A part of the Metro Line No.1 in HCM City, linking Bến Thành Market in District 1 with Suối Tiên Tourism Park in District 9. A lack of investment capital has caused problems and delays with the construction process. — VNA/VNS Photo Tiến Lực HÀ NỘI — The Ministry of Planning and Investment (MPI) must review obstacles in disbursing public investment as well as accelerate the speed of capital allocation, especially Government bonds and official development aid (ODA). The statement was made by Deputy Prime Minister Vương Đình Huệ at the MPI’s conference held in Hà Nội on Thursday. In the first six months of 2019, the estimated disbursement of ODA reached VNĐ4.1 trillion (US$ 176.2 million), equivalent to 6.9 per cent of the National Assembly’s plan and 12.7 per cent of the plan assigned by the Prime Minister. Accordingly, eight of 59 localities had a … [Read more...] about Low disbursement of public investment in H1: MPI
Investment
VN vows to facilitate bilateral ties with Mozambique
Representatives of Vietnamese firms introduce Vietnamese goods that are in demand in Mozambique. – VNA/VNS Photo MAPUTO The Vietnamese Government will continue to support the operation of businesses from Việt Nam in Mozambique to reinforce the bilateral partnership and capitalise on their potential and advantages, Vietnamese Ambassador to Mozambique Lê Huy Hoàng said. The diplomat delivered this remark during a business forum held in Maputo, the capital of Mozambique, on Wednesday to seek stronger links in trade, investment and tourism between the two countries. The event lured more than 100 representatives of Vietnamese and Mozambican companies. During the conference, director of the Hà Nội Department of Industry and Trade Lê Hồng Thăng briefed participants on the advantages of the Vietnamese capital city, including favourable policies, adequate transport infrastructure and human resources. He also … [Read more...] about VN vows to facilitate bilateral ties with Mozambique
Việt Nam facilitates Korean investments: Deputy PM
Deputy Prime Minister Vương Đình Huệ (centre) witnesses the signing of a memorandum of understanding on strategic co-operation on studying and producing fully biodegradable plastic bags between An Phát Holdings JSC and TLC Korea. — VNS Photo HÀ NỘI — The Vietnamese Government would work to remove bottlenecks and create the best conditions for enterprises from the Republic of Korea to operate in Việt Nam, Deputy Prime Minister Vương Đình Huệ said on Thursday. He made the statement while hosting a reception for heads of leading South Korean corporations as part of his ongoing visit to the East Asian country. Meeting with Chairman of Hyosung Group Cho Hyun-joo, Deputy PM Huệ said the group was one of the largest Korean investors in Việt Nam with US$3 billion registered in production projects in Đồng Nai and Quảng Nam provinces. He spoke highly of the … [Read more...] about Việt Nam facilitates Korean investments: Deputy PM
Việt Nam, Italy promote co-operation
Italian Prime Minister, Giuseppe Conte, delivered a speech at the seminar. — VNS Photo Vũ Hoa HÀ NỘI — Việt Nam has a double advantage. It can be both a consumption market for, and a manufacturing partner of Italian companies in the age of Industry 4.0, said Italian Prime Minister, Giuseppe Conte. “We admire Việt Nam’s GDP, and I’ve agreed with Prime Minister Nguyễn Xuân Phúc that we can improve our bilateral trade to reach US$10 billion,” he told the ‘Italian technologies for Việt Nam’s smart and circular economy’ seminar held in Hà Nội on Wednesday. Vincenzi De Luca, director general for Cultural, Economic and Innovation Promotion of the Italian Ministry of Foreign Affairs and International Co-operation said Italian businesses have paid attention to Vietnamese mechanics, finance and leather sectors. The number of Italian firms in Việt Nam has been on … [Read more...] about Việt Nam, Italy promote co-operation
19 State-owned groups to be under financial supervision
Việt Nam National Oil and Gas Group (PetroVietnam) will be under financial supervision this year. — Photo cafef.vn HÀ NỘI — The Commission for the Management of State Capital at Enterprises (CMSC) this year will oversee the finance of 19 State-owned groups and corporations. The CMSC will review the operating effectiveness of the businesses to help them set targets and improve competitiveness. It also expects to help them follow laws and regulations on management and use of State capital and assets. In addition, the commission will discover shortcomings and help the businesses resolve the issues. Its work also aims to enhance financial transparency at State-owned enterprises. The 19 groups include the Việt Nam National Oil and Gas Group (PetroVietnam), Việt Nam Electricity (EVN), Việt Nam National Coal and Minerals Holding Group (Vinacomin), Việt … [Read more...] about 19 State-owned groups to be under financial supervision