On-going projects

The newly-announced report says that apartment sales in Hanoi declined in the second quarter of 2017, while their supply increased in the first half of the year.

The Hanoi People’s Committee has recently issued Decision 3997/QD-UBND on mobilizing funds for Program for Results-based (PforR) Rural Water Supply and Sanitation in eight provinces of the Red River Delta with loans of the Work Bank from the additional central budget funds of 2017.

Hanoi authorities said construction progress is being speeded up so that the Hanoi Train Station-Nhon urban railway project (Route No. 3) will be completed in 2021.

Deputy Prime Minister Vuong Dinh Hue was anxious about the slow allocation and disbursement of public investment in the first half of the year and demanded clarifying the responsibility of related officials and agencies.

Authorities in Hanoi have approved a proposal by the Department of Planning and Investment to invest nearly 22 trillion VND (957 million USD) in 117 public investment projects, including 103 fundamental construction ones, in the city from 2017 – 2020.

According to Official Letter 5694/VP-DT dated June 21, the Hanoi People’s Committee requests relevant agencies and sectors to provide clean water in rural areas and improve sanitation according to National Target Program on New-style Rural Area in the period of 2016 to 2020.

Hanoi`s trade deficit in the first five months stood at nearly 7 billion USD, compared with the national average of 2.7 billion USD.

The World Bank (WB) has ratified a loan worth US$ 300 million for Vietnam to reinforce transport connectivity in rural areas and protect forests along eight coastal localities.

The Prime Minister has approved a master plan on restructuring enterprises under the Electricity of Vietnam (EVN) in the period 2017-2020.

Chairman of Hong Kong’s Summerfield Limited Company, Francois Da Pan Shih, expressed his interest in investing in the 2 billion USD in the Happy Land entertainment complex in the Mekong Delta Province of Long An.

The southern province of Kien Giang has been invested 11.3 billion USD for socio-economic development by 2020.

Five solar power projects worth over 14.8 trillion VND (651.2 million USD) have been approved by Vietnamese Government to be executed in the central coastal province of Binh Thuan as of May 2017.

PM Nguyen Xuan Phuc has recently issued Directive 26/CT-TTg on beefing up the growth of local companies with a special emphasis on input cost reduction, a move to continue implementing Resolution 35 on business support and development efficiently.

Aquiring 20 percent stake of FECON Corporation in the Phu Ly Bypass project has made Japanese East Nippon Expressway Company Limited (NEXCO) and Japan Expressway International Co., Ltd (JEXWAY) become first foreign enterprises to set foot in a Vietnamese Build-Operate-Transfer project.

Hanoi aims to replace more than 4,000 xa cu (African mahogany, scientific name Khaya senegalensis) trees at risk of falling down, threatening the safety of citizens in the stormy season.

The PM has recently approved a project on the restructuring of State-owned enterprises (SOEs) in the period of 2016-2020, with a focus on State-owned economic groups and corporations.

Up to 9,725 new enterprises have been established in Hanoi during the first five months of this year, with a total registered capital of 73.4 trillion VND (3.23 billion USD), year-on-year rises of 13 percent and 5 percent, respectively.

Prime Minister Nguyen Xuan Phuc has issued a decision on the establishment and operational regulations of a high technology agriculture area specialised in shrimp development in the Mekong Delta Province of Bac Lieu.

Hanoi People’s Committee issued Decision 2912/QD-UBND dated May 22, approving plan on implementation progress of 52 key works of Hanoi in the period of 2016 to 2020.

Prime Minister Nguyen Xuan Phuc has approved the development of WHA Hemaraj 1 Industrial Park in Nghe An province’s Southeast Economic Zone.