Chances for Malaysia firms to pour capital into Vietnam’s infrastructure
Maxfield Brown, a representative of Dezan Shira & Associates, has said it is time for foreign investors to pour capital into infrastructure in Vietnam.
Illustrative image (Photo: VNA) Hanoi (VNA) – Maxfield Brown, a representative of
Dezan Shira & Associates, has said it is time for foreign investors to pour
capital into infrastructure in Vietnam.
In his view, foreign direct investment in modern transportation infrastructure will help improve Vietnam’s competitiveness.
Chairman of Confexhub Group Datuk Abdul Aziz S.A Kadir also saw opportunities when the Vietnamese government is striving to attract domestic and foreign investment in transportation and infrastructure projects, saying that Vietnam not only needs capital but also specialised technical knowledge, thus offering good chances for foreign investors, including those from Malaysia.
According to him, conventional funding sources, such as the State budget and official development assistance from bilateral and multilateral donors, and government bonds, could only cover about half of the demand.
Investors at home and abroad are expected to be involved in infrastructure development through public-private partnership model, he said.
Deputy Director of Ho Chi Minh City’s Investment and Trade Promotion Centre Cao Thi Phi Van said among 210 local projects calling for investment, many of them are in infrastructure that caught interest of Malaysian investors.
Ho Chi Minh City always welcomes foreign investors, including those from Malaysia, to invest in trade, technology, culture, tourism, environment and infrastructure, she said, adding that the city is particularly interested in transportation infrastructure projects, including six metro lines that are pitching to capital, apart from industrial park and logistics infrastructure.
Tran Ngoc Chinh, Chairman of the Vietnam Urban Planning and Development Association, said Vietnam’s road and railway infrastructure remain poor so that more expressways need to be built in the future.-VNA
In his view, foreign direct investment in modern transportation infrastructure will help improve Vietnam’s competitiveness.
Chairman of Confexhub Group Datuk Abdul Aziz S.A Kadir also saw opportunities when the Vietnamese government is striving to attract domestic and foreign investment in transportation and infrastructure projects, saying that Vietnam not only needs capital but also specialised technical knowledge, thus offering good chances for foreign investors, including those from Malaysia.
According to him, conventional funding sources, such as the State budget and official development assistance from bilateral and multilateral donors, and government bonds, could only cover about half of the demand.
Investors at home and abroad are expected to be involved in infrastructure development through public-private partnership model, he said.
Deputy Director of Ho Chi Minh City’s Investment and Trade Promotion Centre Cao Thi Phi Van said among 210 local projects calling for investment, many of them are in infrastructure that caught interest of Malaysian investors.
Ho Chi Minh City always welcomes foreign investors, including those from Malaysia, to invest in trade, technology, culture, tourism, environment and infrastructure, she said, adding that the city is particularly interested in transportation infrastructure projects, including six metro lines that are pitching to capital, apart from industrial park and logistics infrastructure.
Tran Ngoc Chinh, Chairman of the Vietnam Urban Planning and Development Association, said Vietnam’s road and railway infrastructure remain poor so that more expressways need to be built in the future.-VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
Business
Dak Lak firm pioneers in following EUDR in coffee production
The Dak Lak September 2 Import-Export Company Limited (Simexco) has pioneered in building coffee growing areas following the EU Deforestation Regulation (EUDR), it announced on April 25.
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
