ADB approves loans totaling $299 million to promote inclusive growth in VN

The Asian Development Bank’s(ADB) Board of Directors has approved loans totaling US$299 million to help improve basic infrastructure services and promote inclusive growth in northeaster and north central provinces of Việt Nam.

Little headway in capital’s urban-suburban move

A “terrible waste” of resources is taking place as a grand plan to shift Government offices, schools and hospitals to suburban enclaves in the capital city fails to materialise, almost three years on.

Better assets management delivers tangible gains

Improved public assets management has helped prevent losses, waste, corruption and other acts of infringement, experts said at a conference yesterday.

They also said that it has facilitated rational and effective exploitation of public assets and contributed to socio-economic development.

Developers unhappy over new fees Real estate companies said planned land-use and compensation fees would eat into their profits and could even force them into liquidation.

PM restricts use of Government cars Each State agency, public non-business unit or State-owned enterprise is now allowed to buy only one car worth a maximum of VND800 million (US$44,400).

Gov't hits the brakes on car fleet due to inflation, petrol price rises Tien Phong (Vanguard) newspaper talked with Pham Dinh Cuong, director of the Public Assets Management Department under the Ministry of Finance, about Government car usage amid petrol price increases.

Finance minister calls for stronger controls on uses of State property Finance Minister Vu Van Ninh spoke to Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) about the draft law on State property.

APEC fleet fetches millions Seventy-five vehicles used during last year's APEC summit were auctioned off on Tuesday at the National Convention Centre in Ha Noi, according to the Ministry of Finance.