Deputy PM requires to speed up key traffic projects

In the past time, effective investment promotion and business support have contributed to increasing the appeal of the investment environment and, more importantly, attracting many investors to Soc Trang province. The following interview with Ms Huynh Thi Ngoc Huong, Director of the Soc Trang Investment Promotion and Business Support Centre, will shed light on this issue. Hoang Lam reports. Soc Trang province possesses numerous advantages to attract investors. What are those advantages? Apart from the potential for agricultural development, industry and service are also the province’s strengths in investment attraction. Many big projects have been licensed into the province, including Long Phu 1 thermal power plant invested by Vietnam National Oil and Gas Group (PetroVietnam), Lac Hoa wind power plant (first phase) invested by Technology Development Construction Joint Stock Company (TDC), garment and textile projects invested by Tuntex Company, Best Way Company and Youngone Nam Dinh Co., Ltd. They have actively contributed to local Socio-economic development and created jobs for tens of thousands of workers. Besides, many other companies and investors are applying for investment projects in the province, for example Long Phu 2 thermal power plant invested by TATA Power Group (India), a wind power plant invested by Phu Cuong Group, Cong Ly wind power plant invested by Cong Ly - Construction - Trading - Tourism Co., Ltd. Furthermore, trade and tourism are also huge potential of Soc Trang to attract domestic and foreign investors. In addition to diverse resources for economic development, the Provincial Party…... [read more]

Despite many difficulties, the city achieved impressive socio-economic outcomes in 2016 with a GDP share of 8.05%, accounting for more than 23% of the GDP of the nation. Ho Chi Minh City also posted a budget revenue of over VND303.8 trillion (US$13.37 billion), an increase of 10.8% over the same period in 2015, accounting for over 30% of the total national revenue. The city saw more than 36,000 newly established enterprises in 2016, a rise of 12.7% over the previous year, as well as major investment in high-tech zones. The city also completed the supply of clean water for its locals, in addition to maintaining social order and security. Last year, the city welcomed more than five million international visitors. According to the Chairman of the municipal People's Committee Nguyen Thanh Phong, the city will concentrate on restructuring its economy, improving the investment environment and encouraging start-ups in 2017. Developing the infrastructure system; reducing traffic congestion, floods, and environmental pollution; and ensuring food safety are also among the city's targets this year. The city will prioritise the development of processing and manufacturing industries, support industries, high-tech industries and environmentally friendly industries. It also set a target of having an additional 50,000 new enterprises this year and will, along with preferential policies, provide around VND1 trillion (US$44 million) to enterprises. In 2017, the city will implement practical and drastic measures to meet the budget revenue target, as it was assigned to collect over VND347.8 trillion (US$15.3 billion) in revenue, an increase…... [read more]

Huge budget needed for key traffic projects By Thuy Dung - The Saigon Times Daily HANOI – Vietnam will need a hefty VND800 trillion, or nearly US$40 billion, for the development of key traffic projects from now to 2015, with seaport development taking the spotlight, said an official of the Ministry of Transport. The huge capital amount is necessary for expressway, aviation, railway and seaport projects, said Pham Thanh Tung, head of the International Cooperation Department under the ministry, at a seminar held in Hanoi on Monday. The seminar is aimed to introduce Belgian know-how in port development, logistics and transport. Speaking at the seminar, Deputy Minister of Transport Ngo Thinh Duc said there are 24 seaports of various scales along the 3,200-kilometer coastline of Vietnam. The investment capital in seaports accounts for 30-40% of the budget for the transport sector. The throughput volume of cargo at ports currently makes up 15% of the total goods volume. The cargo volume has sharply surged by over 200% against 2000 and still continues the uptrend. The seaport projects to be rolled out from now to 2015 include the Cai Mep-Thi Vai port complex in Ba Ria-Vung Tau worth US$100 million, Danang International Port and Van Phong International Transshipment Port. Private investors are prioritized to develop these projects under the format of public-private partnership (PPP). Duc said Belgium is known for its advanced technology for seaport exploitation and construction. Therefore, Vietnam hopes to learn the experience from Belgium to avoid port congestion in…... [read more]

