Cẩm Kim Bridge spans the Thu Bồn River to connect Hội An ancient town and Kim Bồng carpentry village. Hội An City rejected a proposal to build a cable car project in the area. — VNS Photo Công Thành Viet Nam News HỘI AN — The central city rejected a proposal to build a 7km cable car route spanning the Thu Bồn River and connecting Hội An and Duy Xuyên District. Chairman of the ancient city’s People’s Committee Nguyễn Văn Dũng confirmed to the Việt Nam News that the Quảng Nam-based joint-stock NVN company proposed to construct a car cable to connect Thanh Hà pottery village and Cẩm Kim carpentry village – two favourite destinations in Hội An – and Duy Nghĩa Commune in Duy Xuyên District, and develop a new tour service. Dũng said the investor asked the city to allocate an area of 100ha of land in return for their car cable investment of VNĐ2.1 trillion (US$93 million). “We offered the most favourable conditions for investors, but Hội An could not allocate land for the … [Read more...] about Ancient city reject car cable project
Cabling project manager jobs
Da Nang completes power cable project
The central city inaugurated its first underground power cable project on Le Duan street after two years of construction on Saturday. — Photo baodanang.vn DA NANG (VNS) — The central city inaugurated its first underground power cable project on Le Duan street after two years of construction on Saturday. The underground cable was part of the city's face-lift plan to boost tourism and investment. The 1.1km long section from Ong Ich Khiem street to Tran Phu – Le Duan junction, which was invested with VND57 billion (US$2.5 million), was designed as a street with 200 fashion shops. It was the first street in the city to use the underground electricity system. — VNS … [Read more...] about Da Nang completes power cable project
Executive of Thu Thiem project management board dies
Executive of Thu Thiem project management board dies The Saigon Times Daily HCMC – A deputy head of the planning management division under the Thu Thiem New Urban Area Management Board was found dead today, January 28. He reportedly fell from the ninth floor of the management board’s head office at 255 Tran Hung Dao Street in District 1, Tuoi Tre Online newspaper reported. Other executives of the Thu Thiem New Urban Area Management Board found the deceased’s notebook near the staircase banister of the building’s ninth floor. A representative of the management board stated that the deceased had shown signs of depression before his death. He had repeatedly tendered his resignation from the Thu Thiem New Urban Area Management Board due to personal reasons. The police of District 1 is carrying out an investigation into the cause of his death. … [Read more...] about Executive of Thu Thiem project management board dies
MoT calls for progress on major projects
The trial run of thr Cát Linh – Hà Đông elevated train will commence on September 20. — VNA/VNS Photo Huy Hùng Viet Nam News HÀ NỘI — Minister of Transport Nguyễn Văn Thể has ordered relevant agencies to speed up the implementation of major projects throughout the country. The projects consist of the Cát Linh – Hà Đông Elevated Urban Railway, Tân Sơn Nhất International Airport and Long Thành International Airport. Reporting on the progress of the Cát Linh – Hà Đông Elevated Railway Project, deputy director of the Railway Project Management Unit Vũ Hồng Phương said the train system was scheduled to start its trial run in September. This phase was estimated to take more than three months, he said. However, the general contractor had yet to finish and submit a detailed plan on the trial run and maintenance as well as a safety certificate for the project to the management unit, he said. This risked delaying the project’s trial run, he added. In response to the … [Read more...] about MoT calls for progress on major projects
Thousands of public projects behind schedule, causing losses
The Cát Linh-Hà Đông Railway was one of the public projects highlighted for its slow progress. — Photo tienphong.vn Viet Nam News HÀ NỘI — Thousands of public investment projects had proceeded at a slow pace, causing financial waste and violating quality management, according to a report reviewing projects in 2017 by the Ministry of Planning and Investment. The ministry’s figures showed that in 2017, there were 1,609 public projects which were behind in schedule, 850 projects causing financial losses and 225 projects violating investment rules, and 22 projects violating quality management regulations. The ministry halted 300 projects for their violations. The investors stated the main reasons for the delays were slow capital allocation and ground clearance. Nearly 150 projects were progressing slowly due to the weak capability of investors, contractors and project management boards, the report said. Explaining the situation, economist Ngô Trí Long said that measures … [Read more...] about Thousands of public projects behind schedule, causing losses
Highway projects’ costs down
