Investing

Nguyen Cong Thinh, Deputy Director of the Ministry of Construction’s Department of Science, Technology and Environment What is your assessment of green building in Vietnam? A number of international organizations and professional associations, such as the United Nations Development Program (UNDP), International Finance Corporation (IFC), Vietnam Association of Architects, Vietnam Construction Environment Association (VCEA) and Vietnam Real Estate Association (VNREA) have been carrying out activities to facilitate green building and urban development. The Hanoi Architectural University and the National University of Civil Engineering are training and providing human resources for green urban development and research. Sustainable, green building has become a strategic target of the construction industry, and businesses are encouraged to invest in it. Why are many businesses unwilling to develop green buildings? Many businesses are not willing to develop green buildings … [Read more...] about Few to invest in green building despite long-term savings

GIC/AHK: Stable, transparent and reliable legal framework needed   Marko Walde, Chief Representative, Delegation of German Industry and Commerce Vietnam (GIC/AHK).Photo: GIC/AHK We perceive the business and investment environment consisting of economic and non-economic factors and the results could be an increase in economic output and thereby economic growth. If we look at the economic results of Hanoi, we would say that 2019 will be a successful year of Hanoi with a number of positive developments and perspectives. Hanoi expects 7.4 – 7.6% economic growth for 2019 and according to the Ministry of Planning and Investment, this city attracted more than US$5.3 billion in foreign direct investment projects in the first half of 2019, establishing itself as the country’s top FDI destination this year. Hanoi encourages and promotes innovation and start-ups as well as shows its commitment to become a smart city by implementing green and clean energy as well as … [Read more...] about Hanoi’s investment climate in the eyes of foreign businesses

The total costs for these 11 projects are estimated at VND118 trillion (US$5 billion) The conference drew the participation of around 100 domestic investors and 50 foreign investors from Japan, China and the Republic of Korea. MOT Deputy Minister Nguyen Nhat said, in the first stage until 2020, Vietnam plans to build 11 sections of the North-South Expressway with a total length of 654 kilometres traversing 13 provinces and cities. Three sections will be funded by the government budget while the other eight will be built under public-private partnerships (PPP). The total costs for these 11 projects are estimated at VND118 trillion (US$5 billion), of which the government will spend VND55 trillion (US$2.4 billion) on three public investment projects and site clearance for other projects. Deputy Minister Nhat said the MOT is working to complete the technical designs and site clearance for the projects. He added that the eight PPP projects will be open to international bidding with … [Read more...] about Vietnam calls for investment in North-South Expressway

The planned Thu Thiem Urban Area in HCMC's District 2 seen from above - Photo by VnExpress The complex will spread over nearly 14,500 square meters and be built between 2019 and 2021, according to its Department of Planning and Investment. It will require two land parcels in Thu Thiem, in District 2 east of the Saigon River, for two towers of 20-50 floors. Compensation payments for the land have been made, the department said. The project is one of 210 projects the city has prioritized for investment this year. The department said many investors have expressed interest in it, both domestic and foreign. The domestic firms are Refrigeration Electric Engineering Corporation (REE), state-owned HCMC Finance and Investment Company (HFIC), hospitality company 216 Corporation, and real estate firm Van Phu Invest. The foreign firms include Australian property developer Sakkara, Singapore sovereign wealth fund GIC and U.S. architecture company Steelman Partners. HFIC is currently working with … [Read more...] about HCM City calls for investment to build $210 million financial hub

The Vietnamese government is trying to lure investors to the country’s infrastructure development projects amid limited public funding and experts believe the investors will come if the government can create a sound legal and regulatory environment.   The key for Vietnam’s infrastructure upgrade is a well-crafted PPP law Currently, only 10% of Vietnam’s infrastructure is funded by the private sector, much lower than many other middle-income countries in Asia. However, experts at the Asian Development Bank (ADB) said that a well-structured law on private-public partnerships (PPP) is a key opportunity to upgrade Vietnam’s infrastructure as it will attract the investors. According to experts, the country’s current PPP investment regulations are not sufficient to create a comprehensive framework for investments. Naoyuki Yoshino, dean of ADB Institute, said that private investors, especially foreign investors, remain skittish about investing in … [Read more...] about Well-structured law to channel foreign investment into Vietnam’s infrastructure