Those were two of the notable investment news stories of the past week.

Asia New Generation proposes to invest in a 40 million USD waste treatment project in Dong Nai

On the afternoon of March 29, Vice Chairman of Dong Nai Provincial People's Committee Vo Van Phi worked with Asia New Generation Company on the investment proposal for the Waste Treatment Power Generation Project in Xuan Loc District.

Waste treatment site at Cu Lao Xanh Waste Treatment Complex, Xuan Tam Commune, Xuan Loc District, Dong Nai.

At the meeting, Mr. Willy Andreas Kirsch, Chairman of the Board of Directors of Asia New Generation Company, said that after researching the locations, the company proposed to invest in a waste-to-electricity treatment project at the Cu Lao Xanh Waste Treatment Complex in Xuan Tam Commune, Xuan Loc District.

The company said that when investing, it will use German pyrolysis waste treatment technology. With this technology, waste does not need to be sorted or burned directly, but is treated by gasification, which limits emissions and can generate 1.2-1.8 MWh of electricity per ton of waste.

In the first phase, the company plans to invest 40 million USD to build a factory with a capacity to process 400 tons of waste per day. The next phase can increase to 1,000 tons per day.

To take the next steps, Asia New Generation Company proposed that Dong Nai province guide legal procedures and propose adding the project to Power Plan VIII.

On behalf of Dong Nai Provincial People's Committee, Vice Chairman of the Provincial People's Committee Vo Van Phi supported the investment in projects with new technology, contributing to environmental protection.

Mr. Phi suggested that the enterprise carry out the procedures for project transfer; adjusting investment policies, adjusting planning; assessing environmental impacts, and appraising technology. When the enterprise has complete documents, the departments and branches of Dong Nai province will support and guide the investment procedures.

Currently, waste-to-electricity treatment projects in Dong Nai are receiving attention from many investors.

In addition to the project proposed by Asia New Generation Company in Xuan Loc district, Dong Nai province has signed an agreement with the consortium of Ecotech Vietnam Technology Investment and Trading Joint Stock Company and Le Delta Joint Stock Company to prepare a feasibility study report for the waste-to-energy plant project in Vinh Tan commune, Vinh Cuu district.

This project is invested in the form of public-private partnership (PPP) with a total investment of VND 2,286 billion from equity and mobilized capital, not using budget capital.

When phase 1 is completed, the capacity to process 800 tons of waste/day and generate 20 MW of electricity. In phase 2, the capacity to process waste will increase to 1,200 tons/day and generate 30 MW of electricity.

According to the original plan, the project would start in 2023, with a construction period of about 3 years. However, so far, progress has been slow.

Ba Ria - Vung Tau grants investment certificates to 15 projects

On March 30, within the framework of the Conference on implementing the Provincial Planning for the period 2021-2030, with a vision to 2050 and investment promotion, the People's Committee of Ba Ria - Vung Tau province awarded investment certificates to 15 enterprises.

Of these, there are 10 domestic investment projects investing in the fields of real estate, wood processing, and mechanics.

Some projects have large investment capital up to thousands of billions of VND such as: Eco Pearl City Group Joint Stock Company invested in An Dien Ecological Housing Project in Long Dien town, total investment capital of 4,269 billion VND; Nam Kim Phu My Steel Company Limited invested in Nam Kim Phu My Steel Sheet Factory project in My Xuan B1 Industrial Park - Dai Duong, total investment capital of 4,500 billion VND.

In particular, the Phu My Polypropylene Plastic Granule Factory Project in Cai Mep Industrial Park of Phu My Plastic Production Joint Stock Company adjusted the total investment capital to increase by VND 11,390 billion, bringing the total investment capital of the entire project to VND 24,855 billion.

For the 5 FDI ​​projects granted investment certificates, Hyosung Vina Chemical Company Limited invested in a Polypropylene (PP) production plant and an underground storage facility for liquefied petroleum gas (LPG) at Cai Mep Industrial Park, with a total investment capital increase of 49 million USD, increasing the total project investment to 1.6 billion USD.

BOE Vietnam Audio Visual Electronics Co., Ltd. invested in the BOE Vietnam smart terminal project phase 2 at Phu My 3 specialized industrial park, with a total investment of 277.5 million USD.

Speaking to Investment Newspaper reporters, Lee Sang-Woon, Vice President of Hyosung Group, said that the group decided to invest in Ba Ria - Vung Tau because the province has geographical advantages as a maritime gateway, an abundant and highly qualified workforce, good infrastructure and attractive incentive policies.

“Hyosung Group considers Ba Ria - Vung Tau province to play an extremely important role in Hyosung's investment strategy in Vietnam,” said Mr. Lee Sang-Woon.

According to statistics from the People's Committee of Ba Ria-Vung Tau province, in the first quarter of 2024, the province attracted more than 1.5 billion USD in FDI capital and 25,000 billion VND in domestic investment capital.

Investment projects in Ba Ria-Vung Tau are selected with advanced, modern technology, less labor-intensive, high productivity, and environmentally friendly.

Ninh Thuan calls for investment in 55 projects

Mr. Truong Van Tien, Director of the Center for Investment, Trade and Tourism Promotion of Ninh Thuan province, said that the Provincial People's Committee has just approved a list of priority projects calling for investment in Ninh Thuan province.

Ninh Thuan calls for investment in Ca Na Dry Port Project Phase 2. In photo: Ca Na General Port Phase 1. Photo: Trung Nam Group.

Accordingly, Ninh Thuan province has 55 priority projects calling for investment with a total area of ​​3,435.882 hectares. Of which, 18 projects are in the fields of trade - services, tourism (317.26 hectares); 14 projects are in the fields of construction and real estate business (745.152 hectares); 9 projects are in the fields of energy, renewable energy (528.95 hectares); 9 projects are in the fields of processing and manufacturing industry (412.62 hectares); 5 projects are in the fields of agriculture (1,431.9 hectares).

