligations. … [Read more...] about City to speed up disbursement of public funds, increase budget revenue

HCM City (VNS/VNA) - HCM City will continue to speed up the disbursement of public funds and seek to increase budget revenue for the remaining months of the year, the chairman of the municipal People’s Committee has said. Speaking at a meeting to review socio-economic development in the first eight months, Nguyen Thanh Phong said the city would speed up the disbursement of at least 80 percent of the planned investment next month in order to achieve the target of over 95 percent of the plan by the end of the year. As of August 23, as much as 21.3 trillion VND (911.5 million USD) had been disbursed, accounting for 50 percent of the set target, almost 2.5 times higher than the same period last year, according to him.  The HCM City Management Board for Traffic Works Construction and Investment and the HCM City Management Authority for Urban Railway (MAUR) have urged the city to speed up the disbursement rate to ensure the progress of … [Read more...] about HCM City to speed up disbursement of public funds

The Prime Minister stressed that with a population of nearly 100 million and being part of the dynamic 650 million-strong bloc of ASEAN, Việt Nam is big enough for business plans and suitable for restructuring and the shift of regional and global supply chains by foreign investors, especially those from Japan. … [Read more...] about Prime Minister welcomes Japanese firms’ investment in Việt Nam

Some public-private partnership (PPP) transport projects, especially those built on a build-operate-transfer (BOT) basis, have acquired a bad reputation in recent years, with people living near some of them complaining bitterly that they have to pay to travel around in their neighborhood since toll booths have been set up there. … [Read more...] about Public-private project operators struggle to recoup investment