Foreign investors

Government guarantees Under the draft law, the government shall provide to the investors the guarantees relating to (i) access to land, exercise of land use rights, and rights to use public assets; (ii) mortgage of assets and the rights to commercially operate infrastructure facilities and systems; (iii) revenues for project enterprises implementing PPP contracts; (iv) conversion of foreign currency for such enterprises; (v) use of guarantee service of a third party; and (vi) the obligations of providing public service and infrastructure facilities for the enterprises. These guarantee regulations convey the seriousness of the government to encourage investment in PPP sectors. However, these guarantees need to be further refined to increase the bankability of such ventures. … [Read more...] about Invigorating investors with PPP draft

"The list of sub-projects is very attractive for foreign investors, particularly European investors. EU firms have a good record of PPP projects in highways and airports, including projects implemented in developing countries looking to improve their transport infrastructure. The airport of Santiago and other projects in South America may be cited as good examples," Antoine Logeay, chairman of the European Chamber of Commerce's Legal Sector Committee, told VIR. … [Read more...] about North-South Expressway investment conference delayed till late April

Unlike other PPP transport projects carried out in the past, there are some advantages and supporting policies for investors who join the development of the eight sections. For site clearance, the country takes responsible for site clearance for the project and commits to hand over cleared land to investors who join the eight PPP sections. … [Read more...] about Equal opportunities for PPP project contenders

Many hotels in the central cities of Nha Trang and Danang have been closed, with a part of them going up for sale because their owners cannot bear the losses any more. On the website alonhadat.com.vn, hundreds of hotels are on offer, ranging from VND10-350 billion ($435,000-15.2 million). … [Read more...] about Hotels setting up for post-pandemic boom

The North-South Expressway, which is set to cover 2,100 kilometres, costs VND118.71 trillion ($5.16 billion) and has 11 sub-projects (three of which will be state-funded), is tied down by limited funds allocated from the state budget and difficulties in mobilising private investment due to the lack of supporting legal framework. Both investors and lenders want a guarantee mechanism, minimum revenue commitments, and foreign exchange conversion guarantees – all of which are missing from current rules. … [Read more...] about Crunch time for expressway PPPs