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Restructuring public investment a must

The Prime Minister has recently asked ministries, agencies and localities to tighten management of State capital sources in an effort to stop scattered investment and optimize the efficiency of State-funded projects. Vietnam needs more than VND500 trillion to complete projects approved by the National Assembly and the Government in the 2011-2015 period. However, only VND225 trillion, less than half... 

VN-Germany investment forum opens in Berlin

A Vietnam-Germany investment and business forum opened in Berlin on Nov. 15. Addressing the forum, Vietnamese Ambassador to Germany Do Hoa Binh said the forum is a good opportunity for businesses from the two countries to explore their expanding investment and business advantages, especially in infrastructure, energy, hi-tech and environmental technology. The diplomat expressed the hope that German... 

Municipal governance considers to revoke 22 projects

Thai Nguyen provincial governance on May 17 said that only 137 of 217 works and ground clearance projects had been handed over to investors because of standstill in ground clearance, inadequacies in compensation policy. Till the end of first quarter of 2011, there were around 460 projects granted with the investment certificates and approval with total registered capital of over 150 trillion dong.However,... 

Binh Thuan issues 15 investment licences

Central Binh Thuan Province granted licences to 15 investment projects in the first quarter of 2011, bringing the total number of provincial projects up to 1,142 with total registered investment capital of VND87.3 trillion (US$4.1 billion). The local authority has also issued business registration licences to 58 new companies and updated business registration procedures for 324 companies already... 

FDI should be on the right track

Vietnam expects foreign direct investment to flow to manufacturing sectors, and generate added value and technological value for the economy. However, in recent years, this capital source has seemed to target short-term investment and raw material exploitation. Dr. Tran Dinh Thien, director of the Vietnam Institute of Economics, recently cautioned that the hospitality industry and real estate... 

Waste found in numerous state-financed projects

A report which scrutinised 300 projects with state investment found that 269 of them were halted because of waste last year. Sluggish construction drives up costs According to a report from the Ministry of Planning and Investment (MPI), Vietnam had 36,607 projects which used capital from the state budget in 2010. For these projects, state funds accounted for at least 30% of their total... 

PPP projects slow to gain sufficient traction

Private investors are keen to jump onto the public-private partnership investment bandwagon, but local authorities are failing to do their part. In the nearly six months since the Ministry of Planning and Investment (MPI) required authorities to send on lists of pilot public-partnership (PPP) projects, the MPI has heard only a resounding silence. “We urged them [local authorities and ministries]... 

Investors from Japan seek opportunities

More than 500 Japanese companies are looking to invest in Viet Nam, said Hirokazu Yamaoka, chief representative of the Japan External Trade Organisation (JETRO) in Viet Nam, at a press briefing in Ha Noi last week. Vietnamese support industries should focus on producing high-quality low-cost goods to boost their regional competitiveness, he said. “If you are not able to produce these products... 
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