PM demands faster disbursement of public funds for Long Thanh Airport
Prime Minister Nguyen Xuan Phuc inspected site clearance at the Long Thanh International Airport project on July 21, where he urged Dong Nai province to take more drastic action to disburse public funding for the key national project.
Prime Minister Nguyen Xuan Phuc (front, first, right) looks at a map of the Loc An - Binh Son resettlement area in Long Thanh district (Photo: VNA)
Dong Nai (VNA) - PrimeMinister Nguyen Xuan Phuc inspected site clearance at the Long ThanhInternational Airport project on July 21, where he urged Dong Nai province totake more drastic action to disburse public funding for the key nationalproject.
Local authorities reported that over 1.8trillion VND (77.5 million USD) sourced from Government bonds, or 10.1 percentof total public investment in the Long Thanh Airport project, has beendisbursed so far.
The southern province of Dong Nai has finished siteclearance on 364.21ha of land, on which two resettlement areas for residentsdisplaced by the project will be built. It still faces difficulties in siteclearance on the 5,000ha of land zoned for airport construction.
The province is set to speed up site clearanceon the 1,810-ha priority area and begin building facilities in Phase I of the projectthis year, while the remaining area will be ready in 2021, authorities said.
At a meeting with provincial officials afterexamining the site clearance and technical infrastructure being built at theLoc An - Binh Son resettlement area in Long Thanh district, PM Phuc highlightedthe important role of Dong Nai, which has an economy of over 17 billion USD andper capita income of some 5,300 USD.
He said site clearance for the airport projectwill be a driving force for local development this year, noting that thefunding of 23 trillion VND for site clearance is considerable, so drasticaction is needed to push ahead with the task.
Applauding Dong Nai’s resolve to not revise the targetsit set at the beginning of this year, he requested the province take strongeraction in public investment disbursement in 266 local projects, so that over 95percent of this year’s public funding will be allocated as planned.
In particular, it must manage to disburse 18trillion VND to prepare the ground for the airport’s construction - a hugechallenge the province must exert every effort to overcome, he said.
The Government leader also told ministries andsectors to assist Dong Nai in implementing the project so that construction canbegin this year, adding that site clearance must be completed by October./.
Disbursement of public investment in the first six months of 2020 amounted to nearly 156 trillion VND (6.73 billion USD), fulfilling 33.1 percent of the plan set by the National Assembly and the Prime Minister, higher than the 28.56 percent recorded in the same period last year, according to the Ministry of Planning and Investment.
Prime Minister Nguyen Xuan Phuc chaired an online meeting on July 16 between permanent Government members and localities on speeding up public investment disbursement.
Prime Minister Nguyen Xuan Phuc on July 18 urged 12 cities and provinces in the central and Central Highlands key economic region to push ahead with public investment disbursement.
Under the chair of Prime Minister Nguyen Xuan Phuc, permanent Government members held a working session with key leaders of Ho Chi Minh City on July 20 to review public investment capital disbursement and tackle difficulties for several key projects in the city.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.