Public private partnership

Hanoi (VNS/VNA) - The Ministry of Transport has announced that  they would cancel open international bidding for eight projects of the North-South expressway, in favour of domestic investors. The decision was made on the consensus reached after consulting relevant agencies, the transport ministry said in an announcement sent to the media, adding that it would adjust pre-qualification bidding invitations to better suit open domestic bids for eight public-private-partnership (PPP) projects for the eastern section of the trans-Vietnam highway . The ministry's project management boards had received 60 applications as of the end of July, two months after the international bidding invitation. Four of the projects did not have investors that passed the prequalification requirements; two projects had only one; one project had two; and one project had three, according to the report … [Read more...] about Ministry seeks bids from domestic investors for North-South Express

At the signing ceremony (Photo: VNA) Washington (VNA) – Vietnam and the US have set up a comprehensive energy cooperation partnership under a memorandum of understanding (MoU) signed in Washington on September 30. The document was inked by representatives of the Vietnamese Ministry of Industry and Trade (MoIT) and the US Department of State during a working trip to the US from September 30 to October 2 by a MoIT delegation. The MoU is an important milestone in energy collaboration between the two countries, opening up a new page of more intensive and comprehensive cooperation. The document covers various cooperation areas in the energy sector, ranging from energy security, energy market development and energy transformation to relevant regulations and policies, energy management and energy technology and infrastructure, including the role of public-private cooperation. It establishes a clear collaboration framework and mechanism, thus facilitating specific partnerships … [Read more...] about Vietnam, US establish comprehensive energy cooperation partnership

Representatives from businesses and agricultural associations meet at a workshop on “Unlocking Innovations in Agriculture for the Private Sector” held in HCM City on September 27. David Monck, innovation facilitator at Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO), said that unlocking results from publicly funded research for innovation that delivers economic, social and environmental benefits was a challenge facing agricultural innovation systems around the world. Speaking at the “Unlocking Innovations in Agriculture for the Private Sector” workshop, Monck said that publicly funded agriculture and food research outputs required “Science Commercialisation Partnership” approaches to fit the diverse nature of the agri-food industry.  These approaches ranged from traditional technology transfer models applied to agribusiness to more collaborative partnerships with a variety of … [Read more...] about Agricultural firms urged to innovate to compete internationally

1. We, the Foreign Ministers of the Association of Southeast Asian Nations (ASEAN), met on 31 July 2019 at the 52nd ASEAN Foreign Ministers’ Meeting (AMM) in Bangkok. We underlined the need to further strengthen cooperation and advance our partnership to ensure sustainability in all dimensions for ASEAN amidst the rapid changes in Southeast Asia and beyond.   ASEAN COMMUNITY-BUILDING 2. We reaffirmed our commitment to the full and effective implementation of the ASEAN Community Vision 2025 and the ASEAN Leaders’ Vision Statement on Partnership for Sustainability. We reaffirmed the importance of maintaining ASEAN centrality and unity in our community-building efforts, engagement with external partners and regional architecture. We commended the ongoing work of all ASEAN Sectoral Bodies and Organs for progress in the implementation of the ASEAN Political-Security Community (APSC), ASEAN Economic Community (AEC), and ASEAN Socio-Cultural Community (ASCC) … [Read more...] about Joint Communique of 52nd ASEAN Foreign Ministers’ Meeting

Illustration photo The Eastern North-South Expressway was divided into 11  component projects, including three fully State-funded and eight public-private partnership ones. For the eight PPP projects, 60 local and foreign investors submitted documents of interests as of July this year but very few passed the qualification round, leading to low competition. Specifically, no investors were qualified for four projects while only one or two investors were qualified for each of the last four. Against that backdrop, the ministry has to re-evaluate and readjust the bidding process in order to successfully implement  those key projects, ensuring national security. The Eastern  North-South Expressway, with total length of 654 km running through 13 provinces and cities, is the key project of the Ministry of Transport for 2017-2020 period. Construction of the first State-funded project, Cam Lo-La Son section, began on September 19 while the eight PPP projects are scheduled to … [Read more...] about Only domestic companies entitled to construct part of North-South expressway