Notably, in the road sector, there have been a few concessions for national roads awarded on a direct contracting basis. Nevertheless, many of these road projects had to be renegotiated, leading to the state ultimately bearing most of the risk because of lack of increase in the appetite for the investor to bear risks which they do not have to shoulder in other jurisdictions. … [Read more...] about New PPP rules to drive development
The estimated cost of the North-South Expressway in 2018 was VND16 trillion lower than the initial estimate made in 2017 when the National Assembly decided to develop the project. If excluding the Cam Lo – La Son project (2-lane road, 98.4 kilometers in length) and the My Thuan 2 Bridge (6.6 kilometers), the investment rate would be VND95.6 billion per kilometer. … [Read more...] about What’s the real cost of the North-South Expressway?
Hanoi (VNS/VNA) - Vietnam’s real GDP would grow by 2.6 percent in 2020 and hit an 8.2 percent rebound next year, Fitch Solutions has forecast. According to a report released on October 1, the UK-based financial information services provider said its forecast continued to reflect its view for Vietnam’s economic recovery to gain steam in the final quarter and into 2021, supported by manufacturing, construction and services. “Accordingly, we forecast real GDP to stage a strong rebound to 8.2 percent in 2021, assuming freer international movement of persons, which would support a tourism rebound and better containment success externally for most of the year, especially in major export destinations for Vietnam such as the US and Europe, which would support external demand,” it said. “We expect growth of the industrial and construction sectors, which accounts for about 35 percent of GDP combined, to only strengthen slightly in the final … [Read more...] about Vietnam’s economic recovery forecast to be on track
DEEP C Industrial Zones is a Belgian developer and operator of an industrial zone and port infrastructure cluster in Hai Phong City and Quang Ninh Province – the most dynamic and growing region in north Viet Nam. DEEP C has become one of the largest industrial property developers in Viet Nam with five industrial zones, forming DEEP C industrial zone cluster covering 3,400 hectares at the epicentre of the region’s manufacturing and infrastructure boom. DEEP C provides a large portfolio of products and services including industrial land and workshop/warehouse for lease, port development, and operation, utilities supply and distribution, renewable energy generation. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 17
As part of the cooperation, a conference on cooperation in tourism development between Ho Chi Minh City and eight northwest provinces including Dien Bien, Ha Giang, Hoa Binh, Lai Chau, Lao Cai, Phu Tho, Son La and Yen Bai took place on November 14 at Viet Tri city, the northern province of Phu Tho. The event attracted the participation of officials of the government, provinces, cities, tourism industry, travel and aviation businesses. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 18