VietNamNet Bridge – Nguyen Danh Huy, general director of the transport ministry’s Public-Private Partnership Investment Project Management Department, speaks to Tuoi tre (Youth) newspaper about measures to attract investors to participate in BOT projects. Resolution 20 lays out plans for building certain sections of the North-South expressway in the east during the 2017-20 period. Why has it increased the rate of owner’s equity for investors participating in the project from 15 per cent to at least 20 per cent of the total investment capital? In principle, as the owner’s equity rate is higher, it is easier for credit institutions to provide capital for the project. But it would also lead to an increase in investment costs for the project as the benefit ratio of the owners’ equity will be higher than the interest rate of banks. In financial terms, this rate of owners’ equity of investors is called the financial leverage ratio. The 20 per cent … [Read more...] about Clarity needed to lure investors in BOT projects
How to attract investors in a business plan
Vinh Phuc targets infrastructure, job training to entice investors (21-01-2005) Viet Nam News spoke to Nguyen Ngoc Phi, chairman of the People’s Committee in Vinh Phuc Province, about the roles of local government and proper policies in attracting investors to the province. What role does local government play in assisting investors and enterprises to do business in Vinh Phuc? We realise that Vinh Phuc is not the most successful province in the nation at attracting investors, but it has achieved some good results. We welcome investors in order to make Vinh Phuc more prosperous. All of the official agencies from the local to provincial levels have agreed in principle on our role and responsibility, as follows. First of all, we grant business licences to investors on the basis of a one-door policy. That means necessary information on environment, land and time of approval is provided fully to investors within five days, 10 days earlier than the Government requirements. Secondly, … [Read more...] about Vinh Phuc targets infrastructure, job training to entice investors
Business Beat (09-02-2009) Nation still attractive to foreign investors by Le Hung Vong With its medium-and long-term advantages, Viet Nam remains an attractive FDI destination, according to the head of the Ministry of Planning and Investment’s Foreign Investment Department, Phan Huu Thang. Some newly-licensed projects in Ba Ria-Vung Tau Province show just how attractive. In the first days of the Year of the Buffalo, the southern province has approved seven projects involving more than US$5 billion. The Sai Gon Atlantis Hotel received the nod to increase its capital from $300 million to $4.1 billion; the $600-million Toc Tien Urban Area will be developed; and the $500 million Binh Chau-Viet Nam Resort and safari will be developed by a joint venture between a foreign and two Vietnamese firms. Thang says considering the recession, the investments provide an impetus for the development of not only Ba Ria-Vung Tau but also other provinces. Despite the dire economic forecasts for this … [Read more...] about Nation still attractive to foreign investors
VND2.3 trillion to be invested in upgrading Tan Son Nhat airport A VND2.3 trillion (US$108 million) project is set to begin in November to expand T2 International Terminal of Tan Son Nhat International Airport in Ho Chi Minh City. Minister of Transportation Dinh La Thang has approved the project of the Airports Corporation of Vietnam (ACV), which is scheduled to be completed in three years. Accordingly, three areas of the terminal will be expanded, raising the current 22,000 square metres in use to 115,834 square metres. The improved terminal, which will include 120 check-in desks, 10 jet bridges and 19 gates, will be able to serve about 13 million passengers per year, increasing current capacity by three million. According to ACV Deputy General Director, Ho Minh Tien the expanded areas will enhance the current architecture, especially the curved roof in the shape of a flying bird wing. The current terminal was put into operation in September 2007, aiming to serve 8-10 million … [Read more...] about VND2.3 trillion to be invested in upgrading Tan Son Nhat airport
VietNamNet Bridge – The Quang Ninh provincial authorities have vowed to develop the Van Don Special Economic Zone (SEZ) in the locality. But they still don’t know how to find the $12 billion worth of capital needed to build the SEZ. There is no shortcut for anyone to take to develop SEZs. In order to develop SEZs, it is necessary to develop the infrastructure items first. Andrew Grant, CEO of McKinsey & Company Singapore said when asked to give advice to the Van Don SEZ project. Sharing the same view, a professor from Harbin University said that investors would not take risk to set up their businesses in SEZs in their early days, and that they would only consider the investment after they can see the infrastructure items get completed. Therefore, it is necessary to develop the infrastructure system first before trying to attract investors. The plan on the Van Don SEZ development built up by the Quang Ninh provincial authorities says that in 2014-2030, the SEZ would … [Read more...] about How to find $12 billion to build Van Don SEZ?