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Da Nang using its advantages to become a major logistics center
Investment

Da Nang using its advantages to become a major logistics center

Central Da Nang city has a particularly favorable geographical location and is one of the coastal gateways in the East-West Economic Corridor, with the potential to become part of a global production and supply chain network due to connections with the Pacific and Indian Oceans. Under its plan, the city will have five main logistics centers on a total area of 229 ha. The most prominent is the Lien Chieu Port Logistics Center, which will be on 30 ha by 2030 and 69 ha by 2045.
Investment

MoT offers solution to problematic BOT projects

Through a review, the Ministry of Transport has reported that there are eight build-operate-transfer (BOT) projects that are inadequate and need to be reported to relevant authorities for consideration on their future. The ministry has therefore proposed that a solution to terminate contracts ahead of time and allocate State budget capital of about VND13.115 trillion ($552.527 million) to compensate investors and project developers be submitted to the National Assembly for consideration and approval. This would also remove obstacles for investors, thereby restoring their trust.
Resort real estate faces complicated future

Resort real estate faces complicated future

The recovery of the tourism sector is driving greater expectations surrounding resort real estate. However, according to a DKRA report, resort real estate will be influenced by the gloomy nature of the country’s real estate market as capital becomes more limited than previously.
Three Mekong Delta provinces promote coastal road project

Three Mekong Delta provinces promote coastal road project

The provinces of Tien Giang, Ben Tre, and Tra Vinh in the Mekong Delta have discussed the use of loans to kick off a project building a coastal road. The 740-km project, from Ho Chi Minh City to Ha Tien and passing through Tien Giang, Ben Tre, Tra Vinh, Soc Trang, Bac Lieu, Ca Mau, and Kien Giang provinces, is expected to be a driving force of regional economic change.
Bottlenecks in public investment projects discouraging contractors

Bottlenecks in public investment projects discouraging contractors

Addressing the Vietnam Socio-Economic Forum 2022, Mr. Nguyen Quoc Hiep, Chairman of the Vietnam Association of Construction Contractors, proposed several solutions to speed up the disbursement of public investment capital. He said the first bottleneck is that payment and settlement procedures and investment procedures remain cumbersome, and the assignment of responsibilities has not been clarified. The second is that many public construction unit prices are low, some at just one-third of actual implementation, so many contractors do not want to be involved.
Boeing: Demand for aircraft to skyrocket over next 20 years

Boeing: Demand for aircraft to skyrocket over next 20 years

Mr. Thomas Sanderson, Marketing Director of Boeing Commercial Airplanes, has said Southeast Asia will need about 4,200 new aircraft over the next 20 years, with Vietnam to account for a significant proportion. Growth in the country’s aviation sector in terms of passengers, cargo, and aircraft numbers has increased 5-7 times more than the regional average.
Construction of Cho Moi - Bac Kan road to get underway in 2023

Construction of Cho Moi - Bac Kan road to get underway in 2023

Construction of the 20-km, VND2 trillion ($84.35 million) Cho Moi - Bac Kan road will begin next year and be completed in 2025, to address bottlenecks in transport infrastructure in Vietnam’s northern mountainous area, according to the Ministry of Transport. A number of investors have said that Bac Kan province holds advantages in forestry, mineral resources, and tourism, especially Ba Be Lake, but its inconvenient traffic network makes them hesitant.
Disbursement of public investment to get boost to year-end

Disbursement of public investment to get boost to year-end

With disbursement of public investment capital having reached only 39.15 per cent of the plan assigned by the Prime Minister in the first eight months of the year, Deputy Prime Minister Le Minh Khai has signed Resolution No. 124/NQ-CP dated September 15 on key tasks and solutions to boost disbursement over the closing months of 2022.

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