Tìm kiếm: investment

Vietnam is speeding up public investment disbursement to push growth, after going through difficult times due to the severe economic impact of Typhoon Yagi.

The arrival of 4,500 Sun Pharmaceuticals employees in Vietnam represents an important milestone in the trade relationship between Vietnam and India. This event affirmed Vietnam as a prime destination for international businesses and opened promising economic cooperation opportunities for both countries.

The Ninh Binh provincial administration's diligence, listening and spirit of cooperation with businesses is being clearly affirmed by the assessment of the quality of economic management, business environment, and increasingly improved administrative reform.

Leaders of Ninh Binh, including Secretary of the provincial Party Committee Doan Minh Huan, Chairman of the provincial People's Council Mai Van Tuat and Chairman of the provincial People's Committee Pham Quang Ngoc on August 23 inspected the progress of some public investment projects in the province.

Prime Minister Pham Minh Chinh has asked for breakthrough solutions to fulfil the target of 95% in the disbursement rate of public investment capital in 2024.

The Government Office on July 9 issued an official dispatch on Prime Minister Pham Minh Chinh's directions requiring the acceleration of public investment disbursement for 2024.

Having defined public capital investment disbursement as an important solution to recover the economy, since the beginning of the year, the Ninh Binh provincial People's Committee has issued numerous directives to speed up the disbursement of public capital investment. However, the outcomes have lagged behind expectations. Therefore, the province needs to make concerted efforts to disburse at least 90% of the allocated capital.

The disbursement of public investment from the State budget in the first five months of this year was estimated to reach 190.6 trillion VND (7.44 billion USD), equal to 26.6% of the yearly target and 5% higher than the same period last year, according to the General Statistics Office (GSO).

The development investment in Ninh Binh in the first four months of 2024 increased by 8.3% to 10.2 trillion VND (434 million USD) compared to the same period last year, the provincial statistic office has announced.

Vietnam will need to invest 20-30 billion USD on water supply and drainage to make sure that 100% of the population has access to clean water, according to experts.

The year 2024 is a pivotal year for Ninh Binh to implement its mid-term public investment capital plan for the 2021-2025 period. Therefore, right since the first months of 2024, local departments, sectors, and localities have focused on disbursing public investment capital with the goal of fulfilling over 95% of the assigned plan.

Thanks to its efforts to improve the local investment climate, flexibly apply incentive policies and take breakthrough solutions, Ninh Binh has reaped positive outcomes in investment attraction, thereby creating a momentum for the province's socio-economic development in the coming time.

The Ninh Binh provincial People's Committee has requested departments, sectors, agencies and localities to speed up the disbursement of public investment allocated for 2024.

The disbursement of public investment was reported at nearly 676 trillion VND (27.52 billion USD) in 2023, reaching 95% of the set plan, also the highest level so far. In addition, public investment has been restructured to focus on projects with spillover effects.

Ninh Binh province is accelerating the building, approval and implementation of planning projects, and creating cleared land areas in a bid to attract more investment in industry.

Ninh Binh province has seen positive outlooks in investment attraction thanks to its efforts to improve the local business and investment climate and provincial competitiveness index (PCI) in a bid to attract strategic projects.

More than 3.33 trillion VND (135.5 million USD) of public investment was disbursed in Ninh Binh province in the first nine months of this year, equivalent to 51.7% of the yearly target assigned by the Prime Minister, according to the provincial People's Committee.

The total disbursement of public investment reached 267.6 trillion VND (11.2 billion USD) as of the end of July, fulfilling only 35.49% of the plan set for 2023, but higher than the 34.47% recorded in the same period last year, according to the Ministry of Finance.

Building synchronic infrastructure, improving the quality of workforce, and creating a favourable investment climate are important factors that help Ninh Binh's economy gains important outcomes in the past years.

More than 3.22 trillion VND (136.65 million USD) of public investment capital from foreign sources was disbursed in the first six months of this year, completing 27.2% of the target set for the whole year, according to Truong Hung Long, Director of the Department of Debt Management and External Finance under the Ministry of Finance (MoF).

A series of construction enterprises will benefit from the Government implementing multiple strategic public investment infrastructure projects.

A delegation of the Ministry of Planning and Investment led by its Minister Nguyen Chi Dung on March 30 inspected preparation for Ninh Binh - Hai Phong expressway project and progress of medium-term public investment projects in the period of 2021-2025 in Ninh Binh province.

Though Ninh Binh boasts numerous potential and advantages, the province has still found it hard to attract foreign direct investment (FDI) in agriculture-forestry-fishery. Therefore, Ninh Binh needs to pay due attention and issue particular policies in a bid to draw FDI into the sector, thereby contributing to its rapid and modern development.

Prime Minister Pham Minh Chinh on March 12 chaired a meeting with ministries, sectors and localities, discussing plans to invest in an expressway connecting the northern provinces of Ninh Binh, Nam Dinh and Thai Binh, and another linking Gia Nghia city in the Central Highlands province of Dak Nong and Chon Thanh township in southern Binh Phuoc province.

The provincial People's Committee of Ninh Binh has decided to establish a working group in a bid to accelerate the implementation and disbursement of public investment in 2023.