Thu Thiem will relieve some of the pressures Ho Chi Minh City currently faces. The infrastructure within Ho Chi Minh’s existing CBD is starting to buckle under the pressure of rapid expansion in the last three decades. “The master plan for Thu Thiem is set to alleviate the lack of supply faced in the existing CBD,” says Stephen Wyatt, Country Head, JLL Vietnam. “As infrastructure improves within Thu Thiem, we anticipate that larger firms will start considering Thu Thiem as a viable alternative to the existing CBD and set up their head offices there.” … [Read more...] about Thu Thiem set to relieve Ho Chi Minh City’s infrastructural challenges
Infrastructure
Bottlenecks in ASEAN infrastructure investment
A construction site in Indonesia (Source: Financial Tribune) Hanoi (VNA) – There are stillbottlenecks in infrastructure investment in Southeast Asia that hamper regionaleconomic growth and connectivity, experts said in an annual conference on Asiancompetitiveness in Singapore on November 23-24. Dr. Cledan Mandri Petrott from the WorldBank (WB) said ASEAN faces quite serious bottlenecks due to scatteredmanagement frameworks at both central and local levels. He said most countries in the region lackinstitutional capacity and skills to support public-private partnership (PPP) projectsand environment appraisal, which hinders investment in infrastructure. WB statistics showed that though regionalinfrastructure investment is almost double gross domestic product growth while privateinvolvement in the field remains limited, nearing 15 billion USD from2012-2016. Indonesia recorded the largest privateinvestment in infrastructure over the past decade, mostly in energy projects(93 … [Read more...] about Bottlenecks in ASEAN infrastructure investment
Vietnam wants Canada’s group to engage in more infrastructure projects
Dung told Chairman and CEO of the VTG Richard Courey at a meeting in Hanoi on November 22 that the Vietnamese Government welcomes and values determination of potential and experienced international partners to join infrastructure projects in the country. Lauding the VTG’s experience in infrastructure development, he said that Vietnam is mobilising social resources for investment in infrastructure serving socio-economic development. The Vietnamese Government is improving its investment and business environment, completing institutions and creating favourable conditions for foreign and domestic businesses to expand investment, he added. For his part, Richard Courey noted that the VTG has proposed Hanoi and the Vietnamese Government, ministries and agencies launch the urban railway project No.2 that connects the Noi Bai International Airport and the West Lake in the form of Public Private Partnership. He showed confidence that his firm … [Read more...] about Vietnam wants Canada’s group to engage in more infrastructure projects
VN wants Canada’s group to engage in more infrastructure projects
Deputy PM Trinh Dinh Dung (R) receives Chairman and CEO of Canada's Transportation Vision Group Richard Courey in Hanoi (Photo: http://news.chinhphu.vn)Hanoi (VNA) – Vietnamhopes Canada’s Transportation VisionGroup (VTG) will launch more transport infrastructure projects in thecountry, including the construction of the North-South high-speed railway, saidDeputy Prime Minister Trinh Dinh Dung.Dung told Chairman and CEO of the VTG Richard Coureyat a meeting in Hanoi on November 22 that theVietnamese Government welcomes and values determination of potential andexperienced international partners to join infrastructure projects in thecountry. Lauding the VTG’s experience in infrastructure development, he said that Vietnamis mobilising social resources for investment in infrastructure servingsocio-economic development. The Vietnamese Government is improving its investment and business environment,completing institutions and creating favourable conditions … [Read more...] about VN wants Canada’s group to engage in more infrastructure projects
FDI needed in infrastructure development
According to WEF’s Global Competitiveness Report 2017-2018, Vietnam's competitiveness currently ranks 55th out of 137 countries, five steps higher compared to last year and 20 places higher than five years ago. As many as ten out of 12 indicators have been improved.In the report, Vietnam’s infrastructural development indicator ranks 79th among 137 countries, which is still considered weak despite improvements in the past many years.Vietnam has been working to innovate the system for over 30 years and obtained several socio-economic development achievements, but there are sign of slowing growth, causing difficulties to overcome the middle-income trap. High-cost and low-efficiency investment do not attract foreign capital in key large-scale projects, which challenges the countries aims to reach sustainable economic growth.“The Vietnamese government determined that infrastructure development is an important task and set it among the three … [Read more...] about FDI needed in infrastructure development