In the field of trade - services and tourism, there are a number of large-scale projects such as Vinh Hy Eco-tourism Project (79.55 ha); Ca Na Logistics Center Project and Ca Na Dry Port Project (both 60 ha); High-class Tourism Project (in the egg rock area, 35.36 ha); Mui Dinh Resort Project (30.43 ha) ...

The energy and renewable energy sector has projects such as Ca Na LNG Power Project (1,500 MW, VND 51,793 billion); Phuoc Hoa Pumped Storage Hydropower Project (1,200 MW, VND 22,865 billion); Tri Hai Wind Power Project (79.5 MW, VND 2,760 billion); Dam Nai 4 Wind Power Project (27.6 MW, VND 1,649 billion)...

Some projects in the field of processing and manufacturing industry include the Green Technology and Post-salt Chemical Complex Project (101 hectares); Ca Na General Seaport Project (phase 2, 49.62 hectares); Phuoc Nam Industrial Cluster Technical Infrastructure Project 1, 2, 3, 4, 5 (all 50 hectares in scale)...

The People's Committee of Ninh Thuan province assigned the Center for Investment, Trade and Tourism Promotion to preside over and coordinate with the Department of Planning and Investment and inter-organizational agencies to call for and guide investors to register to implement projects according to regulations.

Quang Nam: Dien Ban Town has 64 construction investment projects behind schedule

Dien Ban Town People's Committee has reported to Quang Nam Provincial People's Committee on the situation of projects that are behind schedule in the town. Accordingly, Dien Ban Town currently has 64 projects that have been implemented to invest in housing construction that are behind schedule compared to the project implementation commitment.

Currently, the locality finds that the biggest difficulty related to this content is that the time to carry out procedures to extend project implementation progress overlaps with the land use plan for project implementation.

Dozens of projects in Dien Ban town, Quang Nam province are behind schedule compared to their implementation commitments.

According to regulations, projects that have expired are not included in the annual land use plan. However, when the procedure for extending the progress is completed, the project is not included in the land use plan, and the investor must continue to carry out this procedure (while the extension period is not more than 24 months according to regulations).

While the project's delay is largely due to problems with site clearance, it is not entirely the investor's fault.

Dien Ban Town People's Committee said that the delay in the project's progress was due to various subjective and objective reasons, but mainly due to problems in compensation and site clearance.

Therefore, in order to create favorable conditions for the investor to continue to complete the project, the Town People's Committee proposed that the Provincial People's Committee direct relevant departments and branches to consider and pay attention to the solution; at the same time, there should be a unified plan between the Department of Natural Resources and Environment and the Planning and Investment Department so that the implementation of procedures for extending the progress and registering the annual land use plan can be synchronized in terms of time.

Dien Ban Town is the place where a large number of projects are being implemented in Quang Nam Province, especially in Dien Nam - Dien Ngoc New Urban Area. Specifically, in Dien Nam - Dien Ngoc New Urban Area, there are currently more than 82 housing projects. Of which, 58 projects are being implemented and are completing legal documents to prepare for construction; 5 projects have been handed over and 6 projects have basically completed and are preparing for handover.

At the same time, there are 13 projects that the People's Committee of Quang Nam province has recovered and transferred to the People's Committee of Dien Ban to continue implementing as directed.

For the area outside Dien Nam - Dien Ngoc New Urban Area, Quang Nam Provincial People's Committee has assigned investors to 28 projects to invest in building commercial housing outside urban areas, of which 5 projects have been basically completed and handed over for use; 23 are completing legal procedures and are implementing construction works. According to Dien Ban Town People's Committee, currently, investors are continuing to invest in project construction to complete the project according to the committed schedule.

In addition, in the coastal area of ​​Dien Ban town (from the east bank of Co Co River to the East Sea), there are a total of 27 projects, of which 18 are tourism, trade - service projects and 09 investment projects for housing construction and resettlement.

Most of the above projects were implemented before 2016 and were implemented according to the Master Coastal Planning approved by the People's Committee of Quang Nam province.

Assigning budget and investment plan of 6,458 billion VND to implement 3 important national expressway projects

Deputy Prime Minister Le Minh Khai has just signed a Decision to assign the central budget capital investment plan and estimates for 2024 to 1 Ministry and 8 localities.

Deputy Prime Minister Le Minh Khai signed Decision No. 258/QD-TTg on assigning the central budget capital investment plan and estimate for 2024 from increased revenue, reduction and savings of central budget expenditure in 2021 to the Ministry of Transport and 8 localities to implement 3 important national expressway projects according to Resolution No. 58/2022/QH15, Resolution No. 59/2022/QH15 and Resolution No. 60/2022/QH15.

Illustration photo. (Source: Internet)

Specifically, the Deputy Prime Minister assigned to supplement the central budget capital investment plan and estimate in 2024 from increased revenue, reduction and savings in central budget expenditure in 2021 to the Ministry of Transport of VND 2,571 billion and the People's Committees of 8 provinces and centrally run cities: Khanh Hoa, Dak Lak, Dong Nai, Ba Ria - Vung Tau, An Giang, Can Tho, Hau Giang, Soc Trang with a total capital of VND 3,887 billion to implement 03 important national expressway projects according to Resolution No. 58/2022/QH15, Resolution No. 59/2022/QH15 and Resolution No. 60/2022/QH15.

Deputy Prime Minister assigned   The Minister of Transport and the Chairmen of the People's Committees of 8 provinces and centrally run cities: Khanh Hoa, Dak Lak, Dong Nai, Ba Ria - Vung Tau, An Giang, Can Tho, Hau Giang, Soc Trang, based on the estimates and plans for central budget capital investment in 2024, are assigned to decide on the detailed assignment of the central budget capital investment plan in 2024 to affiliated agencies and units, ensuring compliance with the provisions of the law on public investment, the Resolutions of the National Assembly, for the right purpose and effectively.

