Viet Nam is seeking more private investment to finance infrastructure projects, but it also needs to generate higher returns on those investments. Naoyuki Yoshino, dean of the Asian Development Bank Institute (ADB Institute), spoke to Viet Nam News reporters Bo Xuan Hiep and Nguyen Viet Dung about ways to attract private funds for infrastructure development. What is the importance of infrastructure development in Viet Nam? Infrastructure projects generate other benefits in addition to operating revenue like toll fees. For example, a highway may benefit a company through cost savings and increase sales from faster transport of raw materials and final products, as well as generate usage fees. In many developing countries in Asia, including Viet Nam, I’ve observed heavy traffic congestion in cities, and a lack of sufficient highways, trains and various modes of public transport. In Southeast Asia, infrastructure investment worth a total of US$8 billion is implemented every year. … [Read more...] about VN seeks new ways to attract private funds for infrastructure projects
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Cần Thơ plans first green infrastructure project
Viet Nam News CẦN THƠ — The Mekong Delta city of Cần Thơ plans to build its first green infrastructure project in the form of a car park, Vietnam News Agency reported on Thursday. The information was revealed during a meeting held by the city’s People’s Committee. Accordingly, the project will cover an area of 0.5ha along the Rạch Ngỗng River and Thới Nhựt 2 resettlement area in An Khánh Ward, Ninh Kiều District. It aims to develop green infrastructure to serve local communities through an ecological framework for social, economic and environmental health. Trịnh Anh Tuấn, of Cần Thơ University’s Research Institute of Climate Change and a member of the project development team, said upon its completion, the project would help improve the surrounding environment and living conditions. “The river banks will be designed to maintain natural conditions and create an … [Read more...] about Cần Thơ plans first green infrastructure project
Vietnam eyes private investment in infrastructure projects
Vietnam will focus on attracting private investment in infrastructure to accelerate economic growth, Deputy Minister of Planning and Investment Vu Dai Thang said at the Vietnam Economic Forum (VEF), which opened Wednesday in Hanoi. Developing the infrastructure system was identified one of three breakthroughs in Vietnam’s socio-economic development strategy, besides institution reforms and human resource development. - Photo baogiaothong.vn Speaking at a workshop on infrastructure development, financing and governance in Asia, Thang said the Vietnamese Government had paid special attention to promoting private investment, especially via the public-private partnership (PPP) model, in recent years. He cited statistics that Vietnam has attracted 147 PPP projects worth a total VND1.14 quadrillion (US$52 billion), contributing significantly to improving infrastructure in the country. “Private investment has been and will continue to be an important resource in the … [Read more...] about Vietnam eyes private investment in infrastructure projects
VN eyes private investment in infrastructure projects
Viet Nam will focus on attracting private investment in infrastructure to accelerate economic growth, Deputy Minister of Planning and Investment Vu Dai Thang said at the Viet Nam Economic Forum (VEF), which opened Wednesday in Ha Noi. Speaking at a workshop on infrastructure development, financing and governance in Asia, Thang said the Vietnamese Government had paid special attention to promoting private investment, especially via the public-private partnership (PPP) model, in recent years. He cited statistics that Viet Nam has attracted 147 PPP projects worth a total VND1.14 quadrillion (US$52 billion), contributing significantly to improving infrastructure in the country. “Private investment has been and will continue to be an important resource in the future, given the limited Government budget for public investment,” Thang stressed. Developing the infrastructure system was identified one of three breakthroughs in Viet Nam’s socio-economic development strategy, … [Read more...] about VN eyes private investment in infrastructure projects
Directing FDI into large transport infrastructure projects
The North-South Expressway is one of the projects that is calling for foreign investors Seaport projects pushing ahead Four months after since the first shipment in May 2018, the construction of the first and second container ports of Haiphong International Port (component B) with the total investment about $321 million has begun, hoping to attract more international shipping lines to the country. The project is developed by Haiphong International Container Terminal Co., Ltd. (HICT), a joint venture between Saigon New Port, Japan’s Mitsui OSK Lines (MOL), Taiwan’s Wan Hai Lines (WHL), and Japan’s Itochu Corporation (ITO). Haiphong International Port is the first deep-water port in the key economic region in North Vietnam, which is capable of receiving vessels up to 14,000 TEU and cargo ships up to 160,000 DWT. From this port, the import and export goods from North Vietnam can be directly transferred to Europe, America. In addition, HICT’s project is only one … [Read more...] about Directing FDI into large transport infrastructure projects