SCIC sets aside of 2.5tr dong for infrastructure investment projects

State Capital Investment Corp (SCIC) has said that in the following development period, SCIC will switch to carrying out new projects, especially projects in infrastructure sector such as energy, urban zone, school and hospital, according to Le Song Lai, SCIC’s deputy general director.

In the short term, the SCIC’s total capital source for infrastructure projects is estimated at some 2.5 trillion dong.

Research of United Nations Development Programme (UNDP) showed the investment ratio in infrastructure of developed countries account for about 3-5 percent of GDP at the most optimal.

Vietnam’s total investment in infrastructure in recent years has reached 10 percent of the country’s GDP, much higher than the international standards and that of regional nations.

Of which, noticeably Vietnam’s investment capital for infrastructure is mainly from state budget and preferential loans from international institutions. Meanwhile the capital from private sector is very low.

Tags: Vietnam Infrastructure

Posted by VBN on Jul 8 2011. Filed under Infrastructure. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry