PM encourages Australian group Sakkara’s investment in real estate

Receiving the group’s president Neil Robert Wilson in Hanoi on November 29, the Prime Minister said urban development is important for Vietnam but the Vietnamese Government does not has sufficient financial capacity to invest in the field. Therefore, many opportunities are available for investors, he said.

PM Phuc suggested the group can expand investment to other fields, such as transport, environment, waste and waste water treatment, and infrastructure development in the forms of build – operate – transfer (BOT) and private – public – partnership (PPP).

He affirmed that the Government of Vietnam always facilitates foreign investment in the country.

For his part, Neil Robert Wilson expressed his impression of Vietnam’s hosting of the APEC Economic Leaders’ Week.

According to him, the group decided to make investment in Vietnam considering the country’s young and dynamic population. He said Sakkara has gained success since entering Vietnam in 2003, noting that Vietnam is the only foreign market the group has made investment in.

He expressed his hope for more assistance from the Government of Vietnam and the PM for his group when it invests in large-scale projects on home development and equitisation of State-owned enterprises.