Deutsche invest top asia lc

The Hanoitimes - Southeast Asian governments invest more as a share of total government expenditures than member countries of the OECD. Much of that spending goes for infrastructure. The delivery of services – such as clean water, reliable public transport, schools and hospitals – through economic and social infrastructure is among the most important functions of government. Resources must be well spent to ensure quality. People everywhere want good infrastructure, such as smooth and safe roads and timely and reliable trains that move passengers and freight across a wide range of destinations. They want clean water, reliable sanitation, easy-access broadband internet connectivity and electricity available 24/7. Well-managed and functional airports and seaports enable connection with the rest of the world, while schools and hospitals ensure well-being, including a healthy and well-equipped workforce. The delivery of services through economic and social infrastructure is among the most important functions of government and key to how citizens perceive the role and effectiveness of government. Illustrative photo. Source: www.macquarie.com Southeast Asian governments invest more as a share of total government expenditures (16.7%) than member countries of the Organization for Economic Co-operation and Development (OECD) (7.6%). Much of that spending goes for infrastructure, according to the ADB/OECD report Government at a Glance Southeast Asia 2019 . These infrastructure assets are largely provided by governments, including through state-owned enterprises and public private partnerships (PPPs). Southeast Asian countries increased spending on infrastructure by 1.5% between 2008-2016, reflecting in part governments’ ambitions to maintain growth and improve access. This compares to an investment decline of 1.8% in OECD countries over the same period. Yet, increasing infrastructure finance may not be enough. Resources must be well spent …

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Projects such as Bunge’s agribusiness are expected to increase in number through stronger US ties. Photo: Le Toan In his first few days in office five years ago, President Donald Trump withdrew from the Trans-Pacific Partnership, which was a pillar of the Barack Obama administration’s pivot towards Asia. The remaining 11 member states have since reframed the agreement as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and President Joe Biden’s commitment to rebuilding relations with allies has sparked speculation about the US returning to the fold. Fitch Solutions under global ratings firm Fitch Group told VIR in a statement that Vietnamese trade would receive a surefire boost should new Biden decide to rejoin the CPTPP. “Biden stated in 2019 that the US should renegotiate parts of the CPTPP and re-assemble a coalition to counterbalance China’s perceived expansionist policies. The Trump administration withdrew from the original deal in 2017 under the pretext that it would harm US workers. A scenario where the US rejoins the CPTPP would deliver substantial tailwinds to Vietnamese exports to the US from lower tariffs in major export categories,” Fitch said. In fact, the CPTPP may offer great windfalls to the US. Statistics from law firm Duane Morris Vietnam LLC showed that the population of the CPTPP countries exceeded 513 million people as of October 2020. The CPTPP countries account for nearly 45 per cent of US total exports and 37.6 per cent of US general imports in 2014. By cutting over 18,000 taxes in regards to CPTPP, there would be a great benefit for American importers and exporters by enabling them to enter new markets. As the United States International Trade Commission estimates, the US exports of goods and services to the world would expand by $27.2 billion by 2032 thanks to the CPTPP, while US imports would expand by $48.9 billion. Oliver Massmann, general director of Duane Morris Vietnam LLC, pointed out …

[Read more...] about Fresh dawn kindles for US-Vietnam relationship

Vinh Tan 3 Thermal Power Plant is located in Vinh Tan Power Center on the coast of Binh Thuan The move marks the first time Mitsubishi pulls out of a thermal power project. The Japanese company plans to invest in energy projects that have a low-environmental impact, including liquefied natural gas (LNG) and renewable energy such as solar power. Vung An 3 thermal plant, a separate project from Vung An 2, is a joint project between the governments of Vietnam and Japan. Some of the large bank investors of this project are Industrial and Commercial Bank of China (ICBC), Standard Chartered. HSBC have already pulled out. Vinh Tan 3 thermal power plant is scheduled to come into operation in 2024. It is the largest project in Vietnam with over $2 billion of investment capital. Its investors involve Vietnam Electricity (29 per cent), Pacific Group and OneEnergy Asia Ltd. (49 per cent), a partnership of Hong Kong’s CLP Holdings and Japan’s Mitsubishi Group. Phan Xuan Duong, deputy general director of Vinh Tan 3 Energy JSC said that under the pressure of environmental organisations worldwide, almost all investors and equipment manufacturers are under pressure to not invest in coal-fired power projects. He said that the company is working with the Ministry of Industry and Trade (MoIT) and the government to find other investors. The new build-operate-transfer (BOT) contracts were signed at the end of December 2020 and await the government's approval. As for the draft Power Development Plan VIII of the MoIT, Vinh Tan 3 is involved in the group of 116 power generation projects which are behind schedule. The project is held off due to the long time of investment preparation and BOT contracts. Currently, thermal power plants that have been built and put into operation in Vinh Tan Power Center are Vinh Tan 1, Vinh Tan 2, Vinh Tan 4, and the expanded Vinh Tan 4 thermal power plant. …

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