Vietnamese Prime Minister Nguyen Tan Dung has approved a project to invest VND3 trillion ($154 million) to train manpower for the nuclear power industry by 2020.

Vietnam is seeking VND286.9 trillion ($14.85 billion) for the construction of the 3rd phase of Ho Chi Minh highway project, the second route running from the north to the south of the country.

Employers in Vietnam will be imposed tougher pecuniary fines of between VND1 million and VND30 million ($51.5-$1,550) for their infringements of regulations on social insurance payment.

Foreign investors are estimated to have disbursed around $65 billion in Vietnam so far out of a total pledged $188.4 billion into 11,800 foreign direct investment (FDI) projects, said the Foreign Investment Agency.  

Vietnam has recorded a rapid economic growth rate and is seen as an emerging market in Asia for its business potential, the Vietnam News Agency cited an article published on a German online journal as saying.