Public investment disbursement acceleration promotes socio-economic development
Vietnam is speeding up public investment disbursement to push growth, after going through difficult times due to the severe economic impact of Typhoon Yagi.
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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 Politburo has recently asked for opinions of the Party Central Committee regarding the investment policy for a North-South high-speed railway before the Government submits it to the National Assembly at its 8th session.
Deputy Prime Minister Ho Duc Phoc put forward four priority areas for China-ASEAN cooperation at the opening of the 21st China-ASEAN Expo (CAEXPO) and the 21st China-ASEAN Business and Investment Summit (CABIS) in Nanning city, Guangxi, on September 24.
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 Ministry of Planning and Investment recently presented to the Government three economic growth trajectories for 2025, with the highest rate forecast at 7.5%.
About 14.15 billion USD worth of foreign direct investment (FDI) was disbursed in the first eight months of this year, up 8% year-on-year, marking the highest for an eight-month period over the past five years, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
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.
To facilitate the supporting industry's growth and implementing the provincial Master Plan in the 2021-2030 period, with a vision to 2050, the northern province of Ninh Binh has paid heed to developing industrial parks and clusters, building and implementing programmes on technical infrastructure investment in the supporting industry to promote internal strengths and ensure sustainable development.
Foreign investors registered to put in more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year, according to the latest updates of the Foreign Investment Agency.
An Phú Thịnh Investment tự hào giới thiệu dự án nổi bật Tiến Lộc Garden. Đây là khu đô thị đẳng cấp mang đến cho quý cư dân không gian sống hiện đại, tiện nghi và phồn vinh bậc nhất tại cửa ngõ Sân bay Quốc tế Long Thành. Dự án tiêu biển này được công ty đầu tư xây dựng mạnh mẽ và phát triển bền vững.
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.
There are factors that strongly drive the growth of Vietnam's foreign direct investment (FDI) attraction in the second half of this year and there will be interesting surprises waiting ahead, said Chairman of the Vietnam's Association of Foreign Invested Enterprises (VAFIE) Prof. Dr. Nguyen Mai.
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.
A delegation of government members led by Tran Van Son, member of the Party Central Committee, Minister-Chairman of the Government Office, had a working session with Ninh Binh's leaders on the production and business situation, public investment, infrastructure development and export-import in the province.
Chairman of the Ninh Binh provincial People's Committee Pham Quang Ngoc on June 24 paid a field trip to inspect preparations for investment and site clearance for the building of a section of Ninh Binh - Hai Phong expressway.
The Ninh Binh - Hai Phong expressway's section running through Ninh Binh province has a total length of 25.3 kilometers with four lanes and a designed maximum speed of 120 kilometers per hour. It has total investment capital of over 6.97 trillion VND (295 million USD).
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 East-West road project has total investment capital of more than 1.9 trillion VND and is seen as the largest-scale transport project approved by Ninh Binh province so far.
Ninh Binh commits to providing the most favourable conditions for all foreign investors and businesses, including French ones, to explore investment opportunities in the northern locality, Vice Secretary of the provincial Party Committee and Chairman of the People's Council Mai Van Tuat has said.
The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).
Prime Minister Pham Minh Chinh on May 4 chaired the Government's regular meeting to review the socio-economic situation in April and the first four months of 2024, public investment allocation and disbursement, and the implementation of the three national target programmes.
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.
The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).