The time for disbursement of additional capital is implemented according to the provisions of law on state budget and public investment.

The Ministry of Transport and the above 8 localities are responsible to the Prime Minister, inspection, examination and auditing agencies and relevant agencies for the accuracy of the contents, reported data, project list and capital allocation for each project to ensure compliance with legal regulations; and implement the reporting regime according to current regulations.

The Ministries of Planning and Investment and Finance, based on their assigned functions and tasks regarding state management of public investment, shall be responsible to the Prime Minister, inspection, examination and auditing agencies and relevant agencies for the accuracy of the contents and data of reports, ensuring compliance with legal provisions; and monitor and inspect the implementation of this Decision.

The government plans to borrow a maximum of VND676,057 billion in 2024.

Deputy Prime Minister Le Minh Khai has just signed Decision No. 260/QD-TTg approving the Public Debt Borrowing and Repayment Plan for 2024 and the 3-year Public Debt Management Program for the 2024-2026 period.

The government plans to borrow a maximum of VND676,057 billion in 2024.

The 2024 public debt borrowing and repayment plan and the 3-year public debt management program for the 2024-2026 period aim to ensure resources to fully and timely repay public debts without affecting the national credit rating; continue to restructure the government bond debt portfolio in accordance with market conditions and implementation needs.

At the same time, ensure the task of mobilizing loans through diversifying capital sources and methods of borrowing domestically and internationally to meet the needs of balancing the state budget and developing the economy and society with appropriate levels of cost and risk, focusing on prioritizing foreign capital mobilization for large and important projects that are of a situation-changing and status-changing nature.

In addition, strictly control debt safety indicators within the ceiling and warning threshold approved by competent authorities; promote the development of domestic capital markets; and make the most of foreign preferential loans.

Public debt borrowing and repayment plan in 2024  

The decision clearly states that the Government's borrowing plan is a maximum of VND 676,057 billion, including: Borrowing for balancing the central budget is a maximum of VND 659,934 billion, of which borrowing to offset the central budget deficit is a maximum of VND 372,900 billion, borrowing to repay principal is no more than VND 287,034 billion; borrowing for re-lending: about VND 16,123 billion.

Flexible mobilization of resources from the following tools: (i) issuing government bonds; (ii) borrowing ODA and foreign preferential loans; and (iii) if necessary, borrowing from other legal financial sources.

Government debt repayment is about 453,990 billion VND, of which direct debt repayment of the Government is not more than 395,874 billion VND, debt repayment of re-lending projects is about 58,116 billion VND.

About Government Guaranteed Loans  

The decision clearly states that the bond issuance guarantee level for the Vietnam Development Bank is a maximum of VND 1,160 billion, equal to the principal repayment of government-guaranteed bonds due in 2024. For the Vietnam Bank for Social Policies: No government-guaranteed bonds will be issued in 2024.

The specific bond issuance guarantee level for the Vietnam Development Bank is determined based on the Ministry of Finance's appraisal of the application for issuance of bonds guaranteed by the Government in accordance with the provisions of Decree No. 91/2018/ND-CP dated June 26, 2018 of the Government on the issuance and management of Government guarantees.

For guarantees for domestic and foreign loans for enterprises, there is no Government guarantee limit in 2024 because the projects do not need to withdraw capital, only repay debt.

Local government borrowing and debt repayment plan  

The decision clearly states that the loan from the Government's foreign loan re-borrowing source and other loan sources is about 30,619 billion VND.

Local government debt repayment is about 6,993 billion VND, including principal payment of about 4,119 billion VND and interest payment of about 2,874 billion VND.

Foreign commercial loans of enterprises not guaranteed by the Government in 2024: The limit of medium- and long-term foreign commercial loans of enterprises and credit institutions by self-borrowing and self-repayment method is about 6,599 million USD; the growth rate of short-term foreign debt is about 18 - 20% compared to the outstanding debt as of December 31, 2023. (**)

The Decision clearly states that the 2024 borrowing and debt repayment plan is implemented within the maximum levels stated in (*) and (**); in case of arising demand exceeding the above maximum levels, the Ministry of Finance shall submit to the Prime Minister for adjustment of the plan.

3-year public debt management program for the period 2024 - 2026  

According to the Decision, on borrowing and debt repayment of the Government, the total borrowing of the Government in the period of 2024 - 2026 is a maximum of about 1,862.2 trillion VND, of which borrowing for the central budget is about 1,818.3 trillion VND, borrowing for re-lending is about 43.9 trillion VND.

The total debt repayment of the Government in the period of 2024 - 2026 is a maximum of 1,102.8 trillion VND, of which direct debt repayment is about 976.4 trillion VND, and re-loan debt repayment is about 126.4 trillion VND.

Proactively arrange resources to fully fulfill the Government's debt repayment obligations, avoid overdue debt, and prevent it from affecting the Government's international commitments.

About Government guarantee limit  

The decision clearly states that, for the guarantee for the two policy banks issuing bonds: the guarantee level for the Vietnam Development Bank in the period of 2024 - 2026 is a maximum of VND 8,620 billion, the guarantee level for the Vietnam Bank for Social Policies in the period of 2024 - 2026 is a maximum of VND 11,590 billion; equal to the obligation to repay the principal of the Government-guaranteed bonds due in the period of 2024 - 2026.

Thoroughly implement the goal of strictly controlling the issuance of Government guarantees for loans within the guarantee limit approved by competent authorities; the withdrawal level must not exceed the principal repayment obligation in the year.

Regarding borrowing and debt repayment of local governments, the Decision clearly states that local governments' deficit and debt limits must be controlled according to the provisions of the State Budget Law, Resolutions of the National Assembly on piloting a number of specific mechanisms and policies of a number of localities and Resolution No. 23/2021/QH15 dated July 28, 2021 of the National Assembly on the National Financial Plan and borrowing and debt repayment for the 5-year period 2021 - 2025.

