Private sector financing strategies are currently in the sights of groups like OPIC and the Asian Development Bank, Photo: Le Toan During his working visit to Vietnam last week, Eric Jones, chief of staff at the corporation (OPIC), told VIR that they are seeking potential private partners in Vietnam to provide concessional loans to. The global investment portfolio of OPIC has increased from an initial $29 billion to $60 billion now. “We can provide loans worth from $350 million to $500 million per project, provided that the project is bankable,” Jones said. To be eligible for OPIC financing, applicants must have a commercially viable business plan and successful track record. “If Vietnamese businesses have bankable projects, they can come to us. After they are proven feasible, they can access our loans,” Jones said. Loan tenures can last as long as 20 years. So far, OPIC has almost $4 billion invested in over 100 projects across the Asia-Pacific region. … [Read more...] about US led boost to private sector funding
Private sector healthcare
MPI and KOICA launch project on private sector information system
The project will contribute significantly to improving the investment and business climate, strengthening transparency, as well as attracting more investors to Vietnam. Deputy Minister Vu Dai Thang speaking at the launching ceremony of the NIIS project Today (March 28), the Ministry of Planning and Investment in collaboration with the Korea International Co-operation Agency (KOICA) held the launching ceremony of the project for “The development of the national investment information system (NIIS) for the private sector.” Deputy Minister of Planning and Investment Vu Dai Thang and country director of KOICA to Vietnam Kim Jin Oh co-chaired the ceremony, which was attended by representatives of ministries, branches, some localities, and some international organisations. The project for the development of the NIIS for private sector aims to (i) build data on foreign investment into Vietnam and overseas investment, to serve as the foundation for the formulation of … [Read more...] about MPI and KOICA launch project on private sector information system
New directive to ease public private investment projects
(VEN) - A government decree designed to facilitate investment through public-private partnership (PPP) and ensure completion of projects went into effect on June 19. Increasing PPP project efficiency Decree 63/2018/ND-CP (Decree 63), signed by the Prime Minister on May 4, replaces Decree 15, which was in effect from April 10, 2015. It sets out the fields, conditions, order and procedures for leveraging private sector investment. A Ministry of Planning and Investment representative said the PPP model for both domestic and foreign private investors had changed the appearance of localities throughout the country and significantly improved national infrastructure, especially transport and electric infrastructure. However, PPP regulations had proven inadequate in terms of investment process and complicated formalities. For example, implementation of Build-Operate-Transfer (BOT) projects in the past shows that an investment capital ratio of 15 percent stipulated in Decree 15 did not … [Read more...] about New directive to ease public private investment projects
Vietnam needs more ADB funding for private sector
Deputy governor of the State Bank of Vietnam Dao Minh Tu (Source: VNA) - Vietnam is persuading international financial institutions, including the Asian Development Bank (ADB), to expand their funding for the local private sector and reduce government guarantees for those activities, since Vietnam is among the countries that will stop being funded by ADB in 2019 due to becoming a middle-income economy. Deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu speaks to Vietnam News Agency's English-language newspaper Viet Nam News about these issues on the sideline of the recent ADB 51st Annual Meeting in Manila, the Philippines. Question: What has Vietnam achieved in the ADB’s 51th Annual Meeting? Answer: The meeting aimed to strengthen the bond between member countries and expand ADB’s main activities in the context of global financial volatility and various changes in economies’ trade policies. On behalf of the Vietnamese Government, we were able to … [Read more...] about Vietnam needs more ADB funding for private sector
Việt Nam needs more ADB funding for private sector
Viet Nam News Việt Nam is persuading international financial institutions, including the Asian Development Bank (ADB), to expand their funding for the local private sector and reduce government guarantees for those activities, since Việt Nam is among the countries that will stop being funded by ADB in 2019 due to becoming a middle-income economy. Deputy governor of the State Bank of Việt Nam (SBV) Đào Minh Tú speaks to Việt Nam News about these issues on the sideline of the recent ADB 51st Annual Meeting in Manila, the Philippines . What has Việt Nam achieved in the ADB’s 51th Annual Meeting? The meeting aimed to strengthen the bond between member countries and expand ADB’s main activities in the context of global financial volatility and various changes in economies’ trade policies. On behalf of the Vietnamese Government, we were able to deliver messages to the audience addressing the country’s current … [Read more...] about Việt Nam needs more ADB funding for private sector