City infrastructure projects struggle to find investors Le Anh By Le Anh - The Saigon Times Daily HCMC – Infrastructure projects under the formats of build-operate-transfer (BOT), build-transfer (BT) and public-private partnership (PPP) in HCMC now are facing difficulties as investors are shying away due to concerns over low business efficiency. The issue was discussed at a meeting on Tuesday between the HCMC Department of Transport and the municipal People’s Council’s Budget Economic Commission reviewing this year’s capital construction in the traffic sector. At the meeting, Nguyen Thi Hien Luong, deputy director of the department, said this year’s State budget for capital construction is about VND3 trillion, official development assistance (ODA) loans some VND2.1 trillion and other sources roughly VND3.9 trillion. As the city’s government is only able to arrange more than half of the planned capital amount from the budget, it is calling for investors to join forces to realize the schemes. The city is currently trying to attract investment into infrastructure projects under BOT, BT or PPP but investors are lukewarm to such investment formats. Regarding the BOT format, it is not feasible to set up more toll collection stations for investors to recoup capital in the context of multiple stations having already been operational in the city. As for BT projects, the city already ran out of land resources set aside for investors for investment recovery while the city cannot afford high interest rates if it is to reimburse capital to investors. The solution with PPP is…... [read more]

Key traffic projects move slowly though fully funded Le Anh By Le Anh - The Saigon Times Daily HCMC – Despite a stricter control on public investment, the Ministry of Transport last year gave sufficient funds to the key traffic projects, but they are still moving at a snail’s pace. Behind schedule The majority of the slow-moving projects are large-scale expressway projects, according to the Transport Engineering Construction and Quality Management Bureau under the transport ministry. Many projects have got going when fully funded but failed to keep to their schedules. Previously, these projects suffered financial distress, but now they face the lack of sites for development. The Hanoi-Haiphong Expressway is one of the slow-moving projects. After three years of construction, there is one package only 20% completed and a few others 45%. Site clearance cannot be carried out at certain points along the route, making contractors unable to fulfill their jobs. Another reason for the slow progress is technical design adjustment. Similarly, the Noi Bai-Lao Cai Expressway project got off the ground in September 2009, but the project owner, Vietnam Expressway Corporation (VEC), said only 26.4% of the workload had been done and 26.7% of the contract value had been disbursed. Site clearance is assigned to related localities. However, there are still many bottlenecks, especially in Vinh Phuc Province, according to the transport ministry. As for the Nhat Tan Bridge project in Hanoi, the Japanese contractor Tokyu has recently demanded the project owner to pay a compensation of VND200…... [read more]

Funds prioritized for key traffic projects in city Anh Quan By Anh Quan - The Saigon Times Daily HCMC – HCMC this year will focus on key traffic projects, including 16 new projects and 12 ongoing projects. On the priority list are the steel overpasses at major intersections in a bid to reduce traffic congestion. The overpasses at Cay Go Roundabout in District 11, Ba Thang Hai-Nguyen Tri Phuong crossroad in District 10 and Cong Hoa-Hoang Hoa Tham crossroad in Tan Binh District will be completed within this year. The important projects that have been moving at a slow pace, such as Provincial Road 10 expansion, Thanh Da Canal landslide prevention and Nguyen Thi Thap Street upgrade, will have to be completed in 2013, said the HCMC government at a meeting on Monday. As for the projects financed by other sources than the city’s budget, several of them are being developed on schedule. For instance, the Saigon Bridge 2 project is being built by the HCMC Infrastructure Investment Co. (CII) and will be finished late this year. The ODA-funded projects like the metro lines no. 1 and no. 2 and the second phase of the Soai Rap River dredging project are also asked to accelerate implementation. HCMC will spend over VND3 trillion on the 16 new traffic projects in 2013. The total fund for the key traffic projects in the city, including non-budget funds and ODA, is more than VND145 trillion. Tat Thanh Cang, director of the HCMC Department of…... [read more]

City focuses on 23 traffic projects in 2013-15 Le Anh By Le Anh - The Saigon Times Daily HCMC – HCMC focuses on only 23 key traffic projects in the period from now to 2015, according to a decision on adjustments to the city’s traffic development plan until 2020 made by the Government last week. Most of the key traffic projects in the period 2013-2015 are road projects. They include construction of the road from An Phu Intersection to the Belt Road No. 2 with four lanes and expansion of the National Highway 1 section in HCMC. The north-south road from Ong Lanh Bridge to Nguyen Van Linh Street with 4-8 traffic lanes and the east-west road connected to HCMC-Trung Luong Expressway with six lanes are also given priority. In addition, the Tan Son Nhat-Binh Loi road (6-8 lanes), the second phase of Provincial Road 25B (10 lanes) and Luong Dinh Cua Street (four lanes) will be implemented from now to 2015. In this period, the new Mien Dong, Mien Tay and Da Phuoc coach stations will be built, together with a number of car parks in the downtown areas. As for metro projects, HCMC focuses on only the Metro Line No. 1 and the first phase of the lines no. 2 and no. 5. Three rapid bus transit lines, including line no. 1 along the East-West Highway, line no. 2 linking Mien Tay Coach Station, Nguyen Van Linh Street and Phu My Bridge and line no. 4 from Kha…... [read more]

