Gross capital formation in the last three years in the Mekong Delta city of Can Tho was VND157 trillion (US$6.82 billion).– Photo enternews.vn Gross capital formation in the last three years in the Mekong Delta city of Can Tho was VND157 trillion (US$6.82 billion). Public investments accounted for VND56.6 trillion ($2.46 billion), private capital for VND 96.1 trillion ($4.2 billion) and foreign money for the remaining VND4.1 trillion ($178 million). “These have contributed to sustaining the economic growth of the city at 7.56 per cent each year,” Nguyen Van Hong, director of the city’s Department of Planning and Investment, told Viet Nam News Agency. By the end of this year the city’s economy is expected to be 1.4 times the size it was in 2015, with a per capita income of VND80.5 million ($3,500). The poverty rate has dropped from 5.12 per cent in 2015 to 1.55 per cent now. All this has been possible due to proper investment in education, healthcare, … [Read more...] about Investment in infrastructure, socio-economy pays dividends for Can Tho
Infrastructure
Most disadvantaged communes have infrastructure and production improved
Workers on an irrigation project in Cao Tân Commune in the northern mountainous province of Bắc Kạn. — Photo backan.gov.vnViet Nam News QUẢNG NINH — More than 9,100 infrastructure projects have been built and nearly 3,300 others have been maintained in some of the countries most disadvantaged communes over the past three years thanks to Programme 135. The projects involving transport, irrigation, schools, healthcare centres, water supply, power and other fields have helped improve the living standards and production of ethnic minority people living in the most disadvantaged areas of Việt Nam. Programme 135 - Programme for Socio-economic Development in Specially-disadvantaged Communes in Ethnic Minority and Mountainous Areas - was launched 20 years ago by the government. The programme is in its third phase from 2016 to 2020, with 2,139 communes in 46 provinces across the country benefitting. Programme 135 has been part of a major … [Read more...] about Most disadvantaged communes have infrastructure and production improved
Most disadvantaged communes see better infrastructure
The projects involving transport, irrigation, schools, healthcare centres, water supply, power and other fields have helped improve the living standards and production of ethnic minority people living in the most disadvantaged areas of Vietnam. Workers on an irrigation project in Cao Tan Commune in the northern mountainous province of Bac Kan. (Photo: backan.gov.vn) Programme 135 - Programme for Socio-economic Development in Specially-disadvantaged Communes in Ethnic Minority and Mountainous Areas - was launched 20 years ago by the government. The programme is in its third phase from 2016 to 2020, with 2,139 communes in 46 provinces across the country benefiting. Programme 135 has been part of a major poverty reduction drive in Vietnam that has received priority and support from the government, development partners and international organisations. In 2016, Programme 135 was included in the national target efforts for sustainable poverty reduction during 2016-2020. … [Read more...] about Most disadvantaged communes see better infrastructure
Singapore promotes Asian infrastructure construction
Singaporean Finance Minister Heng Swee Keat (Source: AFP) Hanoi (VNA) – Singaporean Finance Minister Heng Swee Keat announced the launch of Infrastructure Asia at the eighth Asia-Singapore Infrastructure Roundtable on October 23. In his opening address, Heng said the new government agency will serve as a bridge for different industry players across the infrastructure ecosystem, multilateral development banks, and the public sector. It will work closely with the private sector, governments, and commercial and multilateral development banks to provide customised solutions to meet the specific needs and requirements of each local market. The agency is also expected to be a one-stop platform for the information exchange and sharing of best practices in Asia. At the roundtable, Infrastructure Asia signed two memoranda of understanding with the World Bank (WB) and the Singapore Business Federation. According to a publication released by the Asian Development Bank (ADB) … [Read more...] about Singapore promotes Asian infrastructure construction
Vietnam’s infrastructure growth hinges on profitability, funding
Vietnam has an ambitious master plan that aims at complete transformation of the nation’s sluggish infrastructural platforms, so as to attract investment and business, promote its industrial hubs and increase its GDP. According to Asian Development Bank (ADB), Vietnam is among the top in terms of infrastructure development, with average infrastructure investment taking up 5.7 percent of the GDP in recent years, the highest in Southeast Asia. The expansion of the nation’s road network is currently facing financial troubles. Against the cost estimate of $134 billion, only $99 billion has been earmarked so far. The latest Global Infrastructure Outlook has estimated that Vietnam will only meet 83 percent of its infrastructure needs by 2040. Looking at some of the major projects and markers of Vietnam’s infrastructure development can give us an idea of the challenges and opportunities that lie ahead. The big ones Pursuant to the prime ministerial Decision No.631/QD-TTg in … [Read more...] about Vietnam’s infrastructure growth hinges on profitability, funding