Pursuant to the Government’s capital allocation plan for 2012, the traffic and transportation sector needed 54 trillion dong, including 15 trillion dong of the state budget for 87 projects (41 official development assistance (ODA) projects). Also the ministry proposed the government to allocate 20 trillion dong from G-bonds for 120 projects. The remaining 20 trillion [...]
Dec 16 2011 | Posted in
Infrastructure |
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Vietnam can only meet half of the capital it needs for infrastructure development and will have to seek more invesment from the private sector, according to a report on the government’s website. The country needs $15-16 billion a year for its infrastructure projects, but the government can only provide $7-8 billion, the report said, citing [...]
Dec 2 2011 | Posted in
Infrastructure |
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Swiss businesses have expressed their wish to help Ho Chi Minh City promote its economic development, especially infrastructure development. During a meeting with the Municipal People’s Committee Chairman Le Hoang Quan on November 17, Swiss Economic Minister Marie Gabrielle Ineichen Fleish said Vietnam is of great importance to Switzerland, in a list of priorities for [...]
Nov 18 2011 | Posted in
Infrastructure |
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Estonia expected Vietnam to create the favorable conditions for Estonian enterprises, especially in transport infrastructure development, e-commerce, the Prime Minister of Estonia Andrus Ansip said in the meeting with Vietnamese Prime Minister. The two PMs exchanged consensus talks on November 7 in Hanoi for the two nations’ future cooperation. Vietnam wants to export its key [...]
Nov 9 2011 | Posted in
Infrastructure |
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A fresh infrastructure development approach is imperative. Ministry of Planning and Investment (MPI) statistics show that Vietnam needs $295-305 billion based on 2010 prices and $385-395 billion based on actual prices, to pump into planned infrastructure projects up to 2020. However, the country is reportedly in a position to raise around $210-215 billion for infrastructure [...]
Nov 8 2011 | Posted in
Infrastructure |
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Giant transport infrastructure projects are in for a lift. Minister of Transport (MoT) Dinh La Thang has inked Document 6454/BGTVT-TTCB seeking the prime minister’s approval to form two big groups operating in civil engineering construction by restructuring the sector’s existing construction corporations. Accordingly, one such group, incorporating the Civil Engineering Construction Corporation 1 (Cienco 1), [...]
Nov 4 2011 | Posted in
Infrastructure |
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Japan International Cooperation Agency (Jica) and Vietnamese Ministry of Finance (MoF) today November 2 signed a credit agreement worth $1.2 billion to invest in infrastructure projects in Vietnam. Under the contractual agreement, projects prioritized to receive this capital source include port project in Lach Huyen, Vietnam space centre project (project in response to climate change [...]
Vietnam Infrastructure Limited (LON:VNI), the first publicly traded fund to focus on infrastructure assets in Vietnam, has announced changes to the composition of the Company’s Board of directors. Don Lam has resigned as a Non-executive director of the Company and Albert Theodore (‘Ted’) Powers has joined as a Non-executive director of the Company Lam is [...]
Nov 2 2011 | Posted in
Infrastructure |
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The Japan Bank for International Cooperation (JBIC) pledges finance to Hanoi in the fields of environment and transport infrastructure development in the near future. A JBIC representative made the affirmation at a meeting on Oct. 24 with Chairman of the Hanoi People’s Committee, Nguyen The Thao to discuss new potentials of cooperation with the capital [...]
Oct 25 2011 | Posted in
Infrastructure |
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Sourcing private equity investment has proven a proper remedy to ameliorate Ho Chi Minh City’s transport infrastructure. The southern hub will need around VND300 trillion ($15 billion) to develop its transport infrastructure up to 2015. However, it could only source approximately VND8.5 trillion ($410.6 million) from state coffers every year, according to Ho Chi Minh [...]
Oct 23 2011 | Posted in
Infrastructure |
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