Ministry puts $35b price tag on transport needs

HA NOI — The Transport Ministry estimates that more than VND680 trillion (US$35 billion), will be needed to build transport infrastructure in the southern key economic zones between 2011-20.

The amount needed for roads will total VND326 trillion($16.7 billion); railways, VND88 trillion ($4.5 billion); domestic waterways, VND7 trillion ($360 million); and aviation VND91 trillion ($4.67 billion), it says in a report to the Government as part of a plan for infrastructure development.

The plan gives roads to reduce traffic jams and link transport routes priority.

The key road transport routes are identified as: HCM City - Long Thanh - Dau Giay; Trung Luong - My Thuan - Ben Luc - Nhon Trach - Long Thanh; and Dau Giay - Phan Thiet.

Highways would be of four to eight lanes. The plan also envisages the building of the Bien Hoa - Vung Tau; HCM City - Moc Bai; HCM City - Thu Dau MoÄt - Chon Thanh; and the Dau Giay - Da Lat highways in the next 10 years.

Beltway roads around HCM City and roads to ports would be built and existing highways upgraded. — VNS

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Seminar seeks better public investment management

An international seminar on strengthening public investment management opened in Hanoi on Wednesday.

During the two-day seminar, jointly held by the World Bank, the Ministry of Planning and Investment (MPI), and the Asian Development Institute, participants share their experiences in mapping out strategies that help countries improve public investment management.

According to the MPI, around VND286 trillion (US$14.7 billion) was used for public investment during the 2001-2005 period, accounting for 23 percent of the total social investment.

In the 2006-2010, the figure is estimated to reach over VND739 trillion ($38 billion) or 24 percent of the total social investment.

State capital for public projects and programs holds a large proportion so the effective management and use of the source are very important and necessary.

Therefore, the Vietnamese government should have suitable measures and policies to use the national capital source more effectively, the ministry said.

Marin Rama, Acting Director of the WB’s East Asia Development Department, said Vietnam is one of the countries with a high public investment proportion, nearly 40 percent of its total GDP.

However, he also pointed out Vietnam’s shortcomings in public investment management that should be addressed in the coming time, including ineffective uses, insufficient attention to regional development in the overall investment plan, decentralization and the overlapping of related laws such as the State Budget Law, the Construction Law and the Bidding Law.

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Seminar seeks better public investment management

An international seminar on strengthening public investment management opened in Hanoi on Wednesday.

During the two-day seminar, jointly held by the World Bank, the Ministry of Planning and Investment (MPI), and the Asian Development Institute, participants share their experiences in mapping out strategies that help countries improve public investment management.

According to the MPI, around VND286 trillion (US$14.7 billion) was used for public investment during the 2001-2005 period, accounting for 23 percent of the total social investment.

In the 2006-2010, the figure is estimated to reach over VND739 trillion ($38 billion) or 24 percent of the total social investment.

State capital for public projects and programs holds a large proportion so the effective management and use of the source are very important and necessary.

Therefore, the Vietnamese government should have suitable measures and policies to use the national capital source more effectively, the ministry said.

Marin Rama, Acting Director of the WB’s East Asia Development Department, said Vietnam is one of the countries with a high public investment proportion, nearly 40 percent of its total GDP.

However, he also pointed out Vietnam’s shortcomings in public investment management that should be addressed in the coming time, including ineffective uses, insufficient attention to regional development in the overall investment plan, decentralization and the overlapping of related laws such as the State Budget Law, the Construction Law and the Bidding Law.

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• Drastic measure planned to boost public investment management
• Vietnam seeks to elevate status of seaports
• PM lauds police for keeping public order
• Seminar seeks to increase handicraft exports to Japan
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