Partnership

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

With a total length of 654 kilometres, the eastern cluster of the North-South Expressway costing VND118.7 trillion ($5.16 billion) covers 11 sections, including three state-funded ones and eight others to be developed under the public-private partnership (PPP) model. It connects Hanoi and Ho Chi Minh City with four key economic hubs, economic zones, industrial zones, border gates, and international seaports. The state is contributing around VND55 trillion ($2.39 billion), and the rest is expected to come from private investors. … [Read more...] about Equal opportunities for PPP project contenders

The U.S. and Vietnamese governments have cooperated extensively in the COVID-19 fight. Since the beginning of this crisis, the U.S. Centers for Disease Control and Prevention (CDC) and the U.S. Agency for International Development (USAID) have been collaborating with Vietnamese officials to monitor and respond to the evolving COVID-19 situation. … [Read more...] about Vietnam, U.S. cooperate to expedite delivery of protective suits for COVID-19 fight

Prashanth Parameswaran, the author of the article, said that the aid provided falls in line with the country’s broader diplomatic policy shown throughout the COVID-19 crisis, noting that Vietnam has also offered assistance to other countries, including neighbours Cambodia and Laos. … [Read more...] about US newspaper highlights Vietnamese medical support to EU in COVID-19 fight

Many foreign investors, including those from the EU, Japan, the US, and South Korea, have expressed interest in the project, which is estimated to cost over VND118.7 trillion ($5.16 billion), with a total of over VND63 trillion ($2.74 billion) to be mobilised by investors, for 654 kilometres to be built. It is considered an economically and politically important project. … [Read more...] about North-South Expressway investment conference delayed till late April