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Weekly payroll certification for public works projects form

/ March 1, 2021

Southeast region speeds up major transport projects to relieve congestion

The HCM City - Long Thành - Dầu Giây Expressway is expected to be widened to 10-12 lanes. The Ministry of Transport has urged localities in the southeast region to improve transport infrastructure over the next five years. — Photo courtesy of Đồng Nai Department of Transport HCM CITY — The Ministry of Transport has urged localities in the southeast region to speed up major transport projects by diversifying the sources of capital over the next five years. Speaking at a recent online meeting, Nguyễn Văn Thể, Minister of Transport, said: "A lack of regional connectivity and overloaded roads at major gateways remains an issue in the region." Thể has urged localities in the region to speed up implementation of major projects in the region in the 2021-2025 period, with priority given to the expansion of HCM City - Long Thành - Dầu Giây expressway, and construction of Bến Lức - Long Thành expressway, Biên Hòa - Vũng Tàu expressway, HCM City - Mộc Bài, and Ring Roads 2 and 3. Other projects include construction of the Long Thành - Thủ Thiêm light railway connecting HCM City to the new Long Thành airport, and the expansion of Provincial Road 25C from HCM City to Đồng Nai Province. Recently, PM Nguyễn Xuân Phúc approved the Ministry of Transport’s proposal to give HCM City the authority to approve investment decisions for the HCM City-Mộc Bài Expressway. The 53.5km-long expressway will link Ring Road No 3 in HCM City’s Hóc Môn District with Mộc Bài International Border Gate between Việt Nam and Cambodia in Tây Ninh Province. The expressway project will be divided into two investment phases. Its total capital is estimated at nearly VNĐ13.6 trillion (US$586.8 million), including cost for site clearance sourced from the State budget. The first stage will cost VNĐ10.7 trillion (($461.7 million) under a Public-Private Partnership investment. Construction is expected to be completed by 2025 with at least four lanes, and will be expanded to six or eight lanes …

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/ March 1, 2021

HCM City invests in six major environmental sanitation projects

The HCM City Urban Environment Company Limited (CITENCO) and HCM City Finance and Investment State-owned Company (HFIC) last week signed a strategic co-operation agreement to implement projects related to urban environmental sanitation during the 2021-2025 period.  Photo Thanhuytphcm.vn HCM CITY — The HCM City Urban Environment Company Limited (CITENCO) and HCM City Finance and Investment State-owned Company (HFIC) last week signed a strategic co-operation agreement to implement projects related to urban environmental sanitation during the 2021-2025 period. Six projects with combined capital of VNĐ6 trillion (US$260.2 million) will be implemented under the agreement. These include a 20-ha landfill site project at the Phước Hiệp waste treatment complex in Củ Chi District, a project to move a hazardous waste plant from Đông Thạnh commune in Hóc Môn District to Phước Hiệp waste treatment complex, and the second phase of the Đa Phước cemetery project in Bình Chánh District. A project to build a plant for recycling and treatment of solid waste separated at source, and investments in equipment and vehicles for waste collecting, transportation and treatment services will also be carried out. Around 9,500 tonnes of domestic solid waste are generated daily in the city, not including industrial waste, according to the city’s Department of Natural Resources and Environment. The volume of domestic waste has risen by 10 per cent a year. Only 2,000 tonnes are recycled, while the remaining 75 per cent of the waste is buried, resulting in environmental pollution and lower quality of life for city residents, said Huỳnh Minh Nhựt, director of CITENCO. As a public utility enterprise under the management of the HCM City People’s Committee, CITENCO is one of the key units to perform tasks in the field of environmental sanitation, Nhựt said at the signing ceremony. The six projects will be a focus of the company in the coming years to address the city’s sustainable …

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/ March 1, 2021

New momentum for private investment in healthcare

A surgery conducted at the Vinmec Times City General Hospital, a private hospital in Hanoi (Photo: VNA) Hanoi (VNA) - Private investment is forecast to keep flowing into the healthcare sector in the time ahead with the appearance of many new drivers, according to the Dau tu (Vietnam Investment Review) newspaper. Nipro Pharma Vietnam , invested in by the Nipro Pharma Corporation - one of Japan’s leading pharmaceutical companies - is completing necessary procedures to add 270 million USD to its investment in a factory at the Saigon Hi-Tech Park in Ho Chi Minh City. According to the Japan External Trade Organisation ( JETRO ), a large number of Japanese businesses are seeking the chance to tap into Vietnam’s healthcare market given its substantial potential. The sector has attracted new investment inflows recently, especially last year, with a number of new projects from both domestic and foreign companies. In late 2020, a group of investors led by the Singaporean Government’s GIC sovereign wealth fund poured more than 203 million USD into Vingroup’s VMC, which develops and operates the Vinmec hospital system. VinaCapital’s Vietnam Opportunity Fund, meanwhile, invested 26.7 million USD in the Thu Cuc International General Hospital, while the UK’s Real Capital London debuted the Hong Anh (UK Vietnam) Medical Campus in HCM City, worth about 156 million USD. Many projects funded by domestic investors were also licensed or became operational last year, such as the TV.Pharm Hi-tech Pharmaceutical Complex, Van Phuc - Sai Gon Hospital, and Hoan My Western Hospital. Such moves show that hospital investment is increasingly attractive to investors due to growing middle class demand for high-quality healthcare, the newspaper said. Meanwhile, multinational pharmaceutical groups such as Novartis, Roche, Sanofi, GSK, and AstraZeneca are promoting “social business” via new programmes. In late January, AstraZeneca worked with the Ministry of …

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