HÀ NỘI — Provided with beautiful landscapes, long beaches and rich cultural and marine resources, Bình Định Province is expected to transform into a key destination for both domestic and foreign visitors. But like some other areas, the province's biggest hurdle in becoming more attractive to tourists is its lack of developed infrastructure. “Bình Định’s tourism sector has been developing less than expected because the infrastructure and facilities are still limited and underdeveloped,” said Nguyễn Tiến Đạt, deputy director of tourism company Transviet. The underdevelopment of infrastructure connecting different tourism sites has made it hard for visitors to come to the province, according to Hồ Quốc Dũng, chairman of the provincial People’s Committee. Provincial authorities and businesses had been focusing on building accommodations … [Read more...] about Tourism sector must focus on infrastructure, regulatory changes
Underdeveloped infrastructure
US, Japan keen to invest in Vietnam infrastructure
Joel Szabat, deputy assistant secretary in the U.S. Department of Transportation’s Office of Aviation and International Affairs, said his country wants to strengthen ties with Vietnam in the transport infrastructure area, especially airports and seaports. He told Deputy Minister of Transport Le Dinh Tho at a meeting Tuesday that his department would facilitate U.S. investment in Vietnam’s infrastructure projects in the form of public-private partnerships (PPPs). But Vietnam needs to have more policy consistency and open policies, Szabat said. Last month Japan's Secretary of State Tsukasa Akimoto told Deputy Minister of Transport Nguyen Ngoc Dong that many Japanese investors are eyeing key transport projects in Vietnam. They are interested in the Long Thanh International Airport and high-speed north-south railway, he said. At the meeting with Szabat, Tho said Vietnam is focusing on five areas of transport infrastructure: roads, aviation, waterways, railways, and network … [Read more...] about US, Japan keen to invest in Vietnam infrastructure
U.S., Japan keen to invest in Vietnam infrastructure
Joel Szabat, deputy assistant secretary in the U.S. Department of Transportation’s Office of Aviation and International Affairs, said his country wants to strengthen ties with Vietnam in the transport infrastructure area, especially airports and seaports. He told Deputy Minister of Transport Le Dinh Tho at a meeting Tuesday that his department would facilitate U.S. investment in Vietnam’s infrastructure projects in the form of public-private partnerships (PPPs). But Vietnam needs to have more policy consistency and open policies, Szabat said. Last month Japan's Secretary of State Tsukasa Akimoto told Deputy Minister of Transport Nguyen Ngoc Dong that many Japanese investors are eyeing key transport projects in Vietnam. They are interested in the Long Thanh International Airport and high-speed north-south railway, he said. At the meeting with Szabat, Tho said Vietnam is focusing on five areas of transport infrastructure: roads, aviation, waterways, railways, and network … [Read more...] about U.S., Japan keen to invest in Vietnam infrastructure
Road, rail investment to push Vietnam infrastructure growth
This would be the result of government investment in new expressways and urban transit networks to handle the country’s logistics shortcomings, Fitch Solutions Macro Research, said in a new outlook report on Vietnam’s infrastructure sector. It said the transport sector would be a driver of the infrastructure industry’s growth as the government invests in new road and rail projects aimed at alleviating some of the country’s logistics infrastructure gaps. This investment would be predominantly concentrated in the road and rail segments, which account for 54 percent of the total infrastructure industry value. Growth in the road and rail segments was predicted to outperform to reap an annual average surge of 7 percent in real terms between 2018 and 2027. Meanwhile, the rail sector was expected to expand by an annual average of 5.4 percent in the period. Investment and construction activity in these two sectors would help boost overall growth of the transport … [Read more...] about Road, rail investment to push Vietnam infrastructure growth
Recommendations given to forge stronger FDI-domestic businesses links
Overview of the forum (Photo: VNA) Hanoi (VNA) – Representatives from foreign-invested enterprises and foreign business associations in Vietnam gave their recommendations on fostering linkages between FDI and domestic firms at the mid-term Vietnam Business Forum (VBF) 2018 that opened in Hanoi on July 4. Kim Heung Soo, President of the Republic of Korea Chamber of Commerce (KOCHAM) in Vietnam, said that the majority of Vietnamese enterprises have yet to produce sufficient support products to supply to FDI firms. Therefore, the Government of Vietnam and FDI enterprises should focus on dealing with the situation, he said, adding that RoK companies are working hard on growing the support industry in Vietnam and assisting small- and medium-sized enterprises. The RoK-invested Samsung Electronics Vietnam has raised its productivity to 85 percent through consultation programmes for their Vietnamese partners and suppliers, said Kim. He added that Samsung’s programmes have … [Read more...] about Recommendations given to forge stronger FDI-domestic businesses links