There are three problems which may make foreign investors shrink when considering investment in transport infrastructure projects in Vietnam. Minister of Transport Nguyen Van The, speaking at the National Assembly session discussing the Investment Law under the PPP mode on November 11, said that the ministry has promoted investments under the mode, but Vietnam can only attract Vietnamese investors. Minister of Transport Tran Van The It has been very difficult to attract foreign investors to large projects. There are three problems which may make foreign investors shrink when considering investment in transport infrastructure projects in Vietnam. First, they want the government of Vietnam to ensure their revenue and share risks with them. As Vietnam’s development plans change regularly, they fear risks. Meanwhile, when they finish projects, one dollar may be exchanged for VND15,000 or VND25,000. Because of the price fluctuations, they may make profit if calculating in … [Read more...] about What do foreign investors worry about when investing in VN infrastructure projects?
Drc infrastructure development
The workshop on April 12 discusses the development of an “innovation urban area” in HCM City (Photo: VNA) HCM City (VNA) – An international workshop was held in Ho Chi Minh City on April 12 to discuss the development of an “innovation urban area” in the southern metropolis. The innovation urban area will be at the core of the city’s industrial revolution 4.0, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen told the workshop titled "An Innovation District in HCM City: Towards a Strategic Roadmap". Governance of the innovation hub would be done online and be transparent and without red tape, he said, adding it would strongly develop smart transport and environmental protection. The idea for the hub had been mooted by the city’s Party Secretary Nguyen Thien Nha, who had suggested basing it around the High-tech Park in District 9, the National University in Thu Duc District and the proposed Thu Thiem Urban and … [Read more...] about HCM City studies innovation urban area development
Secretary of the HCM City Party’s Committee Nguyen Thien Nhan (R) and JICA President Shinichi Kitaoka At the reception, Nhan spoke highly of JICA’s assistance in promoting Vietnam’s economic growth and enhancing its international competitiveness through policy support, infrastructure development and State administration improvement. JICA has supported HCM City in projects on urban planning, environmental protection and improvement of people’s living conditions, thus contributing to fostering the strategic partnership between Vietnam and Japan, he said. The municipal leader revealed that the city is facing numerous opportunities and challenges in its current development, especially climate change that affects local environment and causes flooding amid degrading technical infrastructure. To solve this problem, HCM City has been building water drainage systems and tide prevention sewers, he said, adding that the city wants to receive JICA support in … [Read more...] about HCM City steps up cooperation with JICA
Infrastructure Site clearance problems among transport projects to be resolved soon: PM By Thanh Thom Thursday, Dec 5, 2019,19:38 (GMT+7) Site clearance problems among transport projects to be resolved soon: PMBy Thanh Thom Trung Luong-My Thuan expressway is under construction in the Mekong Delta province of Tien Giang. The Government leader has ordered the Ministry of Transport and the concerned localities to fast-track site clearance for the long-delayed project – PHOTO: VNA HCMC – Prime Minister Nguyen Xuan Phuc has asked 10 cities and provinces to speed up the execution of key transport infrastructure projects, with a focus on removing obstacles to site clearance, according to his newly issued directive. The Ministry of Transport has cooperated with other ministries, agencies and local governments to execute a number of major transport projects, which have achieved positive results in improving the … [Read more...] about Site clearance problems among transport projects to be resolved soon: PM
Shrimp for exports (Illustrative image. Source: VNA) HCM City (VNA) – There is room for the development of Vietnam’s shrimp sector thanks to favourable farming conditions and increasing global demand, heard a conference held in Ho Chi Minh City on August 23. At the event entitled “Global shrimp demand and Vietnam’s supply capacity to 2025”, experts stressed the industry still faces challenges. Ho Quang Luc, former Chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), noted that Vietnam has a large area of 700,000 hectares for shrimp farming. “Due to favourable weather, Vietnamese farmers can raise shrimp all year round,” he said, adding that local farmers’ skills exceed the global average. The country also has great processing potential, with nearly 100 shrimp processing factories, generating about 500,000 tonnes of products every year, he added. Despite its potential and support from the Government and … [Read more...] about Conference discusses global shrimp demand, Vietnam’s supply capacity