According to the municipal People’s Committee, the disbursement of public capital of a number of projects has lagged behind schedule, with some stagnant projects in the 2016-2020 period cancelled. Meanwhile, the demand for middle-term public investment remains huge. In March, the committee asked local departments, districts and investors to make updates and adjustments to the city's plan. Along with requesting local authorities to apply measures to speed up the progress of projects from all stages, municipal authorities have asked for the allocation of enough capital for underway projects, the adjustments of stagnant projects and the careful consideration of new projects to match the city’s capacity in resource balancing. In order to effectively implement the plan, the city asked local sectors, departments and localities to work closely together to deal with difficulties in the disbursement of public investment capital, while speeding up the progress of new projects. The … [Read more...] about Hanoi adopts five-year public investment plan
Resource enterprise planning
North-Central-South tourism connectivity enhanced
At the conference In November 2020, leaders of the People’s Committees of seven localities signed an agreement on tourism development cooperation. The program will focus on state management of the tourism industry, the development of tourism human resources and tourist products, and tourism promotion. According to a report, seven cities and provinces received a total number of visitors of 17.7 million and earned VND63, 000 billion (US$2.7 billion) in tourism revenue in 2021. In the first six months of this year, the business outcome of tourism activities saw positive signs thanks to tourism reopening policies. The total number of tourists was estimated at around 32.9 million, including one million international visitors while the revenue from tourism was VND87, 900 (US$3.76 billion). Standing Vice Chairman of the People’s Committee of Quang Ngai Province, Tran Hoang Tuan speaks at the event. Speaking at the event, Standing Vice Chairman of the People’s Committee of … [Read more...] about North-Central-South tourism connectivity enhanced
Vietnam’s GDP growth set to expand by 7.5% in 2022: World Bank
In long term, transforming the higher education system will be key to boosting Vietnam’s productivity and helping achieve its goal of becoming a high-income country by 2045. Vietnam’s GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, with backing from resilient manufacturing and a robust rebound in services. Overview of the event. Photo: Nguyen Tung Country Director for the World Bank in Vietnam Carolyn Turk revealed the figures at the launch of its bi-annual economic outlook for Vietnam titled “Taking Stock: Educate to Grow” today [August 8]. According to Turk, the global economy has been experiencing a series of very large and negative shocks, including ongoing Covid-19-related disruptions and supply shocks associated with the Russia-Ukraine conflict. In this context, Vietnam’s economy has shown “relative resilience and staged a strong rebound after last year’s Covid-19 induced slowdown,” Turk said. Vietnam’s economic … [Read more...] about Vietnam’s GDP growth set to expand by 7.5% in 2022: World Bank
Huge transport investment expected to vitalise central regions
For over a month now, relevant personnel at the Ministry of Transport is busy with the final preparations to soon hand over Khanh Hoa-Buon Ma Thuot Expressway to the people’s committees of Khanh Hoa and Dak Lak provinces. In light of Decision No.17/QD-TTg dated July 28, two out of three components under Khanh Hoa-Buon Ma Thuot Expressway will be assigned to two localities having the road passage for management. The 32km-long first component with an estimated investment value of $244.8 million will be assigned to Khanh Hoa's People’s Committee while the 48km-long third component valued at around $282 million will be assigned to Dak Lak's People’s Committee. The 37.5km second component with a value reaching $426.8 million will be managed by the Ministry of Transport (MoT) as the road section lies in both localities and features complex terrain. Building a comprehensive highway network is one of the government priorities With more than 117.8km of total length, … [Read more...] about Huge transport investment expected to vitalise central regions
Kien Giang Province invests more than VND17 trillion to prevent erosion
Sea dyke erosion always happens in An Minh District in Kien Giang Province. (Photo: SGGP) Mr. Le Quoc Anh, Vice Chairman of Kien Giang Provincial People's Committee, on August 8, said that he had signed and promulgated a project to prevent coastal and riverine erosion in the area from now to 2025 and orientation to 2030. Accordingly, the prevention of coastal and riverbank erosion should be carried out synchronously for both immediate treatment and long-term radical solutions associated with ecological environment protection, coastal mangrove forest protection and development, and creating livelihoods for local people. Kien Giang is a province with more than 200 kilometers of coastline, running through many districts and cities, such as Kien Luong, Hon Dat, An Bien, An Minh, and Rach Gia City. The coastal protection forest belt is extremely crucial as it is a green shield against natural disasters, protecting sea dykes from erosion and landslides caused by waves. In the plan of … [Read more...] about Kien Giang Province invests more than VND17 trillion to prevent erosion