News
Transport plans hasten southern development
Many important transportation works such as expressways and bridges in Ho Chi Minh City and the southern region have increased inter-regional connections and faster pace of development in the southern key economic zone, with Ho Chi Minh City as its centre. The city now has two ...
Ho Chi Minh City needs $603m to clean canals
Ho Chi Minh City will need VND13.5 trillion (US$602.678 million) more for its programme to improve water bodies, which started in 2001 with the aim of cleaning up all canals, the People’s Committee has said. Chairman Nguyen Thanh Phong said the money would be used for ...
Inefficiency slowing development along Lao-Viet border
Human resource development and awareness of self-ownership and self-reliance on the part of local authorities is inadequate and is hindering the progress of grassroots development projects. This finding was reported at a meeting in Vientiane on 19 February to review development progress in areas along the shared ...
Mekong sees worst drought in 90 years
Deputy Prime Minister Nguyen Xuan Phuc has ordered relevant ministries and Cuu Long (Mekong) Delta provinces to prioritise the fight against drought and saltwater intrusion which have severely affected agriculture and fisheries and caused a crippling water shortage. Speaking at a seminar in Can Tho City ...
Vietnam agriculture exports to US likely to surge, ministry official predicts
Vietnam’s agricultural exports to the United States (US) are expected to surge with stable demand from a key market, an official of the government said on 18 February. Le Van Banh, head of the Department of Processing and Trading Agricultural, Forestry, Aquatic Products and Salt under ...
G-bonds to fund infrastructure projects
A total amount of VND14.2 trillion (US$634 million) from Vietnam government bonds, which is the remaining capital from expansion projects on National Highway 1A and Ho Chi Minh Highway passing through Central Highland region, will be used to construct 17 new projects and repair dozens ...
Lam Dong residents concerned after water pipeline ruptures
The authorities of Lam Dong Central Highlands Province have confirmed that the environment was not affected after a water pipeline ruptured, though local residents remain concerned about long term consequences. The pipeline that broke on 13 February is part of the Tan Rai Aluminium Plant, in Loc ...
Vietnam's credit institutions asked to up lending to boost business
State Bank of Vietnam Governor Nguyen Van Binh on 17 February asked credit institutions to boost lending right after Tet (Lunar New Year) in a move to support businesses. Under Directive No819/NHNN-VP, the Governor asked the institutions to effectively enhance their capital mobilisation to be able to ...
Vietnam wants more foreign investors for stock market after bullish year
A better legal framework and a stronger privatization drive of state-owned enterprises are key measures for Vietnam’s securities market to keep attracting foreign investors this year, a senior official has said. Speaking to news website VnEconomy on 16 February, Vu Bang, chief of the State Securities ...
Mekong reels from drought, saltwater
Drought and saltwater intrusion have worsened in the Cuu Long (Mekong) Delta this year, threatening rice crops and the daily life of residents. Le Thanh Hai, deputy director of the National Centre for Hydro-Meteorological Forecasting, said: “Saltwater intrusion [began in] November 2015, one and half months ...
