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Posts Tagged ‘trillion’

VND1.6 trillion for building new rural areas

In Uncategorized on January 8, 2011 at 4:10 am

VND1.6 trillion for building new rural areas

QĐND – Tuesday, January 04, 2011, 20:43 (GMT+7)

Nearly VND1.6 trillion will be poured into a national target programme to create new rural areas, according to the Ministry of Agriculture and Rural Development.

The amount of money will be allocated to all the communes across the country to help them construct roads, provide clean water, improve the quality of the environment and build culture houses.

Under the programme, a zoning plan for 70 percent of communes and a master plan for the 2011-2015 period to develop new rural areas at district and provincial levels is expected to be finish by the end of this year.

The programme will also concentrate on training staff involved in the programme, restructure the economy, and renew forms of production.

Source: VOV

Source: QDND

VND 1.3 trillion funded for sewage processing

In Uncategorized on November 25, 2010 at 5:21 pm

VND 1.3 trillion funded for sewage processing

QĐND – Thursday, November 25, 2010, 20:57 (GMT+7)

The Hanoi People’s Committee has finally passed the plans and conditions to mobilise capital for projects to collect and process waste water in Ha Dong and Son Tay.

The projects, costing some VND 1,296 billion from the French Government’s ODA and Vietnam’s corresponding capital will be managed by the City’s Construction Department.

Under the projects, an underground drainage system that will collect waste water from households of 116,000 people on an area of 1,545 ha and a liquid waste processing plant will be built in Ha Dong.

Similar subprojects will be implemented in Son Tay Town.

Officials said that the projects are aimed to improve living conditions for local dwellers in the response to the increasing urbanisation and the downgraded liquid waste processing facilities in the two localities.

Source: HNM

Translated by Thu Nguyen

Source: QDND

My Thuan-Can Tho highway needs over VND 6 trillion

In Uncategorized on November 6, 2010 at 1:49 am

VND 1.3 trillion invested in sea dykes

In Uncategorized on June 28, 2010 at 4:49 pm

VND 1.3 trillion invested in sea dykes

QĐND – Monday, June 28, 2010, 22:7 (GMT+7)

The Ministry of Agriculture and Rural Development proposed that the Government would invest VND 1,300 billion in the sea bank system from Quang Ninh to Quang Nam.

During the five-year sea dyke upgrading programme reviewing conference, the Ministry’s officials claimed that the sea bank system from Quang Ninh to Quang Nam needed upgrading and fortifying, and coastal forests in the area should be protected and replanted.

At the conference, Deputy Prime Minister Nguyen Sinh Hung agreed to the proposal and asked involved local authorities to immediately draw up plans to recover and replant coastal forests in their localities.

He ordered local authorities to finish all coastal forest planting projects in 3 years.    

Source: NLD/ Photo: VNA

Translated by Thu Nguyen

Source: QDND

VND3.5 trillion disbursed to build dormitories

In Uncategorized on June 18, 2010 at 4:22 am

Dormitory of Vietnam National University in Ho Chi Minh CityAccording to the Ministry of Construction, the total investment for student housing projects will reach VND3.88 trillion by the end of June.

VND3.54 trillion has already been disbursed, accounting for 64 percent of the total capital apportioned for the period of 2009-2010.

Last year, the government allocated VND3.5 trillion from debenture bonds for 94 projects in 28 cities and provinces. There are 92 projects underway with most of them progressing as scheduled.

However, the progress of some projects in Hanoi and Ho Chi Minh cities has been delayed due to difficulties with site clearance.

This year, the government allocated VND2 trillion for student housing projects while more than VND2.5 trillion are needed to meet the demand.

Source: SGGP

US debt tops 13 trillion dollars for first time

In Uncategorized on June 3, 2010 at 10:11 am

US debt has reached 13 trillion dollars for the first time in history, the Treasury Department has said, stoking a political furor over government spending.

Amid vast government outlays designed to end the economic crisis, the debt reached a record 13,050,826,460,886.97 dollars on June 1, according to official figures.

The debt has more than doubled in the last 10 years and now stands at just under 90 percent of annual gross domestic product.

Against this backdrop, steaming the flow of red ink has become a contentious political issue in Washington, with Democrats and Republicans trading barbs about who is to blame.

Earlier on Wednesday President Obama assailed Republicans for leaving him with the type of spiraling short-term deficits that fuel longer-term debt.

The US Treasury building in Washington, DC. US debt has reached 13 trillion dollars for the first time in history, the Treasury Department has said.

The US government suffered its 19th consecutive month of budget deficit in April.

“By the time I took office, we had a one-year deficit of over one trillion dollars and projected deficits of eight trillion dollars over the next decade. Most of this was the result of not paying for two major tax cuts skewed to the wealthy, and a worthy but expensive prescription drug program that wasn’t paid for,” Obama told an audience in Pittsburgh, Pennsylvania.

“I always find it interesting that the same people who participated in these decisions are the ones who now charge our administration with fiscal irresponsibility.

“Despite all their current moralizing about the need to curb spending, this is the same crowd who took the record 237 billion dollar surplus that president Clinton left them and turned it into a record 1.3 trillion dollar deficit.”

But Republicans have lambasted Obama for expanding government spending since he came to office through a massive reform of healthcare.

The debt has risen by around 2.4 trillion dollars since Obama took office in January 2009 and rose 4.9 trillion dollars in the eight years George W. Bush spent in office.

“Thirteen is certainly an unlucky number, especially for our children and grandchildren who will be left to dig out of trillions of dollars worth of debt,” said Republican Senator Judd Gregg, a frequent critic of Obama’s budget policies.

“This dangerous and unsustainable level of debt cannot continue without bankrupting our country, and I urge the majority to slow its explosion of spending and borrowing before it is too late.”

But economists are sharply divided over how quickly the US should move to rein in spending.

Some believe that a rapid tightening of government expenditure, or an increase in taxes could remove the one support that is keeping the United States from falling deeper into recession.

But as debt-contagion fears grip Europe others have warned that the United States has limited time to forge a credible plan to end its own fiscal woes.

Even the normally cautious Federal Reserve Chairman Ben Bernanke has warned that politically painful tax hikes or spending cuts could be needed to balance the budget.

Obama has launched a bipartisan debt commission to investigate ways of tackling the problem. It is expected to produce its findings by the end of the year.

Source: SGGP

HCM City earmarks VND 5 trillion for green project

In Uncategorized on June 1, 2010 at 3:49 pm

HCM City earmarks VND 5 trillion for green project

QĐND – Tuesday, June 01, 2010, 22:13 (GMT+7)

Six green parks, including Green Garden in District 12, park around Vinh Loc Lake in Binh Chanh District, the Zoo-Botanical park in District 9 and Thanh Da eco-site in Binh Thanh District, in Ho Chi Minh City will be built in 2010, according to local officials.

In addition, Gia Dinh Park, a park in Thu Duc District, Suoi Tien tourist resort, Dam Sen cultural park will be upgraded in 2010 and years to come.

The city will earmark VND 5,000 billion and 600 ha of land for the project, officials declared.

To guarantee that parks and green areas agree with the designs and plans, competent agencies will regularly monitor and inspect works during the project implementation, affirmed the officials. 

Source: DDDN

Translated by Thu Nguyen

Source: QDND

VND 1.4 trillion to build a tourist complex

In Uncategorized on May 27, 2010 at 5:13 am

Sadacorp proposes a VND 7.5 trillion water project

In Uncategorized on May 20, 2010 at 5:09 pm

Sadacorp proposes a VND 7.5 trillion water project

QĐND – Thursday, May 20, 2010, 21:1 (GMT+7)

Sai Gon Dau Tieng Water Supply Joint Stock Compay (Sadacorp) has just sent its proposal to the Government to launch a large water supply project in Ho Chi Minh City.

Under the proposal, the company will deploy a project costing VND 7,500 billion. The project includes a water plant with a capacity of 600,000 square meters per day in Hoc Mon district and a pumping station in Dau Tieng Lake.

If the proposal is passed by the Government, the project will be implemented between now and 2025.

The investors said that the project aims to supply clean water for local industrial zones and urban areas.

Source: DDDN

Translated by Thu Nguyen

Source: QDND

VND8 trillion to invest in developing 211 fishing ports

In Vietnam Economy on March 17, 2010 at 4:44 pm

VND8 trillion to invest in developing 211 fishing ports

QĐND – Wednesday, March 17, 2010, 21:13 (GMT+7)

Prime Minister Nguyen Tan Dung has approved an VND8 trillion project designed to build a total of 211 fishing ports in 28 coastal provinces and cities throughout the country from now until 2020.

Of those, 178 fishing ports capable of handling over 2.1 million tonnes of seafood each year will be constructed along the coast of the targeted localities and the remainder will be built on islands, which are capable of unloading 215,000 tonnes of seafood per annum.

In the first phase running to 2012, the project will prioritise the construction of key fishing ports as well as those, which are also used as shelters for fishing boats.

From 2013 onwards, it will build key fishing ports in line with the country’s overall planning and upgrade a number of fishing ports accessible to international ones.

Funding for the project will be sourced from state and local budgets, domestic economic sectors, and foreign investment inflows.

Source: VOV

Source: QDND