Attracting foreign investors

The supporting industries in Dong Nai Province are divided into various groups, including fiber, yarn, and fabrics; electronic components, tools, and spare parts; equipment for all kinds of machinery; input materials for the footwear industry. Many world-famous corporations in the field of supporting industries are present in the province, such as Bosch, Hyosung, Fujistu, Schaeffler, Vision Group, Kenda, and Mabuchi Motor. The province has seriously selected FDI projects so the statistics in recent years showed that 50 percent of FDI capital into the country belonged to the supporting industries. The goal of the province in prioritizing capital attraction for the supporting industries is to provide input materials for many other enterprises in the province and gradually increase the localization ratio of export products. Therefore, it will be easier for enterprises to enjoy tariff incentives from effective free trade agreements that the country has signed. In the past years, in … [Read more...] about Dong Nai attracts investments in supporting industries

In a PPP project where a public and a private partner enters into a contract and are located in Vietnam, they will be subject to the laws of the land and shall have to follow Vietnamese laws which gives a way to the principle of ‘applicable law’. Understanding the fundamentals of the governing law and applicable law aspects is important and the partners to a PPP contract need to acknowledge the same, but the legal regime should be more transparent in providing a better picture from a jurisdiction and regulatory point of view. … [Read more...] about Invigorating investors with PPP draft

Many foreign investors, including those from the EU, Japan, the US, and South Korea, have expressed interest in the project, which is estimated to cost over VND118.7 trillion ($5.16 billion), with a total of over VND63 trillion ($2.74 billion) to be mobilised by investors, for 654 kilometres to be built. It is considered an economically and politically important project. … [Read more...] about North-South Expressway investment conference delayed till late April

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

Meanwhile, the country’s mid-term public investment fund approved by the National Assembly (NA) is VND55 trillion ($2.39 billion). This means that there will be no funding left for the five remaining PPP sections in the 2016-2020 period. Moreover, up to now, VND16.59 trillion ($721.3 million) has been allocated for the project, with only VND6.8 trillion ($295.65 million) disbursed, which makes it unlikely that the remaining VND37.77 trillion ($1.64 billion) will be allocated and all the funds can be disbursed during this period. … [Read more...] about Crunch time for expressway PPPs