Speaking about the collaborative effort, Ambassador Kritenbrink said, “This shipment will help protect healthcare professionals working on the front lines against COVID-19 in the United States and demonstrates the strength of the U.S.-Vietnam partnership.” … [Read more...] about U.S. President thanks Vietnam for her effective aid in transporting protective suits to the U.S.
When carrying out the project prefeasibility study, the government submitted to the National Assembly Document No.487/TTr-CP dated October 2017 reporting about the investment plan. In this document, the government admitted that it is difficult to affirm the success of the bidding to select foreign investors. This is because of several reasons including Vietnam’s credit rating remaining relatively low, and the current situation of high public debt ceiling making it impossible for the government to offer the guarantee mechanism as expected such as minimum revenue, foreign currency exchange, and exchange rate. … [Read more...] about Equal opportunities for PPP project contenders
The Law on PPP could be the catalyst to an upturn in fortunes forprivate sector infrastructure financing Photo: Le Toan After a decade of delays, Trung Luong-My Thuan Expressway, a key national transport project connecting the southwestern region with Ho Chi Minh City and the southern economic region, was thought to be back in the game in 2017 after an increase of investment capital to VND9.67 trillion ($420.4 million) and a completion schedule extension to 2020. However, the build-operate-transfer (BOT) venture could fail to meet the deadline due to a block in capital inflow. … [Read more...] about Build-operate-transfer ventures look for boost
From the investor’s desk, this provision would be a significant factor affecting their capital flow since practically, for the execution of any PPP project, the investor shall have to avail funding from lenders. International lenders may have reservations on the mandatory application of Vietnamese laws as the governing law of related contracts, given the fact that the Vietnamese laws witness timely changes that are pertinent in developing legal systems. It would be challenging to reach agreements with lenders when proposing for the disbursement of funds, and it is subject to the consideration by the government and shall depend on the decision of the National Assembly. … [Read more...] about Invigorating investors with PPP draft
Articulated with an organic quality and carved aesthetic, the building form features a contrast of solid stone elements punctured by crystals of glass. The solidity of the stone forms are reminiscent of the older buildings in Adana, lending a familiar and timeless feel to the destination – a place that has been reinhabited and enlivened for today, reflected in the materials, landscaping, and details reinforcing the sense of permanence and elegance. … [Read more...] about JERDE introduces newly projects in Southeast Asia and beyond