Tight control of budget deficit  

The Prime Minister assigned the Ministry of Finance to strictly control the state budget deficit, local budget deficit, local budget debt level, and the Government's debt repayment obligation ratio.

The Ministry of Finance is studying new methods of mobilizing loans, ensuring sufficient loans for development investment, meeting major projects on transport infrastructure, combating climate change, committing to zero net emissions, digital transformation, and controlling public debt and national foreign debt within the ceiling limit and warning threshold for the 2021-2025 period and the following period.

In addition, the Ministry of Finance proactively manages the volume of government bond issuance according to the market's demand and absorption capacity, ensuring that the central budget's capital needs are met with interest rates appropriate to market conditions. Issue a variety of government bond maturities, ensuring the average government bond issuance maturities according to the National Assembly's targets.

The Ministry of Finance submits to the Prime Minister for approval the specific level of government-guaranteed bond issuance guarantee for the Vietnam Development Bank in 2024 based on the provisions of Decree No. 91/2018/ND-CP dated June 26, 2018 of the Government on the issuance and management of government guarantees, this Decision and the project of issuing government-guaranteed bonds of the Vietnam Development Bank. Strengthen inspection and supervision of the use of loans and debt repayment.

The State Bank of Vietnam strictly controls the implementation of the self-borrowing and self-repayment foreign debt limit of enterprises not guaranteed or secured by the Government within the approved limit; presides over the management of foreign debt of the private sector and presides over and coordinates with the Ministry of Finance to report to the Prime Minister in case of negative developments.

Quang Nam has allocated more than 6,300 billion VND of public investment capital.

On April 2, providing information on the disbursement of public investment capital in 2024, Mr. Nguyen Hung - Deputy Director of the Department of Planning and Investment of Quang Nam province said that the province has allocated more than 90% of public investment capital in detail.

The adjusted public investment capital plan for 2024 in Quang Nam province is more than 7,056 billion VND, equal to 82.5% of the 2023 plan. Of which, the central budget is more than 2,194 billion VND and the local budget is 4,861 billion VND.

According to Mr. Hung, up to now, Quang Nam province has allocated more than 6,394 billion VND in detail to sectors and localities, reaching 90.6%.

Of which, the central budget is 2,088 billion VND, reaching 95.1%; the provincial budget is 4,306.5 billion VND, reaching 88.6%. The remaining unallocated capital plan is 662.2 billion VND, including the central budget is 106.9 billion VND and the provincial budget is 555.3 billion VND.

As of March 26, Quang Nam province's 2024 capital plan had disbursed more than VND 629.7 billion, reaching 8.9%.

Mr. Nguyen Hung also said that investment attraction in the first quarter of 2024 in Quang Nam was better than the same period.

Accordingly, Quang Nam province has newly granted 7 foreign investment projects with a total registered capital of 124.24 million USD and newly granted 11 domestic investment projects with a registered capital of 4,112 billion VND, and revoked 2 domestic projects.

Up to now, Quang Nam province has 200 valid foreign investment projects with a total investment capital of 6.2 billion USD and 1,147 domestic investment projects with a total capital of nearly 230,000 billion VND.

In addition, the number of newly established enterprises in the first quarter of 2024 was 301 with registered capital reaching 1,643 billion VND, an increase of 2.3% in the number of enterprises and a decrease of 24.7% in registered capital. The total number of enterprises entering and re-entering the market was 516, an increase of 5.74%.

However, the total number of enterprises registered to temporarily suspend business, wait for dissolution procedures and dissolve is 721, an increase of 14.26% ...

According to Mr. Hung, in the first 3 months of the year, businesses in the province have not really recovered and are facing pressures such as lack of orders, high production costs, etc.

Mr. Nguyen Hung affirmed that the production and business situation of enterprises in the province is still facing many difficulties. Therefore, Quang Nam province will focus on removing difficulties and obstacles for enterprises, especially real estate enterprises...

Quang Nam province will handle and remove obstacles in a specific and practical manner, accompanying the business community, especially key economic sectors...

Quang Nam province will also demonstrate high determination in disbursing public investment capital, considering this a top and consistent political task in 2024, striving for a disbursement target of 100%; in which, by the end of June 30, disbursement will reach over 40% ...

Khanh Hoa starts construction of office building worth over 544 billion VND

On the morning of April 2, Khanh Hoa Provincial People's Committee held the groundbreaking ceremony for the project to build the headquarters of the Provincial Party Committee, the National Assembly Delegation, the People's Council and the People's Committee of Khanh Hoa province.

Attending the groundbreaking ceremony were Mr. Tran Thanh Man, Politburo member, Permanent Vice Chairman of the National Assembly; Mr. Tran Hong Ha, Party Central Committee member, Deputy Prime Minister.

Delegates performed the groundbreaking ceremony.

The Project of Building the Office of the Provincial Party Committee, the Delegation of National Assembly Deputies, the Provincial People's Council, and the Provincial People's Committee has a total investment of more than 544.6 billion VND, inspired by the bird of peace spreading its wings towards the ocean and the sky; the design axis of the project is determined from the center point of the land towards the sovereignty landmark on Truong Sa Lon Island, towards the sacred sea and islands of the Fatherland, expressing the desire to master the ocean and get rich from the sea and islands of the homeland.

The project will meet the requirements for a new workplace for officials, civil servants and public employees; a place to receive citizens and delegations from the Central to local levels and international friends to visit, work and work, creating connections between agencies, shaping a concentrated working area of ​​the central agencies of Khanh Hoa province.

The work after completion will become a highlight for the coastal city of Nha Trang, consistent with the development orientation of Khanh Hoa province under Resolution No. 09/NQ -TW of the Politburo on construction and development of Khanh Hoa province until 2030, with a vision to 2045. The project is expected to be completed and put into use before September 2025 to celebrate the 1925th National Party Committee of Khanh Hoa Provincial Party Committee, 2025 - 2030.

Dung Quat oil refinery: nearly 1.5 billion USD upgraded and expanded

The Ministry of Industry and Trade has just announced the results of evaluation of the feasibility study report on construction investment to adjust the project to upgrade and expand the Dung Quat Oil Refinery Factory by Binh Son Petrochemical Filter Joint Stock Company (BSR).

As a project group A, level I, a project that greatly affects the safety and interests of the community using other capital, the appraisal of the adjustment report is adjusted according to Clause 15, Article 1, Construction Law No. 62/2020/QH14 and Article 58, Construction Law No. 50/2014/QH13.

After upgrading, expanding, Dung Quat oil refinery will have a processing capacity of 171,000 barrels/day. Photo: DM

Related to compliance with the provisions of the law on the construction of construction investment projects and basic design; conditions of construction capacity of construction organizations and individuals practicing construction and evaluation reports said that organizations, individuals or contractors related to this stage are eligible for capacity as prescribed by law.

The basic design of the project is also in accordance with the approved plannings of the competent authorities such as detailed planning of construction of industrial parks in the east of Dung Quat, general planning for construction of Dung Quat Economic Zone until 2045.

The objectives and scale of the project are considered by the Ministry of Industry and Trade to suit the investment policy approved by the Prime Minister in Decision 482/QD-TTg dated 5/5/2023.

However, the Ministry of Industry and Trade said that the total project investment was 36,397 billion VND (equivalent to 1,489 billion USD), an increase of 18.55% compared to the total investment in Decision No. 482/QD-TTg dated 5/5/2023 (31,240 billion VND, equivalent to 1.257 billion USD).

However, the appraisal report said that the project is not in the case of adjusting the investment policy.

The Ministry of Industry and Trade also concludes that the investor is responsible for the accuracy and honesty of the reporting data, responsible for the comprehensive project efficiency of the project; high economic efficiency of the project; there is a control of control and management of investment costs, ensuring optimal and economic efficiency.

On March 29, 2024, BSR published information on the decision to approve the adjustment of the upgraded project and expand Dung Quat oil refinery at the Hanoi Stock Exchange.

Accordingly, Dung Quat Oil Filter will be invested to raise the processing capacity of 148,000 barrels/day to 171,000 barrels/day; the product meets the Euro V standards; meet the environmental standards according to the mandatory roadmap of the government, while improving the flexibility of selecting crude oil, ensuring long -term and effective supply of crude oil for the factory.

To meet these goals, a series of technology workshops will be invested new or corrected.

To arrange capital, BSR said that the equity/loan structure is 40/60, but will also be considered and adjusted in accordance with the actual ability to balance the source.

BSR hired consultants to arrange capital in the form of export credit and borrowed from domestic and foreign commercial banks.

Previously, when the reporting reported to adjust the investment policy, BSR said that the project using equity is arranged from the company's internal source, from the after-tax profit annually (2020-2025), after deducting funds and dividends, depreciation sources after long-term debt repayment and stock issuance to existing shareholders and new shareholders in case the above sources are not sufficient.

About 660 million USD in the plan of arranging capital was given by BSR before approving the adjustment of investment policies in Decision 428/QD-TTg, accompanied by information about credit institutions expressing concern.

According to the Ministry of Finance, in case of meeting the requirements of banks and banks to comply with the commitment, BSR may borrow 575 - 675 million USD, not to mention some other banks with interest and will consider in the later stage.

Thus, 10 years have passed since BSR was approved for investment projects to upgrade and expand Dung Quat oil refinery, with the goal of processing 192,000 barrels/day, the product meets Euro V standards in December 2014.

Proposal to cut capital plans in 2024 with ministries, branches and localities that have not yet allocated details

According to the report of the Ministry of Planning and Investment, by the end of March 31, 2024, out of nearly 657,349 billion dong of capital planned by 2024 was assigned by the Prime Minister, ministries and localities allocated detailed 625,300 billion dong, reaching 95.1% of the Prime Minister's plan.

Thus, the remaining capital has not yet allocated VND 32,000 billion, including: The central budget capital is VND 9,500 billion of 21/44 sets, agencies and 24/63 localities, the local budget balance capital is VND 22,500 billion of 25/63 localities.

The Government is making efforts to promote the allocation and disbursement of public investment capital in 2024.

According to the Ministry of Planning and Investment, implementing the direction of the Government, the Ministry of Planning and Investment is coordinating with the Ministry of Finance to report to the Prime Minister and the Government to submit to the competent authority to reduce the Central Budget Investment Plan in 2024 for units that have not been allocated in detail.

The Ministry of Planning and Investment said that the reason why ministries and localities did not allocate 100% of the State budget investment plan from the central budget in 2024, mainly of new starting projects, which have not yet completed the investment procedures as prescribed in order to be eligible for annual capital planning.

In addition, there are some other causes, such as transition projects that need to be reported to the Prime Minister to extend the time of capital allocation as prescribed in Article 52 of the Law on Public Investment; ; projects under the socio -economic rehabilitation and development program no longer need to allocate capital planning in 2024, due to the arrangement of capital from the 2023 planned source to be extended to 2024 according to Resolution No. 110/2023/QH15 of the National Assembly ...

Meanwhile, foreign capital is not allocated due to not completing the investment procedures as prescribed;

Regarding disbursement capital, citing data of the Ministry of Finance, the Ministry of Planning and Investment said that as of March 31, 2024 was estimated at VND 89,874,751 billion, equal to 13.67% of the Prime Minister's plan, higher than the same period in the same period in 2023 in terms of relative numbers (last year reached 10.35%) and absolute (higher than VND 16,500 billion).

In particular, domestic capital is VND 89,342,002 billion (reaching 14.02% of the Prime Minister's plan), foreign capital is 532,749 billion dong (reaching 2.66% of the Prime Minister's plan).

According to the disbursement rate, the Ministry of Planning and Investment said that there were 4 ministries, central agencies and 23 localities with high disbursement rates (over 20% of the Prime Minister's plan assigned).

However, there are still 38 ministries, central agencies and 26 localities with the rate of disbursement of public investment capital in the first 3 months of 2024 below the average of the country.

According to Minister Nguyen Chi Dung, ministries and localities must promote the allocation and disbursement of public investment capital, determining this is a key political task to promote economic growth.

"It is necessary to promptly handle difficulties and obstacles in supply of sand and rocks ... to accelerate the progress of key, important national projects, airports, seaports, highways, inter -regional projects, inter -provincial and energy infrastructure," Minister Nguyen Chi Dung emphasized.

Quang Nam has 53 valid coastal tourism projects

Information about coastal tourism projects in the province, Mr. Nguyen Hung, Deputy Director of the Department of Planning and Investment (Planning and Investment) of Quang Nam Province, said that until now, Quang Nam province has 58 coastal tourism projects.

Coastal tourism projects have contributed greatly to the tourism industry of Quang Nam province.

According to Mr. Nguyen Hung, coastal tourism projects are invested and put into operation, not only promoting the development of the tourism industry, but also contributing greatly to the province's socio -economic development.

Currently, there are 26 coastal tourism projects that have been put into operation, greatly contributing to attracting tourists for the provincial tourism.

However, there are still a number of coastal tourism projects that do not guarantee progress, due to problems about compensation;

According to Mr. Hung, the province has made guiding documents to resolve projects behind schedule, including coastal tourism projects.

It is known that in 2023, the People's Committee of Quang Nam province issued a letter of direction to solve and solve each group of projects that are slow;

The Provincial People's Committee requests to strengthen the responsibility in performing the state management function for investment projects in the province; regularly checking and supervising investment activities.

In addition, resolutely advising and proposing the provincial People's Committee to completely handle projects slowly, not to generate additional projects slowly in the area; at the same time, organize the review and clarifying the responsibilities of the collectives and individuals involved in the state management leading to the slow progress of investment projects and shortcomings, problems, prolonged, arising ...

Many Vietnamese businesses have more investment plans in ASEAN markets

The results of the "ASEAN Business Survey" of HSBC showed that about 9/10 Vietnamese enterprises have more investment plans in ASEAN markets.

Surveying HSBC synthesized 600 answers from businesses with an annual revenue of at least 150 million USD.

ASEAN is Vietnam's third largest import market in the first quarter of 2024, according to the General Statistics Office.

According to HSBC's survey results conducted with people who have a decisive role in corporate finance in the 6 largest economies in the region.

The survey also shows that domestic technology capacity and supply chain chain are the leading barriers for businesses in Vietnam when seeking to expand to the new ASEAN market, emphasizing the need to plan carefully and find professional advice when investing abroad.

Product development is the top priority of businesses in Vietnam, then expanded to ASEAN. 94% of the people who were asked to expect their trade activities in the ASEAN internal increased in 2024, with 27% expectation to increase higher than 30%.

Enterprises have plans to invest in new markets in ASEAN, technology and digitalization of expected areas in ASEAN.

ASEAN is a dynamic commercial block with the fastest growth global.

Mr. Ahmed Yeganeh, National Director of Business Banking Services, HSBC Vietnam, said that ASEAN is one of the fastest dynamic and growing commercial blocks in the world. As a member of ASEAN, Vietnam is proud to have 16 FTAs ​​signed with many countries and territories, a strong consumer market, an impressive FDI story and growth economy.

"Our survey data shows that enterprises operating in Vietnam not only focus on domestic growth, but also aims to expand into new markets in ASEAN, as well as develop business through investment activities in the field of technology and digital, in order to meet the development of the digital economy here," Mr. Ahmed said.

In March 2024, HSBC announced the ASEAN GROWTH Fund (ASEAN Growth Fund) worth $ 1 billion, with the goal of helping the regional digital platform enterprises achieve economic advantages thanks to the scale, development of asset lists and growth throughout the life cycle of the business.

The ASEAN growth fund of HSBC provides loans to businesses that are increasing the scale through digital platforms across Southeast Asia. The fund to support new economic enterprises, older businesses and non -bank financial institutions through evaluation of operational indicators related to their cash flow portfolio, instead of just relying on traditional financial indicators.

Da Nang has a new level of 15 FDI ​​projects, total capital of more than $ 22 million

According to the Statistics of Da Nang City, as of March 15, the city has granted an investment certificate for two domestic capital projects with a total new registered capital of VND 1,228 billion.

Regarding attracting foreign direct investment (FDI), as of March 15, Da Nang city has granted 15 new projects with newly registered capital of 22.148 million USD.

In January 2024, KP AERO INDUSTRIES CO., LTD (Korea) invested in the project to build KP VINA Aviation Components Factory in Da Nang.

The Da Nang City Statistics Office also said that the total social investment capital is estimated to reach 6,201 billion VND in the first quarter of 2024.

Of which, the state sector's investment capital in the first quarter of 2024 continued to maintain a stable growth rate of 5.0% over the same period in 2023 with a total capital estimated at VND 1,675 billion. Centrally managed capital is estimated at VND 334 billion; locally managed capital is estimated at VND 1,341 billion.

Some state-owned enterprises have high investment in the first quarter of 2024, such as Da Nang Rubber Joint Stock Company with the project to invest in expanding the Radial truck tire factory to increase capacity to 1 million tires/year; Da Nang Port Joint Stock Company with the project to invest in the yard behind bridge 4.5 Tien Sa Port; Da Nang Electricity One Member Co., Ltd. ...

In the non-state sector, the value of realized investment capital of this sector in the first quarter of 2024 is estimated at 3,597 billion VND.

Some large projects were implemented in 2024, expected to bring high value in the city, such as: CT3-CT7 Da Nang Times Square project of Kim Long Nam Joint Stock Company; The Filmore Apartment Project of Filmore Real Estate Development Joint Stock Company; ; Facomplex 3 building of FPT Da Nang Urban Joint Stock Company ...

