January 16, 2012
The World Bank agreed Thursday to lend US$ 973.5 million to Vietnam for three poverty reduction and infrastructure projects. The projects are the $613.5-million Da Nang – Quang Ngai Expressway, $210-million Medium Cities Development project, and the $150-million 10th Poverty Reduction Support Credit. “It is the first time that the World Bank is financing an [...]
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December 9, 2011
There are many factors responsible for this, but the key reasons are: poor infrastructure, poor tourism promotion; and weak cooperation between travel agents and service providers. These combine to make tour prices in Vietnam less competitive than those in other countries, Nguyen Cong Hoan, vice director of travel agent Hanoi Redtour, told Thanh Nien [...]
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November 29, 2011
Vietnam needs US$15-16 billion a year for its infrastructure projects Vietnam can only meet half of the capital it needs for infrastructure development and will have to seek more invesment from the private sector, according to a report on the government’s website. The country needs US$15-16 billion a year for its infrastructure projects, but the [...]
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November 25, 2011
A protester holds an image of former president Gloria Arroyo during a protest in front of the Supreme Court in Manila on November 22, 2011. The arrest of former Philippine leader Gloria Macapagal Arroyo for vote rigging has put President Benigno Aquino’s campaign to tackle corruption where he wants it, in the headlines as he [...]
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November 21, 2011
New world title will make no difference until existing infrastructure, services are improved, experts say A tourist boat sails past the stone islands of Ha Long Bay Ha Long Bay, by virtue of being the jewel in Vietnam’s tourism crown, has always been in the spotlight, but the lights have just gotten a lot [...]
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October 14, 2011
The central area of Hanoi, which comprises the four downtown districts of Ba Dinh, Dong Da, Hai Ba Trung and Hoan Kiem, has not seen much development over the past few years, a contrast to the fast growth seen at other new urban areas in the capital city. Modernizing central Hanoi while retaining its [...]
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August 7, 2011
Vietnam hopes new resort complex on southern island will be a major fillip for tourism industry Phu Quoc Island, where the government plans to develop a casino resort With a multi-billion dollar casino project already in motion, hopes are now high in the tourism industry that Phu Quoc will turn into a resort island [...]
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August 5, 2011
A man walks past a factory at the Thang Long Industrial Park outside of Hanoi. Vietnam should only build industrial parks when and where they’re needed, Le Quoc Dung, vice chairman of the National Assembly’s Economic Committee, tells Thanh Nien Weekly in an interview. Thanh Nien Weekly: Why are so many industrial parks not full? [...]
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June 19, 2011
The ongoing capital crunch has had a significant impact on the construction industry, reducing further the competitiveness of local contractors in the domestic market. With most infrastructure projects using foreign capital sources implemented by foreign contractors, their domestic counterparts have been sidelined. Around 150 infrastructure projects are constructed in Vietnam each year, and most [...]
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June 4, 2011
The World Bank will give Vietnam loans totaling US$620 million to aid the country’s efforts to improve infrastructure and address development challenges, according to the bank’s press release issued Tuesday. Â Of the five projects which will benefit from the loans, the plan to scale up and reinforce Vietnam’s electricity transmission system will receive [...]
Tags: challenges, Country, development, Economic development, infrastructure, Infrastructure Development, management, million, Socio Economic Development, socio-economic, The bank, The country, The government, The world, The World Bank, Vietnam, world, World Bank
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