Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>   Infrastructure  >>   Cash shortage delays Vietnamese projects
NEWS UPDATES Asean Affairs           18   August  2011

Cash shortage delays Vietnamese projects

Related Stories

July 22, 2011
Cambodian rail link to Vietnam proposed

September 1, 2010
Cambodia rejects Thai transport offer

August  24, 2010
Relocation of HCM ports delayed

June 18, 2010
Vietnamese firm urges infrastructure

March 7, 2010
Vietnam to start high-speed rail construction in 2012

The Ministry of Transport is trying to speed up delayed traffic projects of all types, including Da Nang International Airport.

Work also needs to be done on National Highway 51, which links two key southern economic zones in Bien Hoa in Dong Nai province. Another unfinished work-in-progress is the Gie-Ninh Binh Highway near Ha Noi.

Minister Dinh La Thang said his staff would cooperate with the ministries of Finance and Planning and Investment to speed up the projects.

Thang said they would also provide mechanisms to mobilize capital for infrastructure, administrative procedures and investment models.

He has asked ministries to give guidance in paying for suspended projects according to Resolution 11, which required some projects to halt in order to stabilise the macro-economy.

Under the resolution, 116 ministry projects have been delayed. However, the ministry has not been able to implement administrative procedures because the Government did not specify which categories of project should be delayed.

Tran Quoc Viet, head of the Construction Management and Traffic Quality Department said a lack of oversight could make it difficult for investors to adjust prices and determine the time frame.

Deputy general director of Project Management Unit 1 Nguyen Quoc Binh said the project to upgrade the section of National Highway 6 through Tuan Giao District in northern Lai Chau Province was given VND75 billion (US$3.6 million) from the ministry while its total investment was VND2.4 trillion ($115 million).

Binh said the money was not enough to pay contractors and the project had a debt of VND100 billion ($4.9 million).

"All of our 15 packages had broken ground and mobilised the machines to be ready for construction under signed contracts. Slow-moving projects caused congestion in the process," he added.

Deputy general director of Project Management Unit 2 Lam Van Hoang agreed, saying they did not have the funds to finish the project, and the incomplete work could be destroyed at any point due to floods and storms.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    18  August  2011 Subsribe Now !
• Four Indonesian enterprises to go public Subcribe: Asean Affairs Global Magazine
• Myanmar newspapers remove anti-Western slogans Asean Affairs Premium
• San Miguel makes energy buy
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Dollars flood Singapore
• Proposed wage hikes too much for Thai firm
• New government rushes to change Thai Constitution
• Cash shortage delays Vietnamese projects

• Three Asean countries combat drugs

Asean Analysis    18  August  2011

Advertise Your Brand
• Thailand’s politics begins to boil Sponsor Our Events

Asean Stock Watch   18  August  2011

• Asean Stock Watch-August 18 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand