Reforming infrastructure investment (25-08-2006) Quan doi Nhan dan (People’s Army) newspaper spoke with Dr Le Quoc Ly, director of the Ministry of Planning and Investment’s Finance and Monetary Department, about ways to draw more investment into infrastructure projects. Infrastructure development is necessary for the country’s industrialisation and moder-nisation. How should the investment structure of economic sectors change in order to be more in line with the market economy? Socialisation is a new Government policy aimed at attracting more investment from all economic sectors and foreign investors. At present, the Ministry of Planning and Investment is working in a project called "Socialising Infrastructure" in order to lure investment from all sectors to develop the country’s infrastructure, even sensitive areas like electricity, water supply and road construction. However, in some cases, private investors have faced obstacles from participating in the … [Read more...] about Reforming infrastructure investment
Global infrastructure investment
Kuala Lumpur (VNA) – Malaysia has been ranked second in Asia for infrastructure investment attractiveness and fifth on the international scale in the latest Global Infrastructure Investment Index released by the Global Design &Consultancy firm for natural and built assets Arcadis. The report said that Malaysia’s strong economic performance and policies encouraging long-term investment in infrastructure has made it attractive for private and inward investments. The 11th Malaysia Plan, launched in 2015, stresses the importance of infrastructure development in becoming a fully developed nation by 2020. The country is facilitating infrastructure construction to boost productivity and support economic expansion. Major projects to be completed in Malaysia include the Klang Valley mass rapid transit, the 2,000 kilometre Pan-Borneo Highway and the West Coast Expressway. Under the projects, 93,000 kilometres of new roads will be constructed, increasing the road network by 68 … [Read more...] about Malaysia: 2nd most attractive for infrastructure investment in Asia
Infrastructure Investment Stepped up In 2010, Tien Giang province plans to double FDI against last year, to some US$80 million. It is not easy after the economic crisis. However, many industrial zones have been built, and are now ready for investors. Mr Le Van Huong, Head of Tien Giang Department of Planning and Investment disclosed to Vietnam Business Forum. Will you please, give us the evaluation of local and foreign investments in the province in 2009? In 2009, the total social investment in Tien Giang was VND10,525 billion, 24 percent more than 2008, including: FDI: three projects with total registered capital of US$11.77 million and two projects with additional investment US$23.8 million. Local investments: 550 new enterprises established in 2009, 16 percent more than 2008 with average investment capital of VND2.45 billion each. Due to the impact of the global economic crisis, FDI in 2009 was lower than 2008. FDI decreased in new projects, focused on existing projects and … [Read more...] about Infrastructure Investment Stepped up
Vietnam Should Boost Infrastructure Investment: Analysts Since 1996, the annual infrastructure investment is some 10 per cent of the country’s GDP, said Andrew Hong at a forum between Vietnamese and the U.K. businesses held in Ho Chi Minh City February 24. He added that, "If you look at World Bank standards, infrastructure investment should be double GDP growth at about 15 per cent”. But Hong said Vietnam needs raise private investment to develop infrastructure, not mostly depend on ODA and the government funding. By 2010 the government's share is expected to decline to 23 per cent of total infrastructure spending, while private investment will rise to 44 per cent. Meanwhile, Paul Hoogwaerts, Vietnam representative of Maersk, the world's top shipping firm, also said Vietnam's economy is heavily dependent on exports, which represents 70 per cent of GDP in 2008. But exporters have long complained about inadequate transportation infrastructure as this makes it … [Read more...] about Vietnam Should Boost Infrastructure Investment: Analysts
Joining the UNWTO/WTTC Global Leaders for Tourism Campaign, President Mwai Kibaki recognized tourism as “a great opportunity to learn from one another and share different traditions and cultures” (Nairobi, Kenya, 23 June). “We see and value tourism as one of the greatest avenues through which the people of the world are able to sample the varied cultures and natural attributes that are to be found globally,” said President Kibaki on receiving an Open Letter from UNWTO Secretary-General, Taleb Rifai, and WTTC President and CEO, David Scowsill, on the importance of Travel & Tourism to sustainable and inclusive growth and development. “Kenya will continue to be at the forefront in supporting this industry that is helping in alleviating poverty, creating employment and other opportunities for people in our country and around the world,” the President added. The President’s message was echoed by the Minister of Tourism of Kenya, Najib Balala. … [Read more...] about Kenyan President Mwai Kibaki highlights tourism’s cultural benefits upon joining UNWTO/WTTC Global Leaders Campaign.