Bot investors

Based on the findings, the Inspectorate recommended that Prime Minister Nguyễn Xuân Phúc instruct the ministries of transport, construction, finance, and planning and investment as well as the city People’s Committee to take action to remedy the situation. … [Read more...] about Better management of BOT, BT projects needed: inspectorate

Hanoi (VNA) – The joint venture among Deo Ca Group, Hai Thach Investment Construction JSC and 194 Construction Investment Corporation was named the investor of the Cam Lam-Vinh Hao Highway – a section of the North-South Expressway. Under Decision No.09/QD-BGTVT recently signed by Deputy Minister of Transport Le Anh Tuan, the joint venture will use the Build-Operate-Transfer (BOT) form to participate in the Public-Private Partnership (PPP) project. The four-lane highway is expected to cost nearly 9 trillion VND (389.6 million USD), over 3.7 trillion VND of which is sourced from the investors, and the remainder from the State. Construction of the 78.5-kilometre highway running through Khanh Hoa, Ninh Thuan and Binh Thuan provinces will last 24 months, while that of Nui Vung tunnel is said to take 30 months to complete. The highway. The investors are entitled to collect tolls for 17 years and 15 days. The North-South Expressway is a key national project that prioritises … [Read more...] about Construction of Cam Lam – Vinh Hao Highway to cost nearly 389.6 mln USD

From October 2-5 last year, project management boards opened bids to select investors for five of the sub-projects. However, only three sub-projects with two investors submitted bidding documents, namely Dien Chau – Bai Vot, Nha Trang - Cam Lam and Cam Lam - Vinh Hao. … [Read more...] about Construction of Cam Lam – Vinh Hao Highway to cost nearly USD 389.6 mln

In the first days of this year, many people were shocked by the information that Vietnam imported rice from India. However, through research, this is a normal response to the need of the market. Many enterprises explained that Vietnam currently lacks low-grade rice for the processing of animal feed, so it is normal to import low-grade rice from India. This also partly explains the first success in the restructuring of rice production in Vietnam. Accordingly, the percentage of high-grade rice varieties is increasingly dominating, whereas low-grade rice varieties, such as IR50404, are decreasing day by day, which partly causes a shortage of raw material for the processing of animal feed. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 14

Several large-scale LNG-to-power projects have been included in the National Power Development Plan VII (PDP7) in many provinces. Among those, the initiative in the Mekong Delta province of Bac Lieu developed by Delta Offshore Energy stands out due to its large capacity of 3,200MW and the fact it is the first LNG power plant developed as an independent power producer (IPP) under the Law on Investment (meaning a private entity owning power plant facilities to generate power for sale). … [Read more...] about Legal issues cloud LNG power plans