Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Public investment disbursement acceleration helps promote economic growth
Prime Minister Pham Minh Chinh has requested ministries and sectors speed up administrative reform and disbursement of public investment, towards promoting economic activities to create jobs and livelihoods for people.
 |
| Public investment disbursement acceleration helps promote economic growth |
According to the Ministry of Planning and Investment (MPI), in the first quarter of 2023, over 73.19 trillion VND (3.1 billion USD) was pumped into the economy, equivalent to 10.35% of the plan assigned by the Prime Minister, lower than the 11,88% in the same period last year.
Up to 30 ministries and centrally-run agencies have yet to disburse public investment while the remainder’s disbursement was below the national average, said MPI Minister Nguyen Chi Dung.
The slow disbursement was attributed to the incomplete investment procedures of some projects.
Experts said it is necessary to speed up public investment - the motivator for economic growth. They stressed that amidst the global decline in demand affecting Vietnam's exports, accelerating the disbursement of public investment is an important and effective solution to improve the competitiveness of the Vietnamese economy and boost growth.
Minister Dung requested ministries, sectors, and localities accelerate the detailed allocation of capital plans, and take measures to separate compensation and site clearance tasks from investment projects, thus speeding up the implementation of projects./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
