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Hanoi metro line 2: Addition of $708 million is requested despite ten years of delayed progress

To accelerate the prolonged project, Hanoi People’s Committee has proposed the Prime Minister to review and report to the National Assembly for approving the adjustment of capital increase at the the meeting scheduled to be held in May 2018.

EU offers Vietnam €108 million to supply electricity to rural areas

The €108-million EU-Vietnam Energy Facility, funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) in the form of a non-refundable ODA grant, has been officially started.

Korea offers US$1.5 billion ODA loans to Vietnam

Minister of Planning and Investment Nguyen Chi Dung and South Korean Ambassador Lee Hyuk signed the Framework Arrangement regarding US$1.5 billion loans from the Economic Development Cooperation Fund (EDCF) for the 2016-2020 period.

Quang Ninh calls for investment into infrastructure projects amounting to over US$3 billion in Van Don special economic zone

Quang Ninh has issued a call for investment in three projects in Van Don special economic zone, including an expressway, a general port and a tariff-free trading area. The total amount of investment needed is over US$3 billion.

ODA and preferential loans disbursed at US$1.5 billion only in first six months falling behind schedule

Prime Minister stressed that in 2017, for projects, ODA and preferential loans which have not been disbursed or under procedures, will be cut off and transferred to the government and localities to meet the disbursement plan as approved.

Hanoi: 6,000ha of land for 10 city metro projects

To raise over US$40 billion for 10 city metro projects, Hanoi asked permission from the Government for allocating ODA, auctioning special-use land funds and, notably, planning another land area of 6,000ha as counterpart funds for the investors.

HCM City urged to improve transport infrastructure

Deputy Transport Minister Nguyen Ngoc Dong said HCM City’s infrastructure projects had lots of problems during a meeting with Prime Minister Nguyen Xuan Phuc on June 23.

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