More than 6.5 trillion VND (309 million USD) from the State budget will be spent in developing the cinema industry nationwide from now to 2020, according to the Department of Cinematography. Under the plan, 57 cinema complexes will be built, including two larger cinema complexes with 1,500 seats each in Hanoi and HCM City. At least 49 State-owned cinemas, most of them located in provinces, will be upgraded with quality facilities and more beautiful decor. According to screenwriter Nguyen Thi Hong Ngat, former deputy director of the Department of Cinematography, the Government should allocate more money to the industry because of its "increasing prosperity in recent years". She said the outdated cinema system owned by the Government was one of many major challenges that the film industry needed to overcome. "We also need to improve our management before spending more money on new cinemas," said Ngat. According to a recent survey by the Department of Cinematography, the country has … [Read more...] about Government invests in cinema industry DTiNews
New law regulates Government investment in public projects (30-08-2007) HA NOI — The Ministry of Investment and Planning, in collaboration with the Government Office, introduced the draft Law on Public Investment at a meeting in Ha Noi yesterday. "The Law on Public Investment will complete the country’s legal system on investment," director of the ministry’s Investment Supervision Department Cao Van Ban told participants at the meeting. He defined public investment as any funds not for trading purposes but money that the State allocates from its budget to invest in industries and areas which serve the public interest. According to Ban, this portion of investment is mainly from the State budget, accounting for more than 22 per cent of total social investment during 2000-2005, and forecast to be nearly 20 per cent during 2006-2010. "Saving and effectively using public investment is a crucial and urgent demand in controlling the State budget," Ban said. Yet, Ban noted … [Read more...] about New law regulates Government investment in public projects
A target of one million startups by 2020 is going to need some serious funding. Vietnam recently launched an ambitious plan to transform the country from an offshore manufacturing hub for foreign companies into a major player in the global digital economy. In doing so, the government has adjusted business policies to pivot around small and medium-sized companies and encouraged the startup boom. There is no question that one of the challenges facing startups is to find the capital they need to get their ideas off the ground. There have been mixed opinions about whether or not the Vietnamese government should turn itself into a venture capitalist to support early-stage startups. Some experts don’t think that putting the government in charge of deciding which business ideas get funding and which don’t is a good idea. The Becamex Technology Innovation Center (TIC) in Binh Duong Province, just north of the country’s commercial hub Ho Chi Minh City, was launched in … [Read more...] about Should the Vietnamese government invest in startups?
To make sure every school class in Viet Nam has its own space, the Prime Minister, Nguyen Tan Dung, has approved the building of 5,000 classrooms and homes for teachers by 2015. In 2020, the Government will again assess the need. Tran Phu Primary School in HCM City. Some 5,000 rooms will be built to serve as classrooms and public houses for teachers by 2015. At present, some classes have to share their rooms. Other functional rooms, such as clinics, multi-purpose classrooms, libraries and equipment rooms, will be built under the project. To organise the project, including setting aside land and finance, the Ministry of Education and Training will co-ordinate ministries and sectors, including the provincial People's Councils and the Viet Nam Fatherland Front. The ministry will also help local authorities survey the regional need for classrooms. Local authorities will be expected to manage building efforts using local budgets and supplementary funding from the Government. … [Read more...] about Government invests in classrooms
(Cinet)- The Government is expected to invest about VND600 billion ($29 million) in developing sports during 2013 as a preparation for a busy year of tournaments as well as competitions at coming international events. 2013 is the break-through year of Vietnam’s sports and the sport sector must have a drastic change to have the long-term preparation for the future.The biggest event on the calendar will be the 27th Southeast Asian Games in Myanmar in December. Ministry of Culture, Sports and Tourism has decided to spend nearly VND600 billion (around $30 million) in developing sports in 2013, including over VND146 billion to prepare for the 27th SEA Games this year.The investment will not be spread as widely across all sports, as was the case in the past. According to Lam Quang Thanh, Deputy Head of the National Sport Administration, more than 46 billion VND will be spent on preparations to compete at the Games as the competition is regarded as a valuable chance to improve … [Read more...] about Government invests into Vietnam’s sports about VND600 billion