Vietnam’s infrastructure has struggled to keep up with its robust economic and population growth. Rapid economic growth and urbanization are driving demand for roads, power, airports, ports, waste and water treatment, hospitals, and other public infrastructure for goods and services. Meanwhile, public funding is unable to meet these needs. The gap would have to be made up from other sources including private investment in the form of public-private partnerships (PPPs). To put it simply, the public sector has the ‘users’ (or customers) and land and can provide other incentives such as tax breaks. The private sector can bring in technology, capital and efficiency through experience. Other countries have successfully implemented PPPs. In Vietnam, a number of tools have been created to assist the government in its support for PPPs, aiming to create a much improved legal framework for PPP to revitalize investment in infrastructure projects. Legal issues update The … [Read more...] about Legal complications remain for foreign investment in Vietnam infrastructure
Infrastructure
PPP investment in Vietnam’s infrastructure and impact of EVFTA and CPTPP
Vietnam’s infrastructure has struggled to keep up with its robust economic and population growth. Rapid economic growth and urbanization are driving demand for roads, power, airports, ports, waste and water treatment, hospitals, and other public infrastructure for goods and services. Meanwhile, public funding is unable to meet these needs. The gap would have to be made up from other sources including private investment in the form of public-private partnerships (PPPs). To put it simply, the public sector has the ‘users’ (or customers) and land and can provide other incentives such as tax breaks. The private sector can bring in technology, capital and efficiency through experience. Other countries have successfully implemented PPPs. In Vietnam, a number of tools have been created to assist the government in its support for PPPs, aiming to create a much improved legal framework for PPP to revitalize investment in infrastructure projects. Legal issues update The … [Read more...] about PPP investment in Vietnam’s infrastructure and impact of EVFTA and CPTPP
Korea Infrastructure Management plans US$3.2-billion resort project in Vietnam
The Hanoitimes - The firm expressed interest in developing tourism in the city, especially through the Paradise Golf Resort and Bau Trung residential area. South Korean real estate firm Korea Infrastructure Management plans to invest US$3.2 billion in a resort complex project in the southern province of Ba Ria - Vung Tau, the provincial website reported. Illustrative photo. In a meeting with local authority, a representative of the South Korean firm expressed interest in developing tourism in the city through a number of projects, especially the Paradise Golf Resort and Bau Trung residential area for the said amount of investment capital. After receiving approval from the city, the real estate firm will conduct pre- and feasibility study of the project, stated the representative. Nguyen Thanh Long, vice chairman of the provincial People's Committee, acknowledged the proposal from Korea Infrastructure Management, suggesting the firm to contact the … [Read more...] about Korea Infrastructure Management plans US$3.2-billion resort project in Vietnam
Lai Chau makes great efforts to repair flood damaged infrastructure
The recent floods caused serious damage to the infrastructure of Lai Chau province. The provincial transport department has mobilized machinery to clear rock and mudslides around the clock. According to statistics, the volume of debris, rock and mud from landslides amounts to more than 140,000 cubic metres. National highways are hardest hit by the disaster with main routes linking Lai Chau to Lao Cai and Dien Bien such as 4D, 4H and 12 suffering obstruction. Roads between communes have been severely damaged and total estimated losses reach over VND70 billion. Landslides block roads for several hours, especially on major highway routes. Roads have collapsed due to landslides in mountainous areas, posing the risk of further damage. As the rain has abated, recovery efforts have been able to be carried out. On the afternoon of September 3, the route on two highways 4D and 12 was cleared. Transport units are now co-ordinating with businesses to mobilize facilities and machinery … [Read more...] about Lai Chau makes great efforts to repair flood damaged infrastructure
MOIT targets e commerce infrastructure development
(VEN) - While Vietnam has huge potential for e-commerce development, the country needs to improve its infrastructure rapidly in order to develop this industry. The Ministry of Industry and Trade (MOIT) is working on a draft decree to regulate e-commerce and address its current shortcomings. E-commerce support services must be facilitated Logistics, invoicing lag behind Dang Hoang Hai, Director of the Ministry of Industry and Trade’s Vietnam E-commerce and Digital Economy Agency (VECITA), said Vietnam’s e-commerce is rapidly growing, with transaction platforms increasingly diversified to include websites, social networking, and mobile phone and electronic devices. Ministry of Industry and Trade data show that about 46 percent of surveyed business have built and operated their own websites, and 13 percent joined e-commerce exchanges. The percentage of enterprises receiving orders and ordering products/services through websites increased 30 percent from … [Read more...] about MOIT targets e commerce infrastructure development