This transition period will, however, require new tools. This includes issuing counter-guarantees to the ADB and other development partners so they can use their strong international credit ratings to de-risk projects. Vietnam should also prioritise development assistance to strengthen the financial sector, providing stand-by facilities or other enhancements to make it easier for state-owned enterprises tasked with key projects to access affordable financing, and allowing development partners to issue dong-linked bonds to lower the cost of capital for Vietnamese borrowers. These are all measures that the ADB and others have introduced in other middle-income countries. However, either because of statute or policy, they are currently not possible in Vietnam. … [Read more...] about Vietnam building bridges for greater economic growth and development
Priority partners insurance
“The law needs to better mitigate the risk that the demand for an infrastructure project falls short of projections,” Lambert said, adding that Viet Nam already does this with feed-in-tariffs for power generation projects. The PPP law should afford similar protection to other sectors, particularly transport. This can be achieved through minimum revenue guarantees or ensuring that availability payments extend automatically beyond the current ceiling of five years. … [Read more...] about Vietnam needs new approaches to fund development: ADB expert
According to iViVu CEO Nguyen Trung Cong, local consumers have provided the bedrock for robust development in the online travel sector. The market, however, remains dominated by foreign players. To boost the market share, local players need to provide something unique that shows a deep understanding of the domestic market and applies disruptive technologies. … [Read more...] about An internet economy: a golden treasure trove?
As the market is near saturation point, detergent firms are splashing on marketing and image promotion campaigns to attract buyers. Well aware of this trend, Lixco has been focusing on promoting liquid detergents and its revenue from this segment made up 59 per cent of the company’s total revenue last year. … [Read more...] about Local detergent firms vying for bigger market pie