For the foreign direct investment (FDI) sector, the realized investment capital of the FDI sector in the first quarter of 2024 is estimated at VND929 billion, an increase of 11.6% over the same period last year. Some enterprises with large investment values ​​in the quarter include: Ngu Hanh Son Sea Tourism Joint Stock Company; Fujikura Automotive Vietnam Co., Ltd.; Nam Phat Hotel and Villa Co., Ltd.; Universal Alloy Corporation Vietnam Co., Ltd....

Regarding the business situation, in the first 3 months of 2024, Da Nang city issued new business registration certificates to 824 enterprises, branches and representative offices, with a total registered charter capital of more than VND 2,904 billion.

However, since the beginning of the year, 160 enterprises and affiliated units have completed dissolution procedures; 2,669 enterprises, branches and representative offices have temporarily suspended operations.

However, according to the Da Nang City Statistics Office, the optimistic signal is that the number of enterprises and affiliated units resuming operations increased by 17.8% compared to the same period in 2023. Up to now, in Da Nang city, there are 40,223 enterprises, branches and representative offices in operation...

Quang Ngai removed the transportation of 3,500 billion VND for transportation

According to the Management Board of the Construction Investment Project of Quang Ngai Transport works so far, has completed the work of counting land and property on the land for the main route of 163.21/164.51 ha, reaching 99.2% of the total planning area;

Regarding the preparation and approval of compensation plans, supporting ground clearance, People's Committees of districts and cities have approved 14 compensation options for 6.15/164.51 ha, reaching 3.7% and 2,891/4,856 tombs, reaching 59.3%.

The project has the end point connected to Hoang Sa street at the beginning of the bridge to offer Tra Khuc.

The work of handing over the construction ground reaches 15.5%, with 25.54/164.51 hectares handed over to contractors; completing the approval of detailed planning of 1/500 scale for 10/10 resettlement areas;

The leader of this project management board said that there are still many problems, especially the determination of specific land prices calculating compensation in 2024.

Specifically, at present, the dossiers of the specific land price determination to calculate the compensation fee of 2024 of organizations in charge of compensation and submission after Decree No. 12/2024/ND-CP dated February 5, 2024 of the Government effective have not implemented the investigation, survey, collection of land price information on land use rights or land price successfully in the market and the application of the legal service. In these procedures, the implementation time will be extended, not guaranteeing the progress of the project clearance work. Therefore, the advisory agencies are still confused, not submitted to the People's Committee of Binh Son, Son Tinh and Quang Ngai districts for specific land prices.

Therefore, the Management Board requests Quang Ngai People's Committee to direct the Department of Natural Resources and Environment to study and issue documents to guide the People's Committees of districts and cities to organize the implementation of the order as prescribed and the time to complete the procedures is the shortest.

In addition, the project goes through the area of ​​rice land accounting for a large proportion in the planning area (37.5%) but so far has not been allowed by the Prime Minister to change the purpose of use, so it is not eligible to issue a notice of land acquisition as a basis for the implementation of ground clearance.

Therefore, in order to accelerate the implementation of the ground clearance of the project, the Project Management Board asked the People's Committee of Quang Ngai Province to continue directing the Department of Natural Resources and Environment to urgently explain and revise the completion of some contents of the dossier at the request of the Evaluation Council before submitting it to the Prime Minister (the provincial People's Committee assigned the task of the Department of Natural Resources and Environment to advise in Official Dispatch No. 1295/UBND-KTN on March 14, 20024.

Regarding this project, Vice Chairman of Quang Ngai People's Committee Tran Phuoc Hien asked the project management to focus on coordinating with localities to accelerate the progress of compensation and site clearance as planned;

The Vice Chairman of the Provincial People's Committee requested the Project Management Board to build and plan the implementation of the project with the contents for each specific part, which urgently completed the dossier to submit to the Prime Minister to allow the change of rice land use purpose for the project in April 2024.

Preliminary verification of Gia Nghia - Chon Thanh highway project 128.8 km long

On the afternoon of April 3, the Permanent Economic Committee of the National Assembly met the Government's Preliminary Execution session on the Government's report on the pre -feasibility study report on the construction of the North -South Expressway in the West of Gia Nghia section, Dak Nong - Chon Thanh Province, Binh Phuoc Province, according to the National Assembly Electronic Information Portal.

Reports of the Ministry of Transport stated, Gia Nghia - Chon Thanh Expressway has the first point of intersection with Ho Chi Minh Road (Highway 14) at Km1.915 + 900, in Dak R'lap district, Dak Nong province;

According to the planning, Gia Nghia - Chon Thanh has a scale of 6 lanes with a total length of about 128.8 km. In which, the length of the highway is about 126.8 km; complete;

Preliminary total investment of the project of VND 25,540 billion, including VND 12,770 billion and VND 12,770 billion capital mobilized by investors.

The Government proposes to divide the investment project to build the North - South highway in the west of Gia Nghia section (Dak Nong) - Chon Thanh (Binh Phuoc) into 5 component projects (including 1 project of investment in PPP method and 4 public investment projects).

Regarding the expected progress, the project prepares for investment since 2023, implementing the project since 2024, striving to complete the project in 2026.

The opinions at the basic meeting are unified with the need for project investment, saying that, after completing Gia Nghia - Chon Thanh highway, it will form an important connection axis, creating a new space to promote socio -economic development, ensuring national defense and security in the Central Highlands and Southeast region.

According to the Chairman of the Economic Committee Vu Hong Thanh, the project investment in PPP will help take advantage of technology, experience, management capacity and capital of private investors, as well as meet the requirements of reality today, because the demand for public investment in the coming years is very large. The traffic will increase rapidly, ensuring the financial plan of the investor ..

The Chairman of the Economic Committee also asked the Government and the Ministry of Transport to soon complete the set of documents and related documents for the Standing Committee of the National Assembly to comment at the 32nd meeting.

