Update news public investment
Strong cash flow to the stock market, a VND700 trillion package for public investment, and high demand for ingot steel from China have all helped billionaire Tran Dinh Long pocket more money despite the Covid-19 crisis.
The Vietnamese stock market may have found a new equilibrium in current price areas, according to Mirae Asset.
Prime Minister Nguyen Xuan Phuc has decided to establish seven delegations to inspect public invstment disbursement in several ministries, agencies and localities.
Public investment is expected to be one of the major driving forces for economic development in the second half of the year. Securities investors have been advised to buy building-material manufacturing shares.
Fiscal and monetary tools and policies should be governed in a more proactive and flexible manner from now to year’s end in order to maintain macro-economic stability and boost growth,
Vietnam will deploy any measure to boost its investment, export and consumption sectors to achieve growth as high as possible, Prime Minister Nguyen Xuan Phuc said on Thursday,
Loans borrowed from abroad for public investment must be disbursed quicker if Vietnam is to recover economically from the impacts of the coronavirus pandemic, according to the Ministry of Finance.
The ratio of public debt to GDP is not too high, but the pressure of debt repayment in both VND and foreign currencies will increase in 2020-2021.
The estimated cost of the North-South Expressway in 2018 was VND16 trillion lower than the initial estimate made in 2017 when the National Assembly decided to develop the project.
New policies are expected to accelerate the recovery of the real estate market and lay a firm foundation for the market’s long-term development.
Some National Assembly delegates yesterday expressed concerns over the Government's decision to transfer certain components of the North-South Expressway from the PPP model to public investment, Thanh Nien newspaper reported.
The Covid-19 crisis may prevent Vietnam from its plan to have 1 million businesses by the end of 2020.
The Government is focusing on boosting the development of enterprises and encouraging private investment to accelerate post-pandemic economic growth.
Public investment is expected to play a very important role in promoting economic growth in 2020 and the enterprises in the building material sector are the biggest beneficiaries, economists say.
As many as 25 traffic projects in Vietnam could be suspended or delayed due to capital shortages, according to the Ministry of Transport.
As Vietnam employs unprecedented measures to recover from the economic ravages of the COVID-19 pandemic with hastened disbursement of public investment, supervision must be enhanced to prevent profiteering, politicians have warned.