Want to be in the loop?
MOT TO INTRODUCE INVESTMENT OPPORTUNITIES FOR NORTH-SOUTH EXPRESSWAY
The Vietnamese Ministry of Transport (MoT) will hold an investment promotion conference next week to introduce investment opportunities in the Eastern Cluster of the North-South Expressway project in the 2017-2020 period.
During the event on April 19, the MoT will provide an update on related regulations and the progress of this particular eastern section of the North-South Expressway.
Public-Private Partnership (PPP) investment and business opportunities for enterprises, as well as financial and credit institutions and the regulations and procedures related to investor pre-qualification will also be explained.
Also on the occasion, the MoT will review the infrastructure investment landscape in Vietnam and flag upcoming opportunities for enterprises.
The Eastern Cluster of the North-South Expressway project comprises of 11 section projects, including three to be financed by the state and eight to be implemented through the PPP model.
Many foreign investors, including those from the EU, Japan, the US, and South Korea, have expressed interest in the project, which is estimated to cost over VND118.7 trillion ($5.16 billion), with a total of over VND63 trillion ($2.74 billion) to be mobilised by investors, for 654 kilometres to be built. It is considered an economically and politically important project.
"The list of sub-projects is very attractive for foreign investors, particularly European investors. EU firms have a good record of PPP projects in highways and airports, including projects implemented in developing countries looking to improve their transport infrastructure. The airport of Santiago and other projects in South America may be cited as good examples," Antoine Logeay, chairman of the European Chamber of Commerce's Legal Sector Committee, told VIR.
Interested enterprises, financial and credit institutions should register for participation before April 12, 2019 with the Department of Public-Private Partnership at firstname.lastname@example.org or email@example.com.
1. Credit programme helps promote HCM City's economic growth 2. Maritime Bank wants to raise $43 million from private share issuance 3. State should create fair competition in fuel market 4. Vietnamese businesses innovate for comprehensive integration 5. Startups benefit from enabling environment ----and more news
The circular economy will open up business opportunities worth US$ 4.5 trillion by 2030, creating hundreds of millions of new jobs, helping businesses reduce the risks of material scarcity and fluctuation of resource prices, and contribute to realizing the Agenda 2030 on sustainable development.
The Ministry of Industry and Trade (MoIT) has proposed a VND100 trillion (US$4.31 billion) preferential credit package for the development of the country’s support industry.
A large number of companies from Europe, the Republic of Korea, Japan, and China are choosing to invest in building manufacturing facilities in Vietnam, promising a boost to the development of the industrial property segment.
1. Concrete mixing plant supply and installation2. Chemicals, materials, tools supply-bid cancel3. Materials, chemicals, biological supply4. Optical subscriber wire supply-bid extend5. School equipment supply and installation-bid extend----and more news
With an export target of US$40 billion set for 2019, this year is considered an important year for Vietnam's textile and garment industry in two potential export markets: Canada and Australia. Vietnam currently holds 4-5% market share in these markets. However, there are still many hurdles that the industry needs to overcome to capitalize on opportunities in CPTPP.