Another PPP concern is governing law. The current decree governing PPPs provides more scope for using foreign laws to govern PPP contracts than the draft PPP bill. This is important. PPPs entail complicated legal contracts, and investors rely on legal systems with deep case histories to interpret them. Finally, the termination risk must be addressed. Once a project is built, investors need assurance that they will be repaid even if the government terminates the contract. Without these changes, the new PPP law’s success is uncertain, and projects tendered in the road and other sectors are likely to receive only limited interest from foreign investors. … [Read more...] about Vietnam building bridges for greater economic growth and development
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This expected growth of Vietnam's middle class is set to increase demand for housing especially in key cities with high-growth economies such as Ho Chi Minh City and Hanoi, which offer better employment opportunities, a higher standard of living, better educational facilities and infrastructure. As at end 2019, the estimated total supply of completed apartments in Ho Chi Minh City and Hanoi was approximately 202,000 units and 224,000 units respectively equating to the rate of 17 apartments per 1,000 people. Given the demand-supply imbalance, most residential projects launched in the past few years have seen strong demand and sales. … [Read more...] about APAC Realty Eyes Asia’s Top Property Hotspot with Strategic Investment in ERA Vietnam
In a fresh development, more international groups are waiting for Vietnam’s DPP mechanism including ABB. Especially, the private sector could see more chances to invest into the national electricity transmission system. These new points came as Vietnam is faced with challenges to ensure energy while also complying with the government’s objectives of reducing greenhouse gas emissions by promoting renewable energy and energy-efficient technologies. … [Read more...] about Energy strategy fit for private backers
The share issuance filing has been submitted to the State Securities Commission (SSC) and MB Bank has to make a final report on the deal within 10 days from the issuance date. … [Read more...] about MB Bank sells shares in a private deal
Grab, after taking over Uber in April 2018, continued to call for $3 billion of capital in 2018 to develop into a mega app. Last August, Grab announced it had received $2 billion capital injection from Japan’s Toyota Motor Corporation as well as some of the world’s leading financial firms such as Ping An Capital, Mirae Asset-Naver Asia Growth Fund, Cinda Sino-Rock Investment Management Co, and more. … [Read more...] about An internet economy: a golden treasure trove?