Vân Đồn is targeting becoming one of the nicest cities for living in the Asia-Pacific region by 2050. — Photo cafefland.vnViet Nam News QUẢNG NINH — Vân Đồn Economic Zone in northeastern Quảng Ninh Province needs US$70.2 billion by 2050 for its investment demands, according to the provincial People’s Committee. The Ministry of Planning and Investment (MPI) sent an express dispatch to ministries to collect ideas on the socio-economic plan for Vân Đồn Economic Zone by 2030 with a vision to 2050. The document asked ministries to join a planning evaluation council and quickly submit opinions on the plan to the Prime Minister for approval. Earlier, the provincial People’s Committee submitted a document to the PM and MPI about the master plan for approval. According to the plan, the Vân Đồn Economic Zone is targeting becoming a green, smart and modern island urban area with a focus on … [Read more...] about Vân Đồn Economic Zone needs US$70.2 billion investment by 2050
Sector invest
Investment of 6% in agriculture sector called low
Investment of 6% in agriculture sector called lowBy Thuy Dung Representatives at the review conference on the restructuring of the agriculture sector in Hanoi City on November 10 – PHOTO: THUY DUNG HANOI – Investment in the agro-forestry-fishery sector was put at VND390 trillion during the 2013-2017 period, making up some 5.7% of the total investment in all sectors, as stated at a review conference in Hanoi City on November 10 on the restructuring of the agriculture sector. Speaking at the conference, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan said that the ministry had adjusted public investment capital for restructuring and potential projects which bring in high added value, including irrigation systems in the fishery sector. Investment capital from the State budget allocated for agriculture and rural development in the 2013-2017 period was VND712 trillion, 1.54 times as high as that for the previous five-year period. The figure was lower … [Read more...] about Investment of 6% in agriculture sector called low
ADB invests USD25 million to help small businesses in Southeast Asia
“ADB’s investment will help well-managed and middle-market SMEs in Southeast Asia to realize their growth plans, thereby driving employment, tax generation, skills transfer, and regional trade,” said ADB Director for Private Sector Investment Funds and Special Initiatives Division Ms. Janette Hall. “Investing in Exacta II allows ADB to participate in Southeast Asia’s continued economic growth while providing development benefits for people in the subregion.”ADB’s support will allow Exacta II to invest growth equity into smaller firms—particularly those from Indonesia, Malaysia, Philippines, Singapore, Thailand, and Viet Nam—whose growth is driven by domestic consumption and export. This will help address the issue of low private equity penetration in Southeast Asia, which is crucial to create new jobs, drive economic growth, and encourage further investments in related sectors.Exacta II, a private equity fund with a target … [Read more...] about ADB invests USD25 million to help small businesses in Southeast Asia
New policy to lure investment into agricultural and rural development
The government has grand designs for agriculture In addition to Decree No.57/2018/ND-CP of the government on the mechanisms and policies required to attract investment into agricultural and rural development issued on April 17, 2018, the government has assigned the Ministry of Planning and Investment (MPI) to formulate a Draft Circular on guiding the implementation of the decree to guide private sector investment into the agricultural sector and rural development. According to the draft circular, the portfolio of projects investing into agricultural and rural development will prioritise projects using local materials or employing a staff of more than 100. Projects producing environmentally friendly mechanical products, agricultural equipment, spare parts and auxiliary products will also be prioritised. The state will allocate at least 5 per cent of its annual investment development capital to implement this policy. Local budgets will also set aside at least 5 per cent for the … [Read more...] about New policy to lure investment into agricultural and rural development
New directive to ease public private investment projects
(VEN) - A government decree designed to facilitate investment through public-private partnership (PPP) and ensure completion of projects went into effect on June 19. Increasing PPP project efficiency Decree 63/2018/ND-CP (Decree 63), signed by the Prime Minister on May 4, replaces Decree 15, which was in effect from April 10, 2015. It sets out the fields, conditions, order and procedures for leveraging private sector investment. A Ministry of Planning and Investment representative said the PPP model for both domestic and foreign private investors had changed the appearance of localities throughout the country and significantly improved national infrastructure, especially transport and electric infrastructure. However, PPP regulations had proven inadequate in terms of investment process and complicated formalities. For example, implementation of Build-Operate-Transfer (BOT) projects in the past shows that an investment capital ratio of 15 percent stipulated in Decree 15 did not … [Read more...] about New directive to ease public private investment projects