More foreign participation is forecast in Vietnam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to foreign investors and the Government’s emphasis on infrastructure development.
The law on public-private partnership (PPP) investment was adopted by the National Assembly (NA) on June 18 at the legislature’s ninth session, with 92.75% of deputies voting in favour.
The National Assembly passed the law amending and supplementing some articles of the Law on the Issuance of Legal Documents at its on-going ninth session on June 18.
The 14th National Assembly continued its ninth working day of the second stage of the ongoing ninth session in Hanoi on June 17 under the chair of NA Chairwoman Nguyen Thi Kim Ngan.
The Government has proposed to the National Assembly three options for transforming investment models at sub-projects of the Eastern North-South Expressway for consideration.
Ownership rights and risk-sharing mechanisms must be clarified in public-private partnership (PPP) law to encourage the participation of private investors and ensure efficiency as well as transparency of PPP projects, according to Tran Chung, Chairman of the Vietnam Association of Road Traffic Investors.
The creation of a public-private collaboration to combat plastic waste in Vietnam has been agreed on via the inking of an MoU between the Ministry of Natural Resources and Environment, Unilever Vietnam International Co., Ltd., Dow Chemical Co., Ltd. Vietnam, and SCG.
As Vietnam is estimated to need an average of 210 billion USD for infrastructure per year through 2030 to meet its development targets, an Asian Development Bank (ADB) expert suggested the country should adopt new approaches to get the huge capital.
The healthcare market is drawing investors from home and abroad thanks to high demand and sustained growth.
Domestic and international private investors are expected to get the thumps-up to venture further into health initiatives in Vietnam on the back of new favourable rules that are expected to change the investment picture in the fairly-untapped but lucrative sector.
Vietnam should prioritize official development assistance (ODA) for its financial sector so that State-owned enterprises managing important projects can access affordable financing, according to an expert with the Asian Development Bank.
The transport sector could make a breakthrough in investment mobilisation for national key projects this year.
In 2019, foreign direct investment attraction was a bright spot of Vietnam’s economic picture. It is expected to continue being one of the vital drivers of the country’s growth this year and beyond.
The Ministry of Finance and the World Bank co-held a seminar in Hanoi on January 15 to discuss the public-private partnership (PPP), international practices and the related bill.
To lure more foreign investment in infrastructure, Vietnam needs to have a clear public-private partnership (PPP) framework.
The central city of Da Nang will step up cooperation with its Japanese partners to promote investment, trade, tourism, education and cultural exchanges with the Japanese side, a municipal leader has said.
The Party and State of Vietnam treasure and want to strengthen the comprehensive strategic partnership with Russia in general and its energy group Gazprom in particular, said a senior Party official.
The management boards of the North-South Expressway’s sub-projects have received applications from 32 domestic investors and joint ventures.
More than per 76 percent of current investment projects following public-private partnerships (PPP) are in the field of transport infrastructure, but investors still feel insecure.
National Assembly deputies are scheduled to adopt a resolution on the socio-economic development plan for 2020 on November 11 as part of their ongoing eighth session.