Prime Minister Nguyen Tan Dung on June 26 issued an order on the groundbreaking ceremony of package CP1A – a major infrastructure work under the Hoa Lac Hi-tech Park Development Project.

VietNamNet Bridge - The Ministry of Construction (MOC) has proposed using preferential loans from official development assistance (ODA) to build social housing projects.

VietNamNet Bridge - The mismanagement of the watchdog agency is the main reason behind low-quality construction works and bad contractors in Vietnam.

Vietnam has borrowed $4-5 billion a year in the last 10 years, and the public debt has nearly hit the ceiling. However, the country will continue borrowing because it needs capital for development and investment.

VietNamNet Bridge - Vietnam understands the potential risks behind Chinese ODA (official development assistance) and Chinese technologies, but it still needs Chinese capital.

VietNamNet Bridge - The Vietnam Express Corporation (VEC), the biggest road and highway investor, has set a record in the number of highways with very high costs.

VietNamNet Bridge - Will the increasingly high investments by mainland China, Taiwan, Hong Kong and Macau bring opportunities or challenges?

VietNamNet Bridge - Vietnam still has not provided an answer to the question on whether to join AIIB. Meanwhile, economists have called on the government to think carefully before making a decision. 

Infrastructure developers prefer seeking capital from domestic and foreign commercial loans than official development assistance (ODA), which is in the long run more expensive than people think.

VietNamNet Bridge – The funds for investment and economic development are approaching critical levels, analysts say.

 VietNamNet Bridge – Incoming remittances last year stood at around US$12 billion with 46% of it going to production and business operations, nearly 36% to expenses and the remainder to savings and health services,

If Vietnam uses overseas remittances to its benefit, they could be a powerful driver in the development of the national economy. Conversely, the economy could be put under pressure if they are not deployed effectively.

VietNamNet Bridge – Seven construction incidents executed by Chinese contractors within a short period of time have raised major concerns.

VietNamNet Bridge – Foreign investors are only eyeing large important seaports in Vietnam and are staying away from unprofitable seaports.

Estimates for site clearance for the proposed Long Thanh airport project are VND20.7 trillion, but analysts believe the costs would be even higher as land prices in the area have been increasing rapidly.

NA Chairman meets with Danish Ambassador; President Sang praises police force, People's Court for upholding law; President urges Supreme People’s Court’s better judgment quality

 VietNamNet Bridge – Sizable transport infrastructure projects in Vietnam have been doing sterling work in terms of official development assistance fund disbursement in the year to date.

VietNamNet Bridge – Many questions have recently surfaced over a lot of macroeconomic issues in Vietnam, especially the use of official development assistance, the country’s rising public debt, and institutional changes among others.

 Transport Minister Dinh La Thang yesterday said growing infrastructure demand in the country needs new funding sources other than the State Budget and overseas development assistance.

A French company specializing in airport architecture and engineering has said it did not commit to providing US$2 billionfor a megaproject to build a new international airport outside of Ho Chi Minh City.