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Huge public investment in industries and regions


Huge public investment in industries and regions
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 26/07/2021
  
10:03
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According to the public investment plan in the period 2021-2025, the total state budget capital allocated for this period is VND2.87 quadrillion, not VND2,750 trillion as being reported to the 10th session of the 14th National Assembly.
According to the report on the implementation of medium-term public investment plan for the 2016-2020 period and the plan for the 2021-2025 period, about 4,979 projects will be carried out in the 2021-2025 period, a reduction of more than half compared to the number in the 2016-2020 period, including 2,236 projects to be newly launched. ....

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German newspaper analyses reasons behind Vietnam's tourism growth


German newspaper analyses reasons behind Vietnam’s tourism growth
Tuesday, 2021-05-04 09:35:57
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NDO/VNA - German newswire Finanzen.net has published an article on Vietnam’s economic achievements despite COVID-19 and explaining reasons behind the nation’s tourism growth.
The article said Vietnam has strongly emerged from the COVID-19 pandemic. With a population of 95 million, the nation was still able to contain the pandemic earlier than many developed countries, and only a few deaths have been recorded so far.
It cited an analysis from James Johnstone, an expert from RWC Partners, that in 2020, although travel restrictions and border closures severely impacted the tourism industry, Vietnam showed a faster recovery than other countries in the region. The outcome was attributable to the number of domestic visitors, which is forecast to continue supporting the growth of the local tourism. ....

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Raft of developments far behind schedule


Raft of developments far behind schedule
18:00 | 22/12/2020
The approval of the proposed merger of districts 2, 9, and Thu Duc in Ho Chi Minh City is hoped to open doors for local economic growth, in the real estate sector in particular. However, weaknesses in infrastructure and long-delayed property projects remain the biggest obstacles to success.
Thu Duc City is planned to develop into Ho Chi Minh City’s new creative urban and financial hub, photo Le Toan
Tran Quang Lam, director of Ho Chi Minh City Department of Transport, said that the future Thu Duc City would demand about VND300 trillion ($13 billion) to upgrade transport infrastructure. Of this, roads are forecast to occupy about VND135 trillion ($5.87 billion), railways and buses will need more than VND140 trillion ($6.08 billion), and waterways will require about VND24 trillion ($1.04 billion). ....

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