The Hanoitimes - The higher the expected rate of return, the more that private funds would be attracted, according to an ADB expert. World Bank vice president for Infrastructure to visit Vietnam Hanoi advised to first focus on key infrastructure as it heads for smart city Japan eyes mega infrastructure projects in Vietnam The government should increase the rate of return on infrastructure investment in a bid to attract more foreign investors in the industry, experts said. Investment in infrastructure projects often takes high risks According to Naoyuki Yoshino, dean of the Asian Development Bank Institute, private investors, especially foreign investors, currently remain hesitant about investing in infrastructure projects in Vietnam due to high risks, long-term payout schedules, and site clearance issues, among others. In addition, investors in infrastructure face a variety of risks such as an increase in costs caused by delays in construction or land … [Read more...] about Higher rate of return urged to lure foreign investment in infrastructure
Invest in infrastructure
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
Developing the infrastructure system was identified one of three breakthroughs in Việt Nam’s socio-economic development strategy, besides institution reforms and human resource development. — Photo baogiaothong.vnViet Nam News HÀ NỘI — Việt Nam will focus on attracting private investment in infrastructure to accelerate economic growth, Deputy Minister of Planning and Investment Vũ Đại Thắng said at the Việt Nam Economic Forum (VEF), which opened Wednesday in Hà Nội. Speaking at a workshop on infrastructure development, financing and governance in Asia, Thắng 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 Việt Nam has attracted 147 PPP projects worth a total VNĐ1.14 quadrillion (US$52 billion), contributing significantly to improving … [Read more...] about VN eyes private investment in infrastructure projects
Investment in infrastructure helps Phu Tho attract investors
Phu Tho efforts to mobilize resources to invest in infrastructure have paid off (Source: phutho.gov.vn) Phu Tho (VNA) – The efforts of Phu Tho province to mobilize all resources to invest in infrastructure have paid off, with the flow of both domestic and foreign investment in the northern mountainous province increasing remarkably. In the past, many investors came to Phu Tho with the intention of doing business, but they were deterred by the poor transport and industrial infrastructure. Aware of the problem, the province has tried a new approach which is to mobilize funding from other sources rather than from the limited local budget and falling public investment to build infrastructure. During just nearly three years, Phu Tho has mobilized nearly 27.8 trillion VND (nearly 1.2 billion USD) for 94 projects, which brought about striking changes in the local transport and urban infrastructure. Some remarkable examples are the Viet Tri – Ba Vi (Van Lang) Bridge … [Read more...] about Investment in infrastructure helps Phu Tho attract investors
Hanoi to promote investment in infrastructure
Politburo member and Secretary of Hanoi municipal Party Committee Hoang Trung Hai meets with voters in Thach That districtsThe statement was made by Politburo member and Secretary of Hanoi municipal Party Committee Hoang Trung Hai while meeting with voters in Son Tay town as well as Ba Vi, Thach That and Phuc Tho districts on August 13-14. At the meetings, voters appreciated results of the first session of the 14th National Assembly (NA), particularly selection of appropriate key positions for the legislative body and government. The voters voiced their concerns over numerous pressing issues including the slow implementation of the project restoring Tich river in Thuan commune, Ba Vi district as well as environmental pollution in Xuan Son waste treatment zone in Son Tay town and in trade villages. Politburo member Hai said that leaders of the capital were aware of weaknesses in infrastructure, particularly transport systems in suburban areas. He affirmed that due … [Read more...] about Hanoi to promote investment in infrastructure