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Harnessing Vietnamese intellectual resources in RoK
Investment

Harnessing Vietnamese intellectual resources in RoK

To ensure the intellectual resources of the Vietnamese community in RoK are utilized effectively, the NA President Tran Thanh Man requested that the Vietnam Innovation Network in Korea become an "extended arm of intelligence and technology" for the country.
Vietnam, Myanmar target deeper economic integration
Investment

Vietnam, Myanmar target deeper economic integration

Vietnam and Myanmar have agreed to enhance economic connectivity and complementarity, expanding cooperation across trade, investment, digital transformation, agriculture, logistics, and high-tech sectors to unlock new growth room for both business communities.
Vietnam seeks shift to co-development in Japanese ties
Investment

Vietnam seeks shift to co-development in Japanese ties

Prime Minister Le Minh Hung has called for a shift in Vietnam-Japan investment relations from a traditional “investor-host location” dynamic toward a partnership of co-development, joint creation, collaborative research, innovation, and deeper integration into global value chains.
Upgrade for Dien Bien Airport

Upgrade for Dien Bien Airport

The Dien Bien Airport expansion project, costing more than VND1.54 trillion ($67.4 million), is expected to begin in December and be completed early in the fourth quarter of 2023. After the upgrade, the airport will have a capacity of welcoming 500,000 passengers a year, an increase of 200,000.
Investment in Da Nang development project reduced

Investment in Da Nang development project reduced

The Prime Minister has approved an adjustment to reduce the total investment in the “Sustainable Development of Da Nang City” project from $272.13 million to $267.5 million, with a World Bank loan of $160.5 million and counterpart capital of $107 million. Implementation is from April 2013 to June 30, 2021, but most components are behind schedule due to many reasons. Da Nang has therefore requested an extension to the project schedule.
Removing bottleneck in public investment

Removing bottleneck in public investment

Problems in site clearance were behind delays at nearly 60 per cent of public investment projects that fell behind schedule last year. Separating the site clearance and resettlement process from investment projects is considered an important solution in removing this long-lasting bottleneck that slows down public investment.
Investment proposal made for Hanoi’s Ring Road 4

Investment proposal made for Hanoi’s Ring Road 4

A proposal has been made to invest VND90.4 trillion ($3.85 billion) in Hanoi’s inter-regional Ring Road 4, with a length of 110 km. This is a crucial route running through 14 districts in the capital and Hung Yen and Bac Ninh provinces.
$50 mln central coastal urban area given go-ahead

$50 mln central coastal urban area given go-ahead

A central coastal urban development project was approved by the government on August 11. It consists of two components, to be implemented over four years with total investment of €42.23 million ($49.70 million), with a French Development Agency (AFD) loan of €33.8 million ($39.67 million), a non-refundable ODA loan of €1.36 million ($1.59 million), and counterpart funding of $8.3 million.
BOT transport investors grappling with finances

BOT transport investors grappling with finances

Investors in build-operate-transfer (BOT) transport projects are struggling with financial plans because of inadequate policies on calculating loan interest rates and from not being entitled to a refund of value-added tax on invoices arising after the project is put into operation. Vietnam has 107 toll booths on its highways, most of which have not reached the expected level of revenue, making it difficult for BOT investors to repay loans.

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