A toll station on the Hà Nội - Hải Phòng Highway built under a Build-Operate-Transfer (BOT) model. - VNA/VNS Photo Huy Hùng Viet Nam News HÀ NỘI – Initial assessments indicate that the actual costs of most build-operate-transfer (BOT) projects on National Highway No.1 and Hồ Chí Minh Highway (the section passing through the Central Highlands) were lower than planned, meaning investors will collect their payback from road users faster than anticipated. Speaking to Báo Giao Thông (Transportation Newspaper), Dương Hồ Minh, Deputy Director of the Hồ Chí Minh Highway’s Project Management Board, said the board has reviewed and submitted the settlement reports of three BOT projects and all were lower compared to the originally approved total investment. For example, the original total investment for KM1793+600 – KM 1824+00 (Đắk Nông Province) was VNĐ1,023 billion (nearly $46 million). However, after settlement, the cost was VNĐ 634 billion, in other words reduced by a … [Read more...] about Highway projects’ costs down
Clarity needed to lure investors in BOT projects
Nguyễn Danh Huy, general director of the transport ministry’s Public-Private Partnership Investment Project Management Department, speaks to Tuổi trẻ (Youth) newspaper about measures to attract investors to participate in BOT projects. Resolution 20 lays out plans for building certain sections of the North-South expressway in the east during the 2017-20 period. Why has it increased the rate of owner’s equity for investors participating in the project from 15 per cent to at least 20 per cent of the total investment capital? In principle, as the owner’s equity rate is higher, it is easier for credit institutions to provide capital for the project. But it would also lead to an increase in investment costs for the project as the benefit ratio of the owners’ equity will be higher than the interest rate of banks. In financial terms, this rate of owners’ equity of investors is called the financial leverage ratio. The 20 per cent increase takes into account the ability to mobilise … [Read more...] about Clarity needed to lure investors in BOT projects
Road project lasts a decade due to land clearance stagnancy
A project to build a road linking National Highway 3 and industrial zones in Hà Nội’s Sóc Sơn District was approved in 2009, but land clearance work is still incomplete, reported Kinh Tế & Đô Thị (Economic and Urban Affairs) Newspaper.– Photo kinhtedothi.vn HÀ NỘI – A project to build a road linking National Highway 3 and industrial zones in Hà Nội’s Sóc Sơn District was approved in 2009, but land clearance work is still incomplete, reported Kinh Tế & Đô Thị (Economic and Urban Affairs) Newspaper. The stagnant progress has been causing difficulties for local people. After the project was approved, Nguyễn Văn Minh’s land in Hương Đình Village of Mai Đình Commune was to be used for the project, meaning his family would have to move. But for 10 years, his 12-member family has been living in the same place because no resettlement land has been allocated. His house is small and run-down, but he has been forbidden from upgrading or rebuilding it as the land belongs … [Read more...] about Road project lasts a decade due to land clearance stagnancy
Delayed project annoys residents’ life
For the last six years, residents in northern Phú Thọ province suffer from dust and noise from the trucks that carry material to dyke embankment site. — Photo nhandan.com.vn Viet Nam News PHÚ THỌ — The project consolidating the Thao River’s left bank and Lô River’s right bank in northern Phú Thọ Province is expected to be completed this year and stop plaguing locals with dust and noise. The project, with more than VNĐ264 billion (US$11.8 million) of investment, was initiated by the province’s Department of Agriculture and Rural Development and was meant to be finished last year. However, up to now, the project is only half finished. Head of the agriculture department’s project management board Nguyễn Đức Lương said progress was slowed in 2013 when the province could not arrange resettlement areas for locals. As of March 2015, infrastructure in the resettlement area was available but residents refused to move due to low compensation, he said. The compensation rate … [Read more...] about Delayed project annoys residents’ life
ASEAN project development course opens in HCM City
A two-day training course on developing ASEAN quality project proposals is being held from October 9-10 in HCM City. — VNS Photo Ngọc Diệp Viet Nam News HCM CITY — The ASEAN project development training course for Việt Nam, which aims to improve the quality of project proposals, kicked off yesterday in HCM City. The two-day course, organised by the Ministry of Foreign Affairs and ASEAN Secretariat, attracted 90 participants who are officers of government ministries, departments, agencies and institutions from central and southern provinces and cities. Dương Hải Hưng, deputy head of the ASEAN Department under the Ministry of Foreign Affairs, said the course would help officials fully understand procedures and techniques to write project proposals. The course addresses the general lack of awareness at the national level about ASEAN cooperation projects, available resources, and the use of available funds. The training also demonstrates how to fill out a project proposal … [Read more...] about ASEAN project development course opens in HCM City