Vietnam needs 20-30 billion USD investment for universal clean water access
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.
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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 Ninh Binh provincial People's Committee has asked departments, sectors, and People's Committees of districts and cities to enhance the management and development of industrial clusters, and increase inspections and settlement of violations related to construction investment and land issues.
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.
A delegation of Ninh Binh province led by Secretary of the provincial Party Committee Doan Minh Huan on February 29 had a working session with the Ministry of Information and Communications, focusing on innovation and investment attraction in order to turn Ninh Binh into a hub of innovation and creativity.
Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)'s Foreign Trade Agency.
Prime Minister Pham Minh Chinh on February 5 chaired a working session with the Commission for Management of State Capital at Enterprises (CMSC) and 19 groups and corporations under the commission's management to look into their production and business plans for 2024 and measures to promote socio-economic development investment in the year.
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.
Vietnam had attracted more than 2.36 billion USD in foreign direct investment (FDI) as of January 20, an increase of 40.2% over the same period in 2023, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
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.
Competent Vietnamese agencies are formulating additional breakthrough support policies aimed at luring strategic investors amid fierce competition in foreign investment attraction and the imposition of the 15% global minimum tax in 2024, reported Dau Tu (investment) newspaper.
During the 35-year journey of attracting foreign direct investment (FDI), Vietnam has continuously improved institutions and preferential policies, effectively attracting and managing domestic and foreign investment resources. The expansion of economic diplomacy activities of the Party and Government in recent times has created more opportunities for Vietnam to attract high-quality capital flows into new industries.
The country attracted nearly US$36.61 billion in foreign direct investment (FDI) from January to December 20, representing an increase of 32.1% against the same period from last year, according to statistics compiled by the Foreign Investment Agency.
The Ninh Binh provincial People's Council has just issued a resolution on the investment policy on building a section of Ninh Binh - Hai Phong expressway running through the province with total investment of more than 6.86 trillion VND (281.8 million USD).
In recent years, Ninh Binh has effectively mobilised social investment capital for the province's socio-economic development.
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.
A delegation from the Government, led by member of the Party Central Committee, Minister-Chairman of the Government Office Tran Van Son, had a working session with Ninh Binh's leaders on October 18 and 19, focusing on production, business, public investment, infrastructure building, and import-export in the province.
Ninh Binh has defined that building infrastructure is one of three breakthroughs in the province's socio-economic development in the period of 2021-2025. Provincial leaders have urged administrations at all levels and sectors to speed up construction of key transport projects, thereby contributing to developing infrastructure and accelerating public investment disbursement.
The Ministry of Planning and Investment has outlined three potential economic growth scenarios for 2024, with the highest GDP growth rate forecast at 6.5%.
Prime Minister Pham Minh Chinh, together with leaders and officials of China and ASEAN countries, attended the opening ceremony of the 20th China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit (CABIS) in Nanning city, China's Guangxi province, on September 17 morning.
Prime Minister Pham Minh Chinh on September 14 chaired a meeting between Cabinet members and State-owned enterprises (SOE) across the country on the promotion of business, production and development investment.
In order maintain "ASEAN's stature" as "the epicenter of growth", the bloc's self-reliance must be enhanced through promoting economic linkages, expanding internal markets, and easing trade and investment flows.
A record number of 103,658 new firms were established in the first eight months of this year, a rise of 2.3% year on year and 1.2 times higher than the average number for the same period during 2018-2022, reported the Ministry of Planning and Investment (MPI).