Opportunities for Infrastructure Development Cooperation Vietnam’s infrastructure development demand is on the rise, meanwhile, local government budgets and donor funding is limited. However, this is an opportunity for the private sector to develop infrastructure projects through the model of Public Private Partnership (PPP). According to Japanese and Vietnamese enterprises at a recent seminar in Hanoi on PPP model, Vietnam needs make more efforts to complete legal framework to attract more private firms in the area of infrastructure development. Cooperation between the state and businesses Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Doan Duy Khuong, said within the next 10 years, Vietnam will need around US$70-80 billion for infrastructure development, a quite significant amount of capital that would be out of the state’s budget. Japan is one of Vietnam’s strategic business partners and is a country which has made great successes in … [Read more...] about Opportunities for Infrastructure Development Cooperation
Infrastructure development
Discussing to boost sustainable infrastructure development
The Hanoitimes - The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) activities and modern infrastructure development is one of three breakthroughs in the socio-economic development strategy, Deputy Prime Minister Vu Van Ninh praised at the 38th session of ADFIAP held in Nha Trang city on May 14. The conference gathered more than 100 participants including State officials, ADFIAP representatives and business leaders. Their discussion revolved around relevant policy frameworks, sponsorships and support systems. Participants urged the ADFIAP to consolidate its role and capitalise on the dynamic regional growth. In his speech, ADFIAP Chairman Pema Tshering highlighted the event as a good opportunity for financial institutions to take measures aimed at bringing about a sustainable future for each ADFIAP member. According to the Chairman, Asia needs around 750 billion USD to improve its infrastructure each year with focuses on transportation, … [Read more...] about Discussing to boost sustainable infrastructure development
“Good PPP Examples in Infrastructure Development”
“Good PPP Examples in Infrastructure Development” This is the topic of the seminar organised in Hanoi by the Ministry of Foreign Affairs and the Ministry of Transport of Vietnam and the United States Embassy. This is part of cooperation framework of Lower Mekong Initiative (LMI) Programme. The event aimed to share public - private partnership (PPP) information and experience in infrastructure development among Mekong countries and other regions in the world. The seminar drew the attendance of more than 100 foreign delegates representative of agencies involved in trade, investment, transport, energy, infrastructure development and financial resources, and big companies of the United States and Lower Mekong countries (Thailand, Laos, Cambodia, Cambodia, Vietnam and Myanmar) engaged in energy, telecommunications, aerospace, port industry, railway and terrestrial road, agriculture, construction, engineering and finance. At the function, businesses were informed of policy … [Read more...] about “Good PPP Examples in Infrastructure Development”
Establishing of the Drafting Committee of building tourism infrastructure development Goals in the period 2016-2020
(Cinet) - Recently, the Ministry of Culture, Sports and Tourism has issued Decision No. 877/QD-BVHTTDL on establishing of the Drafting Committee of building tourism infrastructure development Goals in the period of 2016-2020. Accordingly, the drafting committee including: 1. Mr. Ho Viet Ha, Director of Department of Planning and Finance - Head of committee; 2. Mr. Tran Hoang, Deputy Director of Department of Planning and Finance - Vice Head of committee; 3. Mr Ha Van Sieu , Deputy General Director of Viet Nam National Administration of Tourism - Vice Head of committee; 4. Mr. Nguyen Trung Khanh, Director of the Department of International Co-operation - Commissioner; 5. Ms.Do Thi Thanh Hoa, Deputy Director of the Institute for tourism Study and Development - Commissioner; 6. Ms. Nguyen Thi Thu Hien, Deputy Director of Department of Planning and Finance of VNAT- Commissioner; 7. Mr. Tran Dinh Thanh, Deputy Director of Department of Cultural Heritage - Commissioner; 8. Mr. Nguyen Thanh … [Read more...] about Establishing of the Drafting Committee of building tourism infrastructure development Goals in the period 2016-2020
Philippines to join Asian Infrastructure Development Bank
Hanoi (VNA) – The Philippines is set to join the China-initiated Asian Infrastructure Investment Bank (AIIB) with a view to accelerating infrastructural development and strengthening connection. Philippine Finance Secretary Cesar Purisima said in a statement that the country will sign AIIB’s terms by the end of 2015. According to the Asian Development Bank (ADB), the Southeast Asian country needs 127.12 billion USD for infrastructural development from 2010 to 2020. AIIB will help create employment and trade development opportunities for Filipinos, Cesar Purisima said, adding that his country will contribute 196 million USD to the bank’s 100 billion USD authorized capital. Headquartered in China’s capital city of Beijing, AIIB boasts 57 members and finances infrastructure development projects in regional economies.-VNA … [Read more...] about Philippines to join Asian Infrastructure Development Bank