AEC Feed

Ho Chi Minh City is waiting for the government’s approval to expand a chain of software parks including into other provinces following the success of its Quang Trung Software City.
Since the first QTSC was built in District 12 more than 13 years ago, it has grown into a chain that includes QTSC 2, which is now awaiting land allocation, and others at the Vietnam National University of HCMC in Thu Duc district, the VNPT complex in District 10 and the HCM City University of Technology.
Le Thanh Liem, deputy chairman of the city People’s Committee, said last week that creating the chain would be significant to the city’s development.
Under the proposed programme, the city together with some southern provinces will set up and upgrade infrastructure for IT development.
Another Quang Trung Software City is planned in Dalat.
All the parks in the chain would be expected to follow the standards of the first QTSC.
Nguyen Duc Chung, head of the Department of Information and Communication’s planning section, said preparations for a QTSC in Dalat were complete and waiting for approval from the government. – Viet Nam News

EXPERTS FEAR FOR STOCK EXCHANGE
Yangon Stock Exchange is not yet ready, said some experts gathering at a discussion on Saturday on “Is Myanmar’s first-ever stock exchange ready?”
Soe Thein, retired deputy director-general of the finance ministry, said he was worried that all six companies will get the greenlight simultaneously.
“The current situation is very confusing. No other country would accept it. They will run into trouble if they give the greenlight to all the companies within the next three months. It has opened as planned in accord with the roadmap drafted in 2008.
“To be honest, it is not ready.”
At the event, Joerg Wolle, CEO of Diethelm Keller SiberHegner Holding, warned that local companies should not be in a haste to list.
“We have to make preparations for many years to be listed on the stock exchange.” – Myanmar Eleven

LUANG PRABANG TOWN
Luang Prabang provincial authorities have plans to expand the town to ease traffic congestion amid the increasing number of tourists to the World Heritage |Site.
The Luang Prabang town expansion project covers 100 hectares of land starting from Donkeo village to Luang Prabang airport through Phanom and Nasangveuy villages.
“Our company has finished a design and survey at a cost of more than one billion kip (Bt4 million),” director of Duangpaseut Road and Bridge Construction Co Bounthieng Duangpaseuth told the Vientiane Times recently.
The project includes construction of concrete and asphalt roads and a new bridge across Nam Khan River, with construction expected to be finished within two years.
The project will cost US$40-$50 million and be funded by the government.
“The company is currently waiting for budget from the government for full construction of the project,” he said. – Vientiane Times