The Ministry of Transport and the Southwestern Region Steering Committee yesterday held a seminar on calling for social contribution to develop transport infrastructure and logistics in the Mekong Delta with the participation of Deputy PM Vuong Dinh Hue. Representatives of the Ministry of Transport reported that the government had paid much attention on developing transportation system in the region with a lot of big projects including the expressway HCMC-TPHCM- Trung Luong, bridges Can Tho, Ham Luong, Rach Mieu, Co Chien, and Nam Can, the National Highway 1A through provinces in the Mekong Delta.The transportation system in the region was improved remarkably and contributed to promoting the region’s socio-economic growth, they said. However it still lags behind the country’s general picture and the region’s demand.The region’s river traffic takes up 70 percent of the country’s river traffic yet it is not fully exploited. Upon sea transportation, around 80 percent of export items of the Mekong Delta must go through ports in Ho Chi Minh City and its neighboring province of Dong Nai leading to increase cost and low profit.It is urgent to speed up sea transportation in the next time, they said.39 more road projects will be undertaken in the region during the period of 2016-2020 and the region will need VND73,033 billion (US$ 3.3 billion), 23 maritime traffic projects will be carried out, costingVND18,006 billion (US$807,209,167); 12 projects on river traffic will cost VND11,027 billion (US$ 494,340,432). The government will invest in radar station and improve Phu Quoc Airport in…... [read more]

PM approves gender-based violence prevention projectThe Prime Minister has given the nod to a project on gender-based violence (GBV) prevention and control for 2016-2020 with a vision towards 2030, prioritising sectors and localities experiencing the prevalence of or facing high risks of GBV. The project aims to raise awareness, capacity and responsibility of all-level authorities, agencies and organisations concerned, and the community in the struggle against GBV, with attention paid to vulnerable groups and those likely to commit violence. By 2020, it is expected all GVB victims will be detected and receive timely support. The project targets the completion of mechanisms and policies on GBV prevention and control by 2030 in order to increase law enforcement and ensure that GBV prevention and control services are rolled out nationwide, gearing towards a safe, equal and violence-free environment. Of note, a model of cities that are safe and friendly towards women and girls will be launched in a bid to ensure public safety. National statistics show that 58 percent of married women have experienced at least one form of domestic violence in their lifetime, while 87 percent did not seek any assistance from authorities or public services. Talent campus opens for young filmmakers Young filmmakers have been invited to join Talent Campus, a part of the biennial Hà Nội International Film Festival 2016 (HANIFF). The HANIFF Talent Campus brings emerging talent and seasoned film professionals together and offers them a platform to discover new horizons, find fellow filmmaking collaborators and discuss new…... [read more]

Viet Nam News CÀ MAU - The traffic sector would prioritise projects of overriding importance to further the province's socio-economic development, a local official said. Deputy Head of the southernmost Cà Mau Province's transport department, Lê Thành Huấn, said, that thanks to limited financial resources, the sector would focus on key projects in accordance with the province's socio-economic master plan to 2020 with a vision to 2030 approved by the government. Accordingly, the province will accord priority to projects such as a major traffic axis connecting the east and west of the province; upgrade and expand the Tắc Thủ - Rạch Ráng - Sông Ðốc traffic route, the U Minh - Khánh Hội road, and Năm Căn - Hàng Vịnh road; in addition to connecting traffic routes with highways running through Cà Mau City, and build the Southwest ring road, among others. Also, the province will speed up traffic and irrigation projects along the West Sea dyke and complete the road-bed for the dyke system along the East Sea. The province will proceed with projects using local funds to build a number of key bridges, such as the Bạch Ngưu Bridge in Thới Bình District, and the Nhị Nguyệt and Xóm Ruộng bridges along the Lương Thế Trân-Đầm Dơi line. To facilitate the inland waterway management and orientation for socio-economic development, defence and security, the provincial People's Committee recently approved a detailed plan for the local inland waterway to 2020 with a direction to 2030, the Vietnam News Agency reported.…... [read more]




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