Preliminary verification of Gia Nghia - Chon Thanh highway project 128.8 km long

On the afternoon of April 3, the Permanent Economic Committee of the National Assembly met the Government's Preliminary Execution session on the Government's report on the pre -feasibility study report on the construction of the North -South Expressway in the West of Gia Nghia section, Dak Nong - Chon Thanh Province, Binh Phuoc Province, according to the National Assembly Electronic Information Portal.

Reports of the Ministry of Transport stated, Gia Nghia - Chon Thanh Expressway has the first point of intersection with Ho Chi Minh Road (Highway 14) at Km1.915 + 900, in Dak R'lap district, Dak Nong province;

According to the planning, Gia Nghia - Chon Thanh has a scale of 6 lanes with a total length of about 128.8 km. In which, the length of the highway is about 126.8 km; complete;

Preliminary total investment of the project of VND 25,540 billion, including VND 12,770 billion and VND 12,770 billion capital mobilized by investors.

The Government proposes to divide the investment project to build the North - South highway in the west of Gia Nghia section (Dak Nong) - Chon Thanh (Binh Phuoc) into 5 component projects (including 1 project of investment in PPP method and 4 public investment projects).

Về tiến độ dự kiến, Dự án chuẩn bị đầu tư từ năm 2023, thực hiện Dự án từ năm 2024, phấn đấu hoàn thành Dự án năm 2026.

Các ý kiến tại phiên họp cơ bản thống nhất với sự cần thiết đầu tư Dự án, cho rằng, sau khi hoàn thành cao tốc Gia Nghĩa - Chơn Thành sẽ hình thành trục kết nối quan trọng, tạo không gian mới thúc đẩy phát triển kinh tế - xã hội, đảm bảo quốc phòng, an ninh khu vực vùng Tây Nguyên và Đông Nam Bộ.

Theo Chủ nhiệm Ủy ban Kinh tế Vũ Hồng Thanh, việc đầu tư dự án theo phương thức PPP sẽ giúp tận dụng lợi thế về công nghệ, kinh nghiệm, năng lực quản lý và nguồn vốn của nhà đầu tư tư nhân, cũng như đáp ứng đòi hỏi của thực tế hiện nay, vì nhu cầu đầu tư công trong những năm tới là rất lớn. Mặt khác, kinh nghiệm từ thực hiện cao tốc Hải Phòng - Hà Nội, cũng như một số đoạn cao tốc trên dự án đường cao tốc khác cho thấy, khi có sự kết nối lưu thông giữa các tuyến cao tốc trong một khu vực thì lưu lượng lưu thông sẽ tăng nhanh, bảo đảm phương án tài chính của chủ đầu tư..

Chủ nhiệm Ủy ban Kinh tế cũng đề nghị Chính phủ, Bộ Giao thông - Vận tải sớm hoàn thiện bộ hồ sơ, các tài liệu liên quan để Ủy ban Thường vụ Quốc hội cho ý kiến tại Phiên họp thứ 32 tới.

Quảng Bình đầu tư 100 tỷ đồng khắc phục sự cố sạt lở bờ biển

UBND tỉnh Quảng Bình cho biết, Chủ tịch UBND tỉnh Quảng Bình Trần Thắng vừa ký ban hành quyết định phân bổ kinh phí từ nguồn dự phòng ngân sách Trung ương năm 2023 khắc phục hậu quả thiên tai, sạt lở cho Dự án khắc phục khẩn cấp sạt lở bờ biển phường Quảng Phúc, thị xã Ba Đồn với kinh phí 100 tỷ đồng.

Theo đó, dự án này được giao cho Ban Quản lý dự án đầu tư xây dựng ngành Nông nghiệp và Phát triển nông thôn (Sở Nông nghiệp và PTNT Quảng Bình) làm chủ đầu tư. Thời gian thực hiện dự án và giải ngân kế hoạch vốn đến hết ngày 31/12/2024. Sau thời hạn này, số vốn không được giải ngân hết sẽ bị hủy dự toán theo quy định.

UBND tỉnh Quảng Bình yêu cầu chủ đầu tư dự án có trách nhiệm triển khai các bước tiếp theo đảm bảo quy trình, thủ tục theo quy định của pháp luật về đầu tư công hiện hành và hướng dẫn của Bộ, ngành Trung ương; đồng thời thực hiện giải ngân nguồn vốn theo đúng tiến độ quy định, chịu hoàn toàn trách nhiệm toàn diện trước Tỉnh ủy, HĐND tỉnh, UBND tỉnh nếu không thực hiện và giải ngân hết số vốn bố trí, bị cắt giảm, thu hồi. Và phải tự thu xếp nguồn vốn thuộc ngân sách để thực hiện phần khối lượng bị cắt vốn.

Được biết, trong những năm qua, khu vực bờ biển ở tổ dân phố Tân Mỹ, phường Quảng Phúc, thị xã Ba Đồn bị biển xâm thực khá mạnh.

Bên cạnh đó, do ảnh hưởng của các cơn bão kết hợp với gió mùa đông bắc và triều cường, biển động mạnh đã làm bờ biển tại tổ dân phố Tân Mỹ bị sóng biển đánh gây sạt lở nghiêm trọng hơn, chiều dài ước tính khoảng 2 km.

Theo lãnh đạo thị xã Ba Đồn cho biết, tình trạng sóng biển mạnh đã làm sạt lở sâu vào bãi bồi, đẩy cát tràn vào đường, khiến xe cộ không thể qua lại được. Hiện tượng sạt lở dọc bờ biển cũng gây ảnh hưởng đến đời sống của 10 hộ dân với 40 nhân khẩu của tổ dân phố Tân Mỹ. Trước tình hình trên, UBND thị xã Ba Đồn và UBND phường Quảng Phúc cũng đã đề xuất UBND tỉnh Quảng Bình xem xét bố trí nguồn kinh phí để đầu tư xây dựng tuyến kè biển này.