Investments in all the components of the North-South Expressway project will come from the State budget - PHOTO: MINISTRY OF TRANSPORT HCMC - Eight component projects of the North-South Expressway have been moved from the public-private partnership (PPP) model to the public investment model, Prime Minister Nguyen Xuan Phuc announced at a meeting of the Government on April 7. … [Read more...] about North-South Expressway subprojects transferred to public investment
Public private partnership renewable energy
Invested by the Vietnam Renewable Energy JSC, the project uses 60 hectares of water surface and 0.6 hectares of land. The plant, which has a design capacity is 50 MWp, is scheduled to be completed and become operation at the end of the second quarter of 2019. The project is expected to contribute to the national grid, meeting local demand of power and facilitating the development of industry and service, thus transforming the economic structure of the locality. Earlier in April this year, construction of a Japanese-funded wind and solar power project began in Binh Dinh’s Quy Nhon city. The 100MW project is invested by the Fujiwara Binh Dinh Co. Ltd., which said it is committed to being on schedule and making contributions to the local economy. With total investment of US$63.69 million, its construction is set to have two phases. In the first phase, a 50MW solar plant will be built on over 60 hectares of land on the southern side of Phuong Mai mountain in the Nhon … [Read more...] about Binh Dinh approves US$63-million solar power project
"Each method, either appointment or bidding, has its own advantages and disadvantages. The most important thing is that the procedures need to be completed quickly to shorten the investment preparation time. The procedures for selecting investors for the North-South Expressway project in the past have taken far too long." … [Read more...] about Experts fret over appointment of North-South Expressway contractors
All but two tickers in the banking sector were in the red this session. Mid-sized banks were at the deeper end of the losing pool, with VPB of private VPBank, EIB of private Eximbank and MBB of state-owned Military Bank dropping 2.8 percent, 1.9 percent and 1.6 percent respectively. … [Read more...] about VN-Index edges up in sixth straight gaining session
Vietnam’s government has reacted to the pandemic early and fiercely. Schools were closed, events were cancelled, the population was reminded to be careful, and now, borders were closed and entry to the country has been restricted. Nevertheless, nowhere in Vietnam was any sign of a similar panic to what can be seen now in the increasingly hectic European Union. After the danger had initially seemed to be ignored in the West, headlessness is now apparent. Moreover, thanks to the starving European Central Bank’s (ECB) policy of recent years, essential monetary policy instruments are now missing in the EU. This is different in Vietnam, as we shall see. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?