The Hanoi Highway expansion project in Ho Chi Minh City Controversial land exchangeFrom 2015-2017, HCMC mobilized about VND20.4 trillion from the private sector for BT infrastructure development projects. Completed BT projects in the city include Phu My Bridge, Saigon 2 Bridge, Hanoi Highway, Pham Van Dong Road, and the Tham Luong- Ben Cat Canal wastewater treatment plant.However, some assessments indicate that the BT investment mode exposed a number of problems, as it is based on exchange of land for infrastructure that remains controversial and vague.In addition, the Ministry of Finance points out that BT project implementation is governed by six different laws, burdening both investors and state management.Dr. Huynh The Du, a lecturer on public policy and Academic Director of the Fulbright Economics Teaching Program, Vietnam, brings up another point: although it is risky, exploiting land value is still the best way for HCMC to raise capital for … [Read more...] about HCMC seeks transparent land-infrastructure exchange
Infrastructure
Dong Thap lures investments into infrastructure, farm produce processing
Dong Thap lures investments into infrastructure, farm produce processingHung Le HCMC – The Mekong Delta province of Dong Thap is calling for investors at home and abroad to develop industrial infrastructure, and agricultural goods processing projects, heard a press conference in HCMC last Saturday. The provincial government and the Institute of Vietnam Organic Agricultural Economics unveiled the investment promotion conference under the theme of “Dong Thap – our potential, your opportunity,” which is slated to take place next Tuesday in Cao Lanh City, and is expected to have around 300 delegates. Truong Hoai Chau, director of the provincial Department of Planning and Investment, said the local government is calling for investors for 33 projects which are aimed at developing infrastructure for industrial zones, hi-tech agricultural sub-zones, as well as processing industry, tourism, and trade. The local government wants to prop up investments in the farm produce … [Read more...] about Dong Thap lures investments into infrastructure, farm produce processing
Once an also-ran, local infrastructure arrives
Could you share some of the conclusions of KPMG’s “Global Construction Survey 2017” as far as boosting growth in Vietnam?Infrastructure projects are the most complex construction projects, whether, for example, they are floating liquefied natural gas platforms, an airport, or a hydroelectric dam, and they therefore have significant associated cost. They also have complex political, financial, organisational, and delivery structures.They also, very often, are not completed on time or on budget. So something isn’t working. This all means that the industry has to innovate and adapt to enable improved outcomes and successful realisation of critical success factors. One of the key lessons from the survey is that there isn’t one solution and there are many factors that need to work together to enable change.Historically, engineering and construction firms as well as operators and maintainers have focused heavily on governance and controls to achieve the … [Read more...] about Once an also-ran, local infrastructure arrives
Infrastructure vital for foreign investment attraction
Infrastructure vital for foreign investment attractionLe Anh HCMC – Infrastructure plays a key role in whether foreign investors decide to make an investment in Vietnam or not, heard a conference on infrastructure development in HCMC on December 7. Speaking at the conference, Kawaue Junichi, consul general of Japan in HCMC, said the first thing investors will look at is infrastructure when it comes to making an investment decision. According to the consul general, to ensure sustainable infrastructure development, more attention should be paid to social and environmental impacts and economic purposes when implementing infrastructure projects. Infrastructure projects like seaports, roads, railways and electricity systems should contribute to improving people’s lives and protecting the environment. They should be of high quality as well. Among the infrastructure projects in Vietnam that have got positive reviews from Japan are Tan Son Nhat International Airport and East-West … [Read more...] about Infrastructure vital for foreign investment attraction
Japan, Vietnam experts talk investment in high-quality infrastructure
The dialogue was organised by the Japanese Ministry of Economy, Trade and Industry as part of the 15th Vietnam International Trade Fair (Vietnam Expo) in Ho Chi Minh City. Junichi Kawaue, Consul General of Japan to HCM City, said Vietnam is playing an important role in the development of ASEAN. Therefore, the sustainable development of high-quality infrastructure, in terms of road, railway and sea transport, is critical to not only Vietnam but also the region’s transport connectivity. As an economic hub of Vietnam, HCM City needs high-quality infrastructure, he said, noting that Japan wants to continue contributing to important transport facilities in the city like the metro route No. 1. It is also considering some projects in Vietnam to further connect Da Nang Port with the East-West Economic Corridor, and Cai Mep-Thi Vai Port with the Southern Economic Corridor. Vice Chairman of the HCM City People’s Committee Le Van Khoa said his city hopes to cooperate closely with … [Read more...] about Japan, Vietnam experts talk investment in high-quality infrastructure