Investment
Construction of 963-unit social housing project kicks off in Da Nang
Total investment capital estimated at VND1.3 trillion (about $49 million).
Investment
Matters of productivity
As Vietnam seeks new growth models, it must also improve how traditional models are used so that growth is based on quality rather than quality.
Investment
A risk-based approach to financial transaction regulations
With digital transformation likely to have a major role to play in financial transactions into the future, the governing legal framework is in need of reinforcement.
Chau Doc - Can Tho - Soc Trang Expressway project submitted to NA
Minister of Transport Nguyen Van The, on behalf of the government, signed a report sending the first phase of investment in the Chau Doc - Can Tho - Soc Trang Expressway project to the National Assembly (NA) for approval. The 188-km route passes through the Mekong Delta’s Can Tho city and the three provinces of An Giang, Hau Giang, and Soc Trang, with total public investment standing at nearly VND47 trillion ($2 billion). It is one of six key expressways prioritized for investment in the Delta, with construction to begin in 2023 and completion expected in 2025.
$310mln needed for 3 highway upgrades in Mekong Delta
Total expected investment on renovating and upgrading National Highways No. 53, 62, and 91B in the Mekong Delta is more than VND7.1 trillion ($310.17 million), of which loans from the World Bank (WB) will total VND5.7 trillion ($250 million). The project is to be implemented over four years, from 2023 to 2026.
Measures to be studied on developing waterway infrastructure
Under inland waterway infrastructure planning for the 2021-2030 period and vision to 2050, studies will be conducted on preferential mechanisms and policies to attract investment in developing a port system and building waterway infrastructure, including exemptions on water surface rentals, land rentals for 15 years, and import taxes on loading and unloading equipment.
Major projects may cease if construction material prices continue upwards
Some investors have said that the recent spike in fuel and material prices have resulted in total investment exceeding thresholds. One proposal being made is to suspend investment in projects that are not overly urgent, to focus capital on implementing key projects.
HCMC preparing ecosystem to welcome ‘green’ FDI
According to Mr. Vo Van Hoan, Deputy Chairman of the Ho Chi Minh City People’s Committee, the city’s investment promotion activities in the time to come will focus on preparing an ecosystem to welcome a wave of “green” FDI. It will implement three breakthrough programs, in management innovation, infrastructure development, and human resource development.
SMEs short of investment capacity for green transformation
According to Dr. Pham Xuan Dung, President of the Vietnam Union of Science and Technology Associations, investment capacity for digital transformation and green transformation among Vietnam’s small and medium-sized enterprise (SME) community, despite its efforts, remains low. It therefore needs support from international partners and FDI enterprises.