Vietnam eyes construction projects for pump priming 

The government will lend most of its proposed US$1 billion economic stimulus package to feasible construction projects, Tuoi Tre newspaper has reported, quoting Minister of Planning and Investment Vo Hong Phuc.

The loans may focus on low-income housing, student lodgings and electricity plants, Phuc said, according to the newspaper.

The investment would help boost production of building materials, create more jobs and increase domestic consumption, all of which are showing signs of a slowdown, he said.

 Bloomberg

>   Hotels wary of economic slowdown, don’t plan rate hikes  (08/12/2008)

>   Vietnamese enterprises receive Int’l Asia Pacific Quality Award (08/12/2008)

>   Door unlocks demand (08/12/2008)

>   ODA fuels growth engine (08/12/2008)

>   Which mobile network is the best? (08/12/2008)

>   Coffee exporter receives 48.5 million USD loan (07/12/2008)

>   High-end tower to open in HCM City (07/12/2008)

>   HAGL to improve its IT systems (07/12/2008)

>   Alstom group seals 54.6 million USD rail signaling contract (07/12/2008)

>   Vinafood II to export more rice to Malaysia (07/12/2008)