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Update news infrastructure development
VietNamNet Bridge - As the number of foreign tourists continues to grow at a high rate, travel firms have been advised to disperse travelers to many tourism sites to avoid overloading.
VietNamNet Bridge - The Ministry of Planning and Investment (MPI), which is now drafting the Law on Planning, is attempting to reduce overlapping development plans.
Although the offered low-cost loans from AIIB (Asian Infrastructure Investment Bank) are very attractive, economists say Vietnam needs to think carefully before borrowing money.
VietNamNet Bridge - The State is encouraging institutional and individual investors to establish new ecological industrial zones (IZ) or develop existing IZs into ecological zones.
VietNamNet Bridge – Representatives of foreign business associations have expressed concern over Vietnam’s visa policy, claiming their member enterprises are having problems with short-stay visa and strict entry regulations.
VietNamNet Bridge - The government has called for public investment in aviation infrastructure projects, but it has not shown how the investors should approach the projects.
VietNamNet Bridge – Viet Nam needs to invest in infrastructure while sustaining economic growth. So far, the State budget and official development assistance have contributed most of the funding for infrastructure development.
VietNamNet Bridge – Only more than 30% of 485,000 operational enterprises in Vietnam have been profitable in the year to October despite lingering economic woes,
VietNamNet Bridge - To have enough capital to invest in traffic works and to prevent flooding in the next three years, Ho Chi Minh City has proposed borrowing $1.5 billion of soft loans from the World Bank.
The state budget is not big enough to provide capital to all transport projects. Meanwhile, the idle capital in the society still has not been mobilized for the transport infrastructure development.