Tuesday, November 19 2019


City seeks ADB loans for infrastructure

Update: June, 05/2014 - 09:21
HCM City People's Committee wants the Ministry of Planning and Investment to add several of its infrastructure projects to a list of projects to be funded by the Asian Development Bank between 2015 and 2017.

They are estimated to cost around US$1.2 billion.

The city needs $3-4 billion a year for infrastructure development but can manage only $500 million.

The several metro lines it has planned each need around $1.5 billion.

Lao Dong  (Labour)

Cement consumption, exports rise

According to the Ministry of Construction, in the first five months of this year the domestic consumption and exports of cement increased by 9.3 per cent and 57.4 per cent year-on-year respectively.

Output topped 27.27 million tonnes in the period, up 18.4 per cent.

Nhan Dan (The People)

Saigon Hi-Tech Park attracts investment

In the year-to-date the Saigon Hi-Tech Park (SHTP) has attracted investments of US$63 million from a newly licensed project and two existing ones that increased their capital.

Nguyen Tat Thanh University is setting up a High-Tech Development Center at a cost of $52 million while Nanogen Biopharmaceutical Jsc and Microchip are increasing their investment by $11 million.

The park houses 66 projects with total investment of $2.2 billion.

Dau Tu (Viet Nam Investment Review)

Lam Dong launches anti-corruption drive

Luong Hong Khoa, chief of Lam Dong Province's Department of Interior, on Tuesday exhorted organisations and individuals to inform his department about corruption, saying informants would be paid VND500,000-1 million.

Their identities will remain a secret.

Thanh Nien (Young People)

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