Ppp

A motorbike driver rides on the Bac Giang - Lang Son Expressway which was invested by a Vietnamese company. Photo by VnExpress/Giang Huy. But first they will have to take part in a qualifying round next month before they can bid for the work. Nguyen Danh Huy, director of the Ministry of Transport’s public-private partnership department, said local investors still need to have funds equivalent to 20 percent of the project cost, but criteria related to capability and experience are being reviewed to make them less stringent than they were for foreign investors, he told VnExpress. A number of Vietnamese investors had qualified in the recent international evaluation round, but need to be reevaluated for the new tender, he said. His department would seek to speed up tender procedures so that could begin as scheduled. The ministry on Tuesday ruled out foreign investors for the eight sections of the expressway saying only few qualified and this could lead to a … [Read more...] about North-South Expressway bids open only to Vietnamese investors

Hanoi (VNS/VNA) - The Ministry of Transport has announced that  they would cancel open international bidding for eight projects of the North-South expressway, in favour of domestic investors. The decision was made on the consensus reached after consulting relevant agencies, the transport ministry said in an announcement sent to the media, adding that it would adjust pre-qualification bidding invitations to better suit open domestic bids for eight public-private-partnership (PPP) projects for the eastern section of the trans-Vietnam highway . The ministry's project management boards had received 60 applications as of the end of July, two months after the international bidding invitation. Four of the projects did not have investors that passed the prequalification requirements; two projects had only one; one project had two; and one project had three, according to the report … [Read more...] about Ministry seeks bids from domestic investors for North-South Express

Illustration photo The Eastern North-South Expressway was divided into 11  component projects, including three fully State-funded and eight public-private partnership ones. For the eight PPP projects, 60 local and foreign investors submitted documents of interests as of July this year but very few passed the qualification round, leading to low competition. Specifically, no investors were qualified for four projects while only one or two investors were qualified for each of the last four. Against that backdrop, the ministry has to re-evaluate and readjust the bidding process in order to successfully implement  those key projects, ensuring national security. The Eastern  North-South Expressway, with total length of 654 km running through 13 provinces and cities, is the key project of the Ministry of Transport for 2017-2020 period. Construction of the first State-funded project, Cam Lo-La Son section, began on September 19 while the eight PPP projects are scheduled to … [Read more...] about Only domestic companies entitled to construct part of North-South expressway

  Nguyễn Minh Cường, head of the National Programme  at the Asian Development Bank. Nguyễn Minh Cường, Principal Country Economist at the Asian Development Bank (ADB), talks to bizline.vn on the effect of halting international bidding for eight projects on the North-South expressway. In your opinion, does the cancellation of international bidding on the North-South Expressway affect foreign investors’ evaluation of Việt Nam's business environment? Given the experiences of some countries, the cancellation of the bidding is notthing new. However, it occurred at a time when it's still unclear how Việt Nam's Law on Public Private Partnerships (PPP) will be finalised and when it will take effect. When investors assess Việt Nam’s economy, especially the country's infrastructure development, they are interested in the overall picture including its public investment plans … [Read more...] about Cancellation of international bidding for expressway facilitates local investors

  TH True Milk Dairy farm in Nghệ An Province. — Photo Zing.vn HÀ NỘI — Government officials have revealed the huge potential for dairy farming and called on more businesses to get involved. With the total turnover of VNĐ109 trillion (US$4.73 billion) last year, Viêt Nam ranks sixth in Asia in milk output, and fourth in dairy cow productivity. That was the message from Deputy Minister of Agriculture and Rural Development (MARD) Phùng Đức Tiến who was speaking in a forum this week in Hà Nội. In the first eight months of 2019, productivity has rised. Milk and dairy products increased by 7.2 per cent compared to the same period last year. Deputy head of the Department of Farm Produce Processing and Market Development Phạm Văn Duy said: “Vietnamese milk and dairy products are popular in overseas market, especially in China and the Middle East.” Currently, China … [Read more...] about MARD’s call for diary farm improvements