Chủ đề: investment

The Hanoi People’s Committee has identified 25 problems relating to the implementation of three groups of investment projects - public investment projects, business investment projects, and public-private partnership (PPP) projects - and brought them to the attention of the special working group reviewing and removing difficulties and obstacles and promoting the implementation of investment projects. Hanoi also proposed solutions to resolve the problems.

South Korean side to immediately promote procedures to invest in smart urban projects, services and golf courses in northern province.

Hai Phong is planning to invest in the construction of a political-administrative center in the Northern Cam River urban area with traffic networks and technical infrastructure. With a total area of nearly 9 ha, the project has investment of more than VND2.252 trillion ($98.54 million) and is expected to be completed in the fourth quarter of 2025.

Investment in financial technology companies is likely to continue to flow in the third quarter of 2021.

$241.67 million in investment to be used to raise passenger and cargo capacity.

The Mekong Enterprise Fund IV (MEF IV) has invested $10.2 million in Rever.

$24.85 million project upgrading navigation channel to ports in Nam Nghi Son area given go-ahead.

The Prime Minister has approved an adjustment to reduce the total investment in the “Sustainable Development of Da Nang City” project from $272.13 million to $267.5 million, with a World Bank loan of $160.5 million and counterpart capital of $107 million. Implementation is from April 2013 to June 30, 2021, but most components are behind schedule due to many reasons. Da Nang has therefore requested an extension to the project schedule.

Problems in site clearance were behind delays at nearly 60 per cent of public investment projects that fell behind schedule last year. Separating the site clearance and resettlement process from investment projects is considered an important solution in removing this long-lasting bottleneck that slows down public investment.

A proposal has been made to invest VND90.4 trillion ($3.85 billion) in Hanoi’s inter-regional Ring Road 4, with a length of 110 km. This is a crucial route running through 14 districts in the capital and Hung Yen and Bac Ninh provinces.

A central coastal urban development project was approved by the government on August 11. It consists of two components, to be implemented over four years with total investment of €42.23 million ($49.70 million), with a French Development Agency (AFD) loan of €33.8 million ($39.67 million), a non-refundable ODA loan of €1.36 million ($1.59 million), and counterpart funding of $8.3 million.

The Department of Planning and Investment in north-central Nghe An province is inviting investors to implement the Bac Nghi Kim urban area and Nghi Kim residential area projects in the provincial capital Vinh. The goal is to build a new urban area on a total area of nearly 18 ha in the city with a total construction cost of about VND1.2 trillion ($52.27 million). Investment categories include a social housing area, a supermarket, a service area, public works, garden villas, and adjacent houses.

Active funds saw a net withdrawal of $191.6 million in the first seven months of 2021, while exchange-traded funds (ETFs) saw a net withdrawal of nearly $700 million. Vietnam is still receiving the most foreign capital in Southeast Asia. August ETF inflows, however, are likely to be weaker than in July. Some experts believe that this is due to the risk of inflation and the ongoing pandemic.

FDI declined in both registered capital and disbursement in the first seven months of 2021, revealing issues stemming from the inability of investors to travel during Covid-19. Vietnam must therefore make appropriate adjustments to FDI attraction policies, with a roadmap in place for resuming economic cooperation, travel, and tourism with other countries.

The Prime Minister has issued Decision No. 1384 approving the investment policy for a project in central Quang Tri province upgrading and expanding part of National Highway No. 9 from Cua Viet Port to National Highway No. 1. The project will be implemented in 2021-2022 and has total investment capital of $19.05 million, including a loan from the World Bank’s International Development Association (IDA) of $6.75 million and counterpart funding of $2.3 million.

Urban resort real estate became more popular in the first seven months of 2021 as other real estate segments lost some of their appeal during the pandemic. Dr. Tran Nguyen Minh Hai, a real estate specialist from the Banking University, pointed out that there are three reasons the sector will still boast potential over the next five years. The pandemic has resulted in rising demand for healthcare resorts, customers have lost interest in traditional forms of tourism during the pandemic, and the recent falls in the stock market have made investors view resort real estate as a safer investment channel.

The Van Don District People’s Committee in the northern province of Quang Ninh will adjust policies for many residential investment projects within the medium-term public investment plan for the 2021-2025 period. It suggested adjusting planning for existing residential projects, approved new projects in 2021, and added a medium-term public investment portfolio for the 2021-2025 period.

Deposits by economic organizations into banks increased sharply in the first half of the year. According to experts, the new outbreak of Covid-19 in April resulted in many enterprises temporarily suspending operations, with money previously set aside for production being transferred to banks to earn interest. Figures from Vietnam Securities Depository (VSD), meanwhile, show that, as of the end of June, domestic investors had more than 3.39 million securities accounts, equal to 3.5 per cent of the population.

An online conference on the disbursement of ODA and foreign concessional loans this year is to be held in August and be chaired by Deputy Prime Minister Pham Binh Minh. The conference will discuss difficulties and obstacles in the preparation, implementation, and disbursement of programs and projects and propose specific solutions to accelerate the disbursement of foreign capital over the remaining months of the year.

South Korea’s Mirae Asset plans to cooperate with the DEOCA Group and invest in its transport infrastructure projects, such as the Dong Dang - Tra Linh, Huu Nghi - Chi Lang, and Tan Phu - Bao Loc highways. It has also expressed interest in other projects DEOCA is managing and operating through the acquisition